Zebra Power BI – Transforming Complex Data into Actionable Insights

Frankly, many internet users that I notice by far from the queries of my Google Search Console are searching and wondering at the same time about whether the so-called Power BI is part of an ERP system. Well, the answer to that I’m afraid is NO!. However, Power Business Intelligence (BI) can be the ultimate tool for businesses to make better decisions. From a glimpse of technical perspectives, Enterprise Resource Planning (ERP) is a system that manages business processes and data, while Power BI on the other hand is the business intelligence (BI) tool that "analyzes and visualizes data".

Obviously, the ERP system has its own software that integrates various business processes, such as accounting, manufacturing, inventory, procurement and sales into a single database. As it collects, stores, manages data related to business activities, and eliminates data silos – the ERP system also helps companies to manage their operations more efficiently and reduce costs by streamlining their workflows.

However, as these companies "grow in size", so does "the amount of their data" collected. Because of this, many companies nowadays prefer to invest in Power Business Intelligence (BI) so that their employees will no longer need to extract data manually, load it into a spreadsheet and then manipulate it to create reports or charts where the process is time-consuming, prone to errors, and may lead to delays in using critical information.

In a nutshell, the so-called Power Business Intelligence (BI) is technically a collection of software services, apps, and connectors that work together to turn your massive amount of data into "coherent, visually immersive, and interactive insights".

Furthermore, Enterprise Resource Planning (ERP) and Business Intelligence (BI) are complementary technologies that work together to enhance the value of business data. By simultaneously combining ERP and BI systems, businesses can leverage the benefits of both systems and gain complete visibility of their organization.

Due to the fact that the major benefit of bringing ERP and BI together is focusing on the centralization of data, therefore, this in turn will provide a single version of truth since all the corporate data is aggregated into a central repository, which in this case it will help those businesses increase their agility, improve their oversight, and achieve their goals. Bottom line, when Business Intelligence (BI) is integrated into ERP systems, companies will have more profound insights into their data, workflow processes, and operations optimization.

 

WHAT IS ZEBRA POWER BI? AND WHY YOU REALLY SHOULD CONSIDER USING THE PLATFORM?

In the ever-evolving landscape of business technology, having a robust ERP system as a business focal point is a significant advantage. However, to be able to truly utilize the power of your ERP system, integrating it with Power BI is essential since an ERP with Power BI transforms the way you interact with your data, providing a level of insight and especially, the clarity that standard ERP reporting often lacks.

As mentioned at the beginning of this article, ERP with Power BI integration allows businesses to move beyond traditional data reporting. With an ERP with Power BI integrated, you can make interactive dashboards that vividly show your data which makes it easier to see trends, find problems, and make smart decisions quickly. By using Power BI as a business central point, your company can watch important metrics as well as performance indicators as they happen. This, as a consequence, will guarantee you that you always have the most up-to-date information.

Speaking of what Zebra Power BI is all about, the software is designed for a data visualization tool that can help businesses create reports, analyze data, and present information faster. What’s more, the tool itself is specifically designed to be easy to use, flexible, and powerful. If you are looking for more advanced Power BI visualizations, then it is highly recommended to look no further than Zebra Power BI. Their visuals are officially Microsoft-certified and offer powerful features that make reports and dashboards understandable and actionable.

Many giant corporations such as "Disney, Intel, DHL, and Bayern" have been harnessing Zebra Power BI as their go-to-solution preference for their ERP system. With an extremely powerful analytics tool that they have for connecting, accumulating, and modeling data from endless sources, Zebra Power BI visuals have become the world's first IBCS-certified visuals which bring standardization and clear communication to an organization.

Overall, this platform offers numerous advantages over other data visualization tools, such as it enhances data analysis and visualization capabilities better by enabling extra features like charts with more dimensions, segmented tables with customized table segments, column highlighting in tables and charts, pricing calculations, and so forth.

