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The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic growth as well as development of a country cannot be over emphasized. This really is evident in several available literatures written by scholars on the subject matter but a closer examination 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 required for successful entrepreneurship, business success and of course national development. The subject 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 monetary resources can. There's no doubt as explained, entrepreneurial competence play important role in any successful entrepreneurial activities.<br><br>Increasing competitions, rapid and constant changes in internal and external environment of business activities, as well as the significant influence of Medium and small Scale Enterprises (SMEs) on [http://cifam.upr.edu.cu/index.php/index/user/viewPublicProfile/30425 click the next page] economy generally have resulted in an expanding interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.<br><br>However, entrepreneurship, have played and can also play more of these positive roles, isn't a very easy vocation as it does not always guarantee a hundred per cent triumph. You can find 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.<br><br>Several researches happen to be conducted in areas of entrepreneurship competency, entrepreneurship success and national development.<br><br>Most literatures relating to entrepreneurship and entrepreneurship success often unquestionably argue that most entrepreneurial fiascos are essentially due to inadequate monetary 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 through the establishment of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.