This guide is intended to assist vocational educators using PACE (Program for Acquiring Competence in Entrepreneurship), a comprehensive, competency-based entrepreneurship education program designed to help students develop the competencies needed to create and operate a small business. Discussed in the introduction are the premises that influenced the development of PACE and the 21 topics covered in its 3 levels. Eleven suggestions for using PACE are presented. Outlined next are the competencies and accompanying objectives of each of the PACE curriculum's 21 units. Eight instructor competencies deemed critical for effective entrepreneurship teaching are listed, and suggestions for mastering and demonstrating each competence are discussed. Included in the remaining eight sections are the following materials: 65-page glossary adapted from materials used in Small Business Administration (SBA) workshops; list of 29 printed resources organized by the 21 PACE topics; 15-page list of recommended audiocassettes and videocassettes; annotated lists of business software, business/professional periodicals, and resources for small business development and enhancement; detailed information on SBA services and programs (including the SBA Small Business Directory, On-Line System, Office of Advocacy); and description of the Resolution Trust Corporation's investor program. (MN)