Building a Sellable Business: 10 Things Often Overlooked

The critical position occupied by entrepreneurship as a sustainable software for quick financial growth and growth of a nation cannot be around emphasized. This really is evident in many available literatures published by scholars on the subject subject but a deeper examination of those literatures show tilted emphasis and levels on some common areas associated with entrepreneurship.

Raising tournaments, rapid and constant improvements in internal and outside atmosphere of organization activities, and the substantial effect of Small and Medium Degree Enterprises (SMEs) on the economy usually have triggered a growing curiosity about understanding the role of facets stirring effective entrepreneurship, organization accomplishment and national development.

However, entrepreneurship, have performed and can enjoy more of those positive tasks, is no easy vocation as it generally does not generally guarantee one Business hundred per cent triumph. There are many important areas of information and factors that must definitely be acquired and put set up to enable entrepreneurs achieve a measure of company accomplishment and therefore adding to national development.

A few researches have already been conducted in regions of entrepreneurship competency, entrepreneurship accomplishment and national development.

Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably fight that a lot of entrepreneurial fiascos are basically due to insufficient financial methods (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt affected government plan direction in many developed and developing places of the planet through the creation of economic agencies and provision of economic methods to organization units for the only purpose of improving and sustaining entrepreneurial progress for rapid national development.

The above, plan strategy unfortunately has led to the continuous negligence on the the main government, scholars and business operators in these countries to considering other crucial facets like entrepreneurial competency which equally plays a part in successful entrepreneurship, company achievement and national development.

The current literatures about them do not provide ample explanations to the position common and/or certain competences perform in effective entrepreneurship, company accomplishment and national development. It has therefore, built the relationship between entrepreneurial competence and entrepreneurship achievement to be essential subject within organizational literatures. The aforementioned simple truth is evident in a number of available studies done by scholars about them matter (e.g Crook, Todd, Combs, Woehr, and Ketchen, 2011; Mitchelmore and Rowley, 2010; Inyang and Enuoh, 2009; Laguna, Wiechetek, and Talik, 2013 e.t.c).

A number of these reports determined entrepreneurship competences like communication competence, financial competence, marketing competence, organization integrity competence, cultural duty competence, decision-making competence and authority competence as catalysts to entrepreneurship achievement and national development. We shall be duelling on our debate more on these entrepreneurial competences to observe how they independently subscribe to successful entrepreneurship, company achievement and national development.

As claimed earlier at the start, entrepreneurship and entrepreneurship achievement enjoy strategic jobs in economic growth, financial change and growth of the society. These functions are visible in the amounts of jobs made, the amount of wealth created and the charge of indigenous entrepreneurship offered in many places around the world.

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