Entrepreneur Skills Recommendations

The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial growth and development of a country can't be over emphasized. This is evident in several available literatures authored by scholars on the topic matter but a closer study of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.

In like manner, entrepreneurial competences are critical success factors required 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 is absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play crucial role within any successful entrepreneurial activities.

Increasing competitions, rapid and constant changes in internal and external environment of business activities, and the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in an expanding interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.

Even though, entrepreneurship, have played and may also play more of these positive roles, is not a simple vocation as it isn't going to always guarantee a hundred per cent triumph. You will discover 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 are already 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 as a result of inadequate monetary resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have without doubt influenced government policy direction in many developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources to business units for just click the up coming internet page sole purpose of boosting and sustaining entrepreneurial development for rapid national development.