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The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial growth as well as development 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 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 necessary 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 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 within 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 Small and medium 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 can play more of these positive roles, is not an easy vocation as it does not always guarantee a hundred per cent triumph. There are 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 contributing 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  [http://onlinecourses.fu.edu.sd/profile/adamhayworth leadership] entrepreneurship success tend to unquestionably argue that most entrepreneurial fiascos are essentially due to inadequate monetary 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 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.