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The article considers the problem of entrepreneurial competencies and satisfaction of company achievements among small business managers. 47 owners of small companies were assessed with a tool ASTRA-MANAGER, designed for assessing entrepreneurial competences and subjective satisfaction of company achievements scale. Following research gives the answer how much subjective entrepreneurs' evaluation of success, which is considered as a satisfaction of achievements of business, relies on entrepreneurs' level of competencies. Research findings also show the role of social and demographic variables in the subjective satisfaction and in the entrepreneurs' level of competencies.
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