The Entrepreneurship Model in the Competency Model Clearinghouse: National Entrepreneurship Month

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National Entrepreneurship Month is November, it is a time when the spirit of innovation and enterprise takes center stage in our communities across the nation.

The Department of Labor has released an updated Entrepreneurship Competency Model, providing a comprehensive framework from experienced entrepreneurial experts designed to help job seekers, employers, and educators understand the skills needed to succeed in the workplace and plan their training and development activities accordingly.

The Entrepreneurship Competency Modelis critical because it identifies the soft skills and foundational competencies, as well as the technical knowledge, skill, and abilities needed by prospective and practicing entrepreneurs.

This competency model results from the collaborative efforts of champions from various organizations, including DOL’s Employment and Training Administration (ETA), EntreEd: The National Consortium for Entrepreneurship Education, MBA Research, and experts in the field of entrepreneurship education and practice. The collaborators have demonstrated a commitment to creating a more competitive, skilled, and productive workforce.

The newly updated Entrepreneurship Competency Model is a significant step forward for the entrepreneurship industry and a testament to the power of collaboration and partnership in workforce development. We encourage all stakeholders to embrace this new model and leverage it to create a more skilled and competitive workforce.

An instructional video is available to walk viewers through a step-by-step process for how to navigate the competency model website, related career planning resources and tools, and highlights related career planning sites. Check out the video and other Competency Model Career Planning Resources.

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Content Details

Topics:

Competency Models Credentials Industry Skill Standards Knowledge, Skills & Abilities (KSAs)

Target Populations:

Entrepreneurs/Self-employed Employers - Small Businesses

Programs:

Non-Program Specific

Geographic Locations:

National Scope

Industry Sectors:

Cross-Industry

Last Updated:
Created:
Posted by: Damon Jones
Posted in: LMI Central