Link sign up: https://tinyurl.com/zebrabi7376

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Business Marketing Analytics – Windsor AI

Data blending is a process of combining data from multiple data sources into a single dataset within a report. In the context of marketing field, improving marketing "Return on Investment" (ROI) requires tracking ad campaigns and identifying trends. However, to execute it accurately can in fact be challenging since you need to consolidate the data in one place to get insights. Fortunately, there is a business marketing analytics that can solve this issue which appears to be reliable for automating and optimizing ad marketing campaigns.

To start off with this article, Windsor AI is an automated marketing reporting tool that allows marketers and data analysts to integrate all their analytics, CRM, and marketing data from more than 50 platforms. Founded in 2017, Windsor AI provides its users an opportunity to make data-driven decisions which are gathered from the different parts of customer journey.

As it brings together the offline and online customer journey for users to get an overview of their marketing investments and determine where they are getting the best returns, some of its key capabilities include optimizing keywords, managing marketing performance, and optimizing Google Ads. In this case, the users do not just automate the marketing data they are working with, but they can also connect it with each other as well by looking at their customer journeys and point out to where they get their most return on investment (ROI).

Bottom line, Windsor AI allows them to see both their paid campaigns and organic audience engagement in one central location by merging or blending their data for more efficient reporting and decision-making processes.

 

WHAT ARE THE BEFENITS OF USING WINDSOR AI?

Optimizing marketing budgets with data-driven attribution insights is the key feature embedded in case if you are interested in planning to use this analytics tool. As it provides organizations with actionable insights that drive cost savings and operational efficiency, there are also other benefits of utilizing the software, such as:

1. Streamline your reporting process. It can automatically eliminate the need for manual data transfer – enabling you to set up integrations once and enjoy automatic dashboard updates at your desired frequency.

2. Marketing Data Optimization. Marketers and advertisers can take all the marketing data they have on hand and optimize the resources used in each step of their customer journey. With its marketing attribution software, Windsor AI can come up with insights on how to better use the resources the business has in place.

3. Huge Data Integrations. When talking about any marketing reporting tool, you are obviously interested in the data integrations it has. Simply put, the more the tool has, the more convenient for you. In the case of Windsor AI’s robust features, it has more than 50 data integrations which should be more than adequate enough if you are a digital marketing professional looking for cross-channel marketing reports. Therefore, some of its integrations are such as "Salesforce., Google Ads, Facebook Ads, Linkedin Ads, Google Analytics, X Ads (formerly known as Twitter), Tik-Tok Ads, Snapchat Ads, and other 40+ integrations" which you can employ for your data reporting.

4. Higher Return on Investment (ROI). Once a fuller and more complete picture of the customer journey is achieved, it is much easier now for the Windsor AI’s users to see the inputs and outputs as well as the effects of the marketing campaigns they launched. Needless to say, the software offers a comprehensive overview of their marketing campaigns; allowing them to better optimize and improve their return on advertising spent with the help of automated data transfers.

Link sign up: https://tinyurl.com/windsorai7376

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Stock Market Analytics – TradingView

Any retail investor, financial professional, or investment firm can engage in trading. And of course, the ultimate goal of any trade occurred is to buy stocks at a lower price and wait for the right time to sell them at a higher price. When you want to trade in the stock market, you may approach a financial advisor or open a Demat account online to handle it yourself. No matter how you place the buy or sell order, every trade on the stock exchange is now handled digitally.

Obviously, there are plenty of online trading tools which you can search on the internet. However, one particular trading platform that stands unrivalled among its competitors for many years is none other than TradingView. Launched in 2011 by visionary trio Stan Bokov, Denis Globa and Constantin Ivanov, TradingView over the years has garnered an esteemed reputation as a comprehensive charting and social networking solution for the financial community.

With a myriad of advanced features and interactive tools, the platform accommodates traders of all skill levels and its users have access to a vast range of technical analysis indicators, drawing tools, and customizable charts. Bottom line, TradingView facilitates global market data coverage ensuring that traders have real-time information at their fingertips.

