Towards Creating an Entrepreneur Competencies Model

Small and medium-sized enterprises play an important role in developing the economies of nations as literature reveals. Through literature review and SME input, the researchers were able to identify several competencies that contribute to achieving Entrepreneurs Success. The statistical results show two most significant competency groups impacting the Entrepreneurial success: Human Relations Competencies affecting three distinct success dimensions: Ability to attract outside capital, Growth in Revenues and Growth in Customer Base. While the second was the Business and Management Competencies affecting three distinct success parameters: Ability to attract outside capital, Growth in Revenues and Providing Value Added Product or Service towards Creating an Entrepreneur Competencies Model.