Ebook: Entrepreneurial Skills, Significant Differences between Serbian and German Entrepreneurs

An extensive literature review reveals various authors acknowledge skills have an
impact on entrepreneurial success. However, a lack of consensus regarding the main skills an
entrepreneur needs is apparent. In this study, a contribution is made to the debate with
empirical data and analysis. A sample of 394 potential entrepreneurs was administered the
SAT-ECENT questionnaire, testing four skills: readiness to change, learning capacity, impact
on people, and stress tolerance. The questionnaires were administered in Serbia (n = 190)
and in Germany (n = 204). In this paper, evidence about two main issues is presented:
entrepreneurial skills vary significantly across countries, and the skill tolerance to stress plays
an important role in explaining the variance in the development of entrepreneurial skills in
the two countries. Discussion is focused on the research implications and relevance of the
findings as well as the practical implications for entrepreneurship-promotion programs