These Project TEAMS (Techniques and Education for Achieving Managerial Skills) instructional materials consist of five units for use in training independent business owner/managers. The first unit contains materials which deal with management skills relating to personal characteristics of successful business people, knowledge of self and chosen field, ethics, and problem solving. Time management, office organization, governmental regulations, employee benefits and insurance are discussed in unit 2. Topics covered in the third unit are personnel management, communications both with employees and with other businesses, public relations, and conducting meetings. Unit 4 consists of materials designed to increase managerial skills in regard to accounting, budgeting, computers, and market analysis. Goal-setting, risk-taking, use of consultants, research and development, and incorporating are examined in the final unit. Each unit contains a list of objectives, suggested activities, information sheets, transparency masters, assignment sheets, review sheets, and references. (Related Project TEAMS instructional materials for business and industry supervisors, health care administrators, and public administrators are available separately through ERIC--see note.) (MN)