Abstract: It is crucial and very difficult to entrepreneur through appropriate evaluation in accordance to the competence or ability capital requirements of a clever entrepreneur. To achieve the goal, relevant literature was analyzed to form several constituent factors as a theoretical framework for the evaluation/selection of the entrepreneurs. A verifiable factor analysis was done via 268 efficient questionnaires to provide a 4-factor evaluation system for entrepreneur's competence/qualification, of which the goodness of fit of the theoretical model based on structural equation is high for the actually surveyed data. The results revealed that the competence/qualification of an entrepreneur in selection/evaluation comprises 4 basic factors including 32 items in detail, i.e., knowledge, intelligence, quality and health.