WHAT IS TRADINGVIEW? WHAT MAKES IT MORE POWERFUL THAN OTHER TRADING PLATFORMS?

Technically, TradingView is a widely used platform that holds significance for traders, investors, and financial enthusiasts. Its importance lies in providing a robust set of tools and resources for analyzing financial markets, sharing insights, and making informed decisions in the world of trading and investing.

As a powerful financial platform, it equips traders with an extensive range of exclusive TradingView tools and features designed to support market analysis and informed decision-making. What’s more, TradingView serves as a comprehensive tool offering real-time charts, technical analysis tools, and a community-driven environment for sharing trading ideas. In this case, the platform allows users to visualize market data, conduct in-depth technical analysis using a wide range of indicators and drawing tools, and create custom watch lists to monitor multiple financial instruments simultaneously.

Furthermore, one of the key features of TradingView is the social networking aspect enabling users to interact, share trading strategies, and collaborate within a vast community of traders, analysts, and investors. This network in addition facilitates discussions, idea sharing, and the ability to follow and learn from experienced traders.

Not only that, however, another significant feature of using the platform is the so-called "TradingView Live", which supports a vast array of financial instruments ranging from stocks, crypto currencies, forex, commodities market to indices; offering users the flexibility to analyze and track multiple markets on a single platform.

Meanwhile, TradingView has established itself as a comprehensive platform for traders and investors from all walks of life. With its extensive range of charting TradingView tools, technical indicators as well as TradingView Live features, the platform's versatility in offering advanced charts, detailed technical analysis, and extensive market data coverage makes it a one-stop solution for various types of traders including those dealing in stocks, commodities, forex, and other instruments.

Overall, TradingView has by far emerged as a game-changer in the realm of stock market that provides traders with a collaborative platform for analysis and direct trading integration with brokerage firms, aside from its robust tools, social networking and accessibility which empower various market participants with comprehensive insights for informed decision-making in the dynamic world of financial markets.

Link sign up: https://tinyurl.com/tradingview7376

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Real Estate Analytics – DealCheck

As the real estate market continues to evolve and become more competitive, it is becoming increasingly important for agents to leverage technology to stay ahead. One platform that I notice and is gaining popularity in the real estate industry until now is none other than DealCheck.

WHAT IS DEALCHECK?

To start off, DealCheck is an online platform that helps real estate agents, investors, and stakeholders analyze and evaluate potential real estate investments. As it provides users with tools to estimate cash flow, calculate returns, and perform other crucial analysis functions, this real estate analytics has a vast array of features that make it an invaluable tool for real estate professionals and anyone who wants to buy or sell homes, such as:

1. Property Analysis: This feature allows users to quickly and easily analyze any potential real estate investment. Users can input the property's purchase price, estimated rehab costs, and other details thus DealCheck will calculate the estimated cash flow, cap rate, and other important metrics.

2. Financing Analysis: The financing analysis feature provides users with an overview of financing options available for a potential investment. Users can input the down payment, loan amount, and interest rate hence DealCheck will generate an estimate of the monthly payment and interest rate.

3. Portfolio Management: The portfolio management feature allows users to keep track of all their real estate investments in one place. Users can track their properties' performance, see upcoming lease renewals, and generate reports.

4. Investment Reports: The investment reports feature allows users to generate professional-grade reports for potential investors. Users can choose from a range of templates and customize them with their own branding.

Historically, DealCheck was founded by Anton Ivanov in 2015 when he noticed that most investors were using inaccurate or outdated spreadsheets and software to analyze investment properties. The existing tools in reference to his past observations were inflexible, difficult to use and often cost hundreds or thousands of dollars.

What’s more, none of those spreadsheets and software offered a cloud-based analysis platform that could be used on any device. Since then, the company has focused on building a property analysis platform that is quick and easy to use, but offers powerful features at the same time for more experienced investors.

