Building a successful business goes beyond having a great idea — it demands a rich and diverse set of talents that entrepreneurs must consciously develop throughout their professional journey. This paper explores the core competencies that underpin entrepreneurial success, organizing them into four interconnected categories: hard skills, encompassing technical and business management capabilities; and three dimensions of soft skills — personal and psychological traits, cognitive and creative abilities, and social and interpersonal skills. Drawing on an extensive review of entrepreneurship literature, the study highlights that neither business knowledge alone nor personality traits in isolation are sufficient for sustainable success. Rather, it is the deliberate integration of financial acumen, strategic thinking, resilience, creativity, leadership, and networking that enables entrepreneurs to navigate today's fast-changing business environment. The paper further underlines that these...
Author - Livia ILIE
Lucian Blaga University of Sibiu, Romania
The research delves into the intricacies of entrepreneurship in Romania within a socio-environment marked by swift changes and numerous uncertainties. Beginning with an assessment of the present state of Romanian entrepreneurship the primary obstacles confronted by domestic entrepreneurs are underscored, which consist of bureaucratic hurdles, limited availability of financial resources and instability, in the market. The investigation scrutinizes the tactics employed by entrepreneurs to adjust including embracing rapid digitalization, establishment of networks and fostering sustainability principles. In 2025s evolving landscape of opportunities lie chances waiting to be seized. A distinct section is dedicated to female entrepreneurship. Showcasing the rise of women engaging in entrepreneurial endeavors while addressing the unique challenges they face. The paper presents a view of Romanian entrepreneurial ecosystem by spotlighting its weaknesses and development potential in a...
