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The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial development and growth of a country can't be over emphasized. This really is evident in several available literatures written 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 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 monetary resources can. There is absolutely no doubt as explained, entrepreneurial competence play crucial role in 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 ever-growing interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.

Even though, entrepreneurship, have played and will play more of these positive roles, just isn't an easy vocation as it won't always guarantee a hundred per cent triumph. You will discover several critical areas of knowledge and factors that has to be acquired and put in area to enable entrepreneurs achieve a measure of business success and consequently leading to national development.

Several researches happen to be 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 financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have undoubtedly influenced government policy direction in lots of developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources go to this website business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.
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