The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial growth as well as development of a country cannot be over emphasized. This really 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 no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant monetary resources can. There's absolutely no doubt as explained, company management 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 Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.

Though, entrepreneurship, have played as well as can play more of these positive roles, isn't a simple 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 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 as a result of inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced government policy direction in lots of developed and developing countries of the world over the establishment 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.