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The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic development and growth of a country cannot be over emphasized. This is evident in several available literatures written by scholars on the subject matter but a more in-depth study of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.<br><br>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 is no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant monetary resources can. There isn't any doubt as explained, entrepreneurial competence play crucial role in almost any successful entrepreneurial activities.<br><br>Increasing competitions, rapid and constant changes in internal and external environment of business activities, and also 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.<br><br>However, entrepreneurship, have played and will play more of these positive roles, [https://insutecquevedo.edu.ec/members/oweneastman just click Insutecquevedo Edu] isn't an easy vocation as it will not always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that must be acquired and put in area to enable entrepreneurs achieve a measure of business success and consequently leading to national development.<br><br>Several researches are already conducted in areas of entrepreneurship competency, entrepreneurship success and national development.<br><br>Most literatures relating to entrepreneurship and entrepreneurship success tend to 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 undoubtedly influenced government policy direction in many developed and developing countries of the world through 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.