In short, DealCheck, as of today, is used by over three hundred fifty thousand real estate investors, agents, brokers and wholesalers to analyze a wide range of investment properties all around the world.

WHAT ARE THE BENEFITS OF UTILIZING DEALCHECK?

Obviously, there are some benefits of employing this real estate analytics tool for real estate agents and stakeholders:

1. Save Time: With DealCheck, real estate agents can quickly and easily analyze potential investments, saving valuable time that can be used to focus on other aspects of the business.

2. Accurate Analysis: DealCheck uses advanced algorithms to generate accurate estimates of cash flow, cap rate, and other important metrics. This makes it easier for real estate agents to make informed decisions about potential investments.

3. Professional Reports: With DealCheck's investment report feature, real estate agents can generate professional-grade reports that can be shared with potential investors. This can help agents close deals faster and more efficiently.

4. Portfolio Management: The DealCheck's portfolio management feature makes it easier for real estate agents to keep track of all their investments in one place. This can help agents stay organized and focused on their clients' needs.

Link sign up: https://tinyurl.com/dealcheck7376

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INTRODUCTION TO ENTREPRENEURSHIP

Often, we tend to witness vividly these situations where for example, we look at a person or a group of people spending their money to purchase items or goods and have them displayed inside every corner of their stores, or someone who procure raw materials and process them into finished goods until they are distributed to various places, or perhaps a certain number of individuals who have been running their business services and waiting for potential customers who may inquire some information regarding the types of services that they offer.

Then, in a certain period of working hours (for example, let say in the afternoon), they begin to count the amount of their earnings and expenses incurred to point where they attempt to calculate their amount of profitability and loss. Assuming that if the money generated appears to be greater than it is spent, it is referred to earning the business profitability. However, if it is in the opposite side, it is called having the business loss.

Generally speaking, we can notice that the above activities are very common to take place in any business transactions. However, if we get to explore and examine them carefully, those activities in fact implement certain particular skills such as time-management, selecting raw materials, and rendering goods to consumers.

Thus, it is clear that business activities run are expected to be well carried out in processing, packaging, and creating a product which is demanded by societies. Needless to say, it is referred to the way of how capable of a business entrepreneur in reading the desires, the needs, and the preferences of potential customers.

Moreover, when we look at business owners in a broader scale, we may notice that they also appear to be having a knack for discharging duties and giving orders to their employees by outlining tasks and responsibilities. With that being said, the employees in that case must be obliged to run the command rendered by their owners. Such an expertise in carrying out activities without feeling awkward, terrified, or even ashamed are considered to be an everyday menu to entrepreneurs.

In performing entrepreneurial activities, for instance, they do not require to wait for orders, but rather than instructing their subordinates to execute a business transaction. And they do this merely on the basis of either from their own experience, or learning from the experience of others.

So from there, it is obvious enough that an entrepreneur is practically a risk-taker or a person who dares to take risks through the creation of a certain business activity in various occasions. In other words, to have a certain degree of courage to be a risk taker means that being autonomous in terms of mind-set and the person must be capable of initiating his or her business without being overwhelmed by fear, anxiety, and the conditions of uncertainty.

Finally, the typical examples of entrepreneurial activities can either be done alone or in groups, where the aim is to attempt seeking, leveraging, and creating business opportunities which can provide greater benefits. The risk of incurring loss is not uncommon in a business world because it holds the principle of fundamental entrepreneurship, in which there must be a loss factor in order to generate revenues.

Regardless of this given circumstance, there is not a single term that seems to be fit to alternatively describe a loss factor, notably the minute when a person runs a business with courage and thorough considerations. After all, it is all the above facets which are literally viewed as the spirit of being an entrepreneur.

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KEY BENEFITS OF ENTREPRENEURSHIP

So far, there have been multiple studies which demonstrate several indications that the small-medium entrepreneurs possess a tendency to work harder and are far more satisfied than those working in large corporations. Prior to the establishment of one's business venture, for instance, every aspiring individual who is keen to become an entrepreneur must consider what could be the key benefits of having a sole business proprietorship.

