Business competence is really important. One way to display business competence is to realize that there are things you dont know and need to strive to know. Sometimes, you have to learn from experiences. Missed opportunities, and lots of mistakes. But being competent means that you learn from your mistakes and grow from there and strive to do things a little differently
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I agree. Admitting that you've made a mistake is extremely necessary, especially so that you don't alienate people from you, because if you look for culprits, you'll end up alone.
So, being competent is essential for business founders day he should strive to learn new things whether from his mistakes or from that of others. It could be making research. What matters is that he continues doing well in his business
Or course. The competences like any other skill can be learned by the experience. You don't just grow up with these skills, instead of that, you learn them in order to your own experience at the school, the family, the community.