The Pros And Cons Linked To Entrepreneur Qualities

The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic growth and development of a country can't be over emphasized. This really is evident in several available literatures written by scholars on the subject matter but a more in-depth examination of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.

In like manner, entrepreneurial competences are critical success factors necessary for successful entrepreneurship, business success and of-course national development. The topic thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There isn't any substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play important role within any successful entrepreneurial activities.

Increasing competitions, rapid and constant changes in internal and external environment of business activities, as well as the significant influence of Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in a growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.

However, entrepreneurship, have played and earlymodernconversions.com blog entry can play more of these positive roles, is not an easy vocation as it does not always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that must be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently leading to national development.

Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.

Most literatures relating to entrepreneurship and entrepreneurship success often unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate monetary resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have undoubtedly influenced government policy direction in many developed and developing countries of the world throughout the creation of financial agencies and provision of financial resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.