LIST OF ENTREPRENEURIAL CHALLENGES

1^st CHALLENGE: E-COMMERCE

The phenomenon of utilizing internet in today’s era is very common for businesses in order to seek for the essential trading information, promotion, relations, or business contact globally. Although at an initial stage putting an investment is arguably risky (especially, when attempting to gain an access over those pivotal information needed), however, a company’s business process will eventually turn faster and also will be much easier to extract more relevant data. After all, businesses that apply the utilization of e-commerce through an internet is a business that appears to be technologically unique because it paves more ways for a company to be connected in liaising with other businesses effortlessly such as B2B (Business to Business), B2C (Business to Consumers), and so on.

2^nd CHALLENGE: B2B (BUSINESS TO BUSINESS)

In theory, B2B refers to a business activity carried out between vendor to vendor such as manufacturers to suppliers, producers to wholesalers, traders to agents. In this case, they can execute their business processes or commercial activities in the area of promotions, supply and demand of their products, questions and answers from their customers, for which all of these can be done regularly via internet.

Perhaps, when talking about one of the greatest inventions in the history of technological discoveries such as Google, we have to acknowledge that it is considered a ground-breaking online phenomenon for its services provided in extracting a myriad of information which has become part of our primary tool that we frequently use to explore whatever information we need. In fact, Google is not only viewed as being revolutionized in the area of information technology, but also it changes the order of doing businesses in many sectors ranging from media (e.g. Google News, YouTube, Google Video) to libraries (e.g. Google Books, Google Scholar).

Overall, everyone now has the same opportunity to be connected, informed, and in touch thanks to the development of an internet. Due to the fact that the internet and mobile communication technologies are changing so rapidly in the last couple of decades, hence, every employer is required to take an advantage of capturing business opportunities more openly, transparently, and quickly so that it will help them stay updated and efficient at performing their organisational activities.

3^RD CHALLENGE: B2C (BUSINESS TO CONSUMERS)

Aside from B2B, B2C (Business to Consumers) is also part of an e-commerce business activity, which is usually leveraged as the means of transactions to carry out buying and selling online; determining numbers of products in a market and streamlining the process of purchasing and selling goods. It is one of the B2C e-commerce models that appear to assist some businesses and consumers in the most convenient way; rendering any form of transactions electronically at anytime and anywhere. With that being said, B2C on an e-commerce basis has substantially altered a conventional method or the process of buying and selling goods. In any case, the following are some of the key services of B2C which are regularly put into practice:

a. Providing samples of a product to be sold along with other important information over an internet.

b. Facilitating goods transactions to be done via online.

c. Instant convenient payment that can be done electronically (e.g. debit card, credit card).

d. Faster delivery of shipping items.

e. Providing a variety of information about the latest products or services.

f. Wider information of sellers’ location and so forth.