If you are considering becoming an online entrepreneur, first and foremost know that you will be in a leadership position. Domino’s positioned menu innovation in the forefront to increase its international awareness and interest. They have consistent items for the pizza in all markets like their sauce, bread, and cheese, where it works anywhere. The entrepreneurs work with a vision to change the world. They hire skilled employees and receive funding business plan from venture capitalists. Investors invest in their business if the idea is out of the box. Most of them are technology-based and aim for big profits. Facebook and Instagram fall under this category. The following are some of the necessary entrepreneurial competences required for successful entrepreneurship and rapid national development. We shall be discussing below 8 of the basic essential entrepreneurial competence for successful business.