Competence is an underlying characteristic of a person, which result in effective performance in a job. i.e., competencies - to mean abilities and skills. Educational qualifications, experience, communication skills, self-confidence, patience, social skills, artistic ability. Competencies equip you with the knowledge of how to do (‘know-how’) of entrepreneurial behaviour.
Every career draws on the competencies of an individual. Some of these competencies may be general and some peculiar to the chosen career. For a teacher or a performing artist, for example, it is the skill to communicate that plays a decisive role in their effectiveness besides, of course, their knowledge. For a craftsman or an artist, it is the creativity and skill in the chosen craft.