To jam and learn The Champs - Tequila chords, your primary focus should be mastering these chords sequence: G, C, F, Fm, F, C and Fm. For a smooth transition, initiate your practice at 45 BPM and gradually match the song's pace of 91 BPM. Given the song's key of Bb Major, adjust the capo to align with your vocal range and chord preference.