"Not being afraid of the risks associated with business and relying on one's capabilities to successfully manage these". Identify the entrepreneurial competency highlighted in the aforesaid statement.

Option 1: Assertiveness -> Refers to the ability to express opinions confidently and stand firm on decisions, but doesn't specifically relate to handling risks or belief in one's capabilities. Option 2: Persistence -> Involves continuing efforts despite obstacles and setbacks, focusing on determination rather than confidence in managing risks. Option 3: Self-confidence -> Reflects belief in one's own abilities and judgment to handle challenges, directly relating to not fearing risks and trusting one's capabilities. Option 4: Systematic Planning -> Involves organizing tasks and creating structured approaches, which is about methodology rather than confidence in risk management. Hence, Option 3: Self-confidence -> The statement explicitly mentions "not being afraid of risks" and "relying on one's capabilities," which are core indicators of self-confidence. This entrepreneurial competency involves having faith in one's abilities to successfully navigate and manage business uncertainties and challenges -> correct