Just to clarify ......
you only need to run the last command after installing draklive-install.
So after installing it, in a root terminal the only command you need is
/root/my-iso.sh
The previous commands were issued to set up that command and do not need to be done again.
good luck 
Too late...entered them all.

The ISO is in /home.

I post the following because I saw some warnings. Probably nothing....but just reporting. I haven't closed the Konsole yet either.
Restoring Services on the installed system
running: chkconfig --add atd
running: chkconfig --add crond
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
Warning: syslog is needed by crond in runlevel 2
Warning: syslog is needed by crond in runlevel 3
Warning: syslog is needed by crond in runlevel 4
Warning: syslog is needed by crond in runlevel 5
running: chkconfig --add syslog
running: chkconfig --add kheader
running: chkconfig --add xinetd
Created '/home/ms_meme.iso' (3247,671,296 bytes) in 01:10:29
[root@localhost meme]#