Hence, the following list will address some of the key benefits pertaining to entrepreneurial aspects.

 

1. Gaining the sheer opportunity and complete freedom to control one's destiny. When we run our own business, it will provide us the freedom and opportunities to reach the goal of our lives. Being as a businessman, we will try to triumph our lives and enable ourselves to take an advantage of our own welfare.

 

2. Providing the opportunities of possible changes. Many entrepreneurs who start a business are normally driven by a certain ambition that they can seize any opportunities to make any possible changes that they think are very crucial. Besides, such changes can be simply as providing a decent life to our family, or setting up a recycling waste program to conserve scarce natural resources. In today’s era, for instance, many businessmen have now discovered an instrument to combine the manifestation of their particular concern over the social and economic problems; hoping that they will have a better life in the next several years ahead.

 

3. Having the opportunity to attain the maximum of social benefits. Although money is probably not the main attraction for most entrepreneurs at an early stage, however, the key benefits of entrepreneurship is very important as part of the determining factor in order to establish one’s business. In some cases, there are entrepreneurs who do not want to become wealthy, but rather than aiming to become successful. For example, nearly 75% of business pioneers whose names listed among the world’s wealthiest people according to Forbes magazine are the first generation of entrepreneurs. To some extent, the results from a study conducted by Thomas Stanley and William Danko stating that most of the entrepreneurs in United States are the two thirds of the millionaires which in this case, "the people who work or having their own companies are likely to be wealthier than those who work for others".

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GENERAL TRAITS OF BEING AN ENTREPRENEUR

If we are keen to be the true employer for ourselves and do our own business activities entirely, we must have at least some qualifications to be eligibly called an entrepreneur. The term so-called an entrepreneur, in theory, is essentially referred to someone or an individual who possesses the ability to organize and direct a series of business endeavours. Surprisingly, there are those individuals who were born and gifted naturally with entrepreneurial aptitudes; be it when they were still in their secondary high schools or in universities.

Actually, our first-hand experience (first attempt to run a business) is significantly important to polish our managerial skills because it helps us train our tenacity. In fact, we can either learn from a handful number of entrepreneurs who have been successful and look up to them as our role-models.

Similarly, we can also follow the pattern of their successful footprints which they have achieved through their business ups and downs. In any case, when it comes to the characteristics of being an entrepreneur, we can delve into the qualities or personal traits owned by any successful entrepreneurs by looking at the below descriptions:

1. A person who excels higher. Being an entrepreneur demands high achievement, as it is necessary to work closely with professionals and partnering with a certain number of particular experts, especially when solving or tackling the problems. For each step, being as an entrepreneur must be able to stipulate a business vision and mission.

 

2. A Risk Taker. Being an entrepreneur should not be afraid of any risks. If possible, we should consider confronting medium risks and avoid the kind of high ones. If we want to become an entrepreneur, such a high level of achievement could possibly be accomplished as long as if we are willing enough to take risks toward the pursuit of our own goals and future ambitions.

3. Trouble Shooter. An entrepreneur must be good at identifying and resolving any dilemmas, both effectively and efficiently.

4. Highly energetic. As an entrepreneur, a person must be healthy both physically and mentally. Besides, working excessively more than normal working hours and can do some ad-hock tasks sufficiently in a long span of period is regarded as being full of beans (highly energetic). Hence, this is something necessary because it is an entrepreneur the one who deals with time management alone.

5. Highly Confident and Less Emotional Attachment. Confidence and beliefs which most of the entrepreneurs have are the emotional skills, willingness, and ability that can handle life without heavily relying on others. Additionally, being an entrepreneur should be able to avoid things which can lead to the development of poor relationships (e.g. disharmony) with business partners, relatives, friends, and anyone else who may turn out to be an obstacle when running a business.

