State the competencies an entrepreneur should have in sensing the opportunity?

An entrepreneur should have the:

• Ability to sense and evaluate the enterprise opportunity.
• Ability to assess the strength of the opportunity.
• Ability to distinguish between the real and the perceived value of the opportunity.
• Ability to see the risks and their returns.
• Ability to have personal skills and goal in the context of the opportunity.
• Ability to estimate the differential advantage of the enterprise in a competitive environment.