What You Need To Know About Entrepreneur Skills
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 is evident in several available literatures written by scholars on the topic matter but a closer 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 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's absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's no doubt as explained, entrepreneurial competence play important role in 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 an ever-growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.
Although, entrepreneurship, have played as well as can play more of these positive roles, just isn't a very easy vocation as it isn't going to always guarantee a hundred per cent triumph. You will find several critical areas of knowledge and factors that has to be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing 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 tend to 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 several developed and developing countries of the world throughout simply click the up coming website 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.