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SEVERAL ATTRIBUTES OF A SUCCESSFUL AND FAILED ENTREPRENEUR

The success and failure of being an entrepreneur in managing a business are not generally influenced merely by the amount of capital owned or the proximity of discretion, but also can be impacted by the nature of a business itself which can be managed by people who have specific entrepreneurial prowess as long as they know precisely what, why, and how the business should be run and executed in a profitable manner.

The amount of excessive capital and the proximity of discretion of facilities owned by an entrepreneur (particularly, if we look at from the standpoint of sole proprietorship), there is no guarantee to ensure a certain range of figures in which an entrepreneur’s efforts will always turn out to be successfully worked out in a long term.

Given the fact that in most developing countries whose many businesses seem to be in a larger scale because of their networking and the facility provisions which are thoroughly supported by the helm of their home country, those entrepreneurs who possess their businesses managed professionally by the running principles of modern managerial philosophies in contrast can be passed down from generation to generation.

Owing to this fact, we can also argue that there is no solid reassurance for an entrepreneur to succeed at driving a business who simply relies solely on the pre-existing entrepreneurial traits.

Furthermore, speaking of what causes an entrepreneur to fail is often experienced and arguably occurred due to having an inability to sustain a business either in the short and long term. Failure, by virtue of life experiences, often stems from the result of having incompetency to anticipate uncertainty.

Unfortunately, too many of us generally focus on questioning why some entrepreneurs end up being successful, instead of asking what are the mistakes they have committed and learnt hard from their failure.

Below here are several reasons behind why an entrepreneur seems to likely have failed in managing or thriving a business:

1. Lack of knowledge and managerial experience.

2. Poor financial management in a company where the owner is unable to separate between corporate and personal expenses.

3. Inadequate control of a business.

4. Terrible planning business expansion, for example, opening a new business venture outside one's competency or core businesses.

5. Not having the ability to draw up a specific business plan.

6. Lack of business management.

7. Limited access to banking facilities.

8. Limitations on the market aspects.

9. Lack of expertise in technology and information.

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GENERAL PRINCIPLES OF ENTREPRENEURSHIP

Perhaps, aspiring to become an entrepreneur may be a longing dream for most ordinary humans like us. And of course, we definitely prefer not to or would rather not to work as an employee for the rest of our lives. We certainly dream to have our own source of passive income where we can open and run our business venture so that we can obtain a sheer level of financial freedom.

And, through the establishment of our own sole entrepreneurship, we can be absolutely liberated from the typical permanent schedule of working hours at office along with our regular duties charged (especially, without being constantly pressured by a series of unrelenting orders from our superiors).

Actually, many people think that being an entrepreneur is the key answer to achieving success, particularly against the wave of economic crisis that hits almost every inch of our world; inflicting the economic downturn in many developing states. Perhaps, one of the best solutions to overcome the unforeseen economic crisis is none other than through the encouragement of establishing a sole business venture.

Having owned self-motivation to unlock a myriad of business opportunities through entrepreneurship is actually the starting point because everyone will have a chance to demonstrate their own entrepreneurial spirits. Therefore, in order to be able to capture business opportunities, an entrepreneur must understand a certain number of entrepreneurial principles such as:

1. Need to be optimistic.

2. Must be ambitious.

3. Able to read market opportunities.

4. Able to stay patient.

5. Never give up.

6. Never be afraid to experience failure.

Apart from that, there are also other business principles such as:

1. Not being fearful to experience failure. Many people argue that entrepreneurship is analogous or similar to the theory of a person tries to learn how to swim. Although this theory appears to be quite cliché, however, it is true that there is no point if a person fears of jumping into the water directly. With that being said, there is also a proverb which goes along with the theory saying, “Failure is the success which is delayed”.

2. Must be creative and innovative. Creativity and innovation are the main capital for entrepreneurs. Therefore, being an entrepreneur should never stop creating innovations in all aspects.

3. Thorough calculation in embracing potential risks. Risks are always and will always be there no matter what. Often, we tend to avoid such unprecedented risks, yet, we end up facing the other ones. However, any potential risks should be properly anticipated beforehand prior to deciding to do anything; especially in a business pattern which has a high degree of uncertainty.

4. Patience and perseverance. This could be more or less important in business, even in the face of dealing with various problems, trials obstacles. With patience, it will help us to understand well on how to solve unpleasant conflicts, so as to deal with them.

5. Always being optimistic. Having a sense of optimism is essential for entrepreneurs because the word optimism itself is a core principle which can motivate and drive their consciousness to do whatever task that can be done whatever issues they may confront.

6. Never surrender. Another unyielding principle is whenever we see our efforts go wasted as a consequence of failure; we should not be in despair easily.

7. Doing business with ethical standards. This is another key principle that every entrepreneur must uphold and apply universally. However, the issue in regards to this matter is whether the ethical standards put into practice in each country can be well recognized and adapted to the culture of a nation addressed. For example, in Indonesia, the country has the Consumer Protection Act which can be used as one of the handling tools to exercise the country’s business ethics.

8. Must be independent. The principle of self-reliance should be an absolute guidance in entrepreneurship. Self-sufficient in many ways, in fact, is the key aspect which we can avoid our dependency from other parties in connection to demonstrating our best efforts.

9. Act honestly. Honesty is the value which cannot be earned easily. Being truthful to suppliers, customers, and all the company's stakeholders is the basic principle and the most fundamental aspect that must be aligned holistically.

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PREPARING THE ENTREPRENEURIAL KNOWLEDGE AND KEY COMPETENCY

In theory, an entrepreneur is basically defined as someone who has a soul and the ability to create something creatively. In other words, being an entrepreneur possesses the ability to create something new and different through a product creation and innovation. It is simply the ability which is reflected when starting a business by doing something new; the will to seek opportunities, courageous or dare enough to take a risk, as well as being able to develop ideas and utilize other resources. Therefore, the willingness and the ability entailed pertaining to the preparatory entrepreneurial knowledge and key competency mainly covers several technical aspects, such as:

1. Generating a new product or service.

2. Creating a new added value on a new product or service.

3. Pioneering a new business venture.

4. Implementing an entrepreneurial adaptness.

5. Developing a newly organizational structure.

Aside from the above essential knowledge and key competency covered, the function of an entrepreneur when executing a business plan also has a certain number of particular roles, which are:

a. Designing the structure of a company’s organization.

b. Setting a company's strategy.

c. Pioneering the ideas.

d. Having a clearer vision to lead a company.

In addition, Bramstreet Business Credit Service in 1993 further elaborated that there were some significant miscellaneous aspects in which an entrepreneur must possess, such as:

1. Knowing our business model. We must equip ourselves with all the necessary knowledge related to what business we intend to execute and run. For example, to someone who decides to engage in the area of hospitality industry such as hotel, travel agency, tourism, and so forth – there is no doubt one should possess the specific knowledge, skills, and mechanism required in that field.

2. Knowing the basic management. Apparently, it is essential to know the core basics of managerial functions such as planning, organizing, and controlling which incorporates predicting, administering, as well as keeping business activities on track. Hence, knowing the basic functions of management means that we completely understand how to processes and oversee all the corporate resources both effectively and efficiently.

3. Having the proper attitudes. This is literally referred to having the right mind-set towards what a business does. Simply put, an entrepreneur should act as a trader, an industrialist, a businessman, or an executive who earnestly runs an organisation.

4. Having an adequate capital. Having a sufficient amount of capital does not only lie in terms of the tangible materials, but also in terms of moral aspects. In other words, trust and perseverance are the pivotal equity needed in a business because they are the key forces to effective implementation which covers time management, self-energy, and our mentality as an entrepreneur.

5. Managing a source of finance effectively and efficiently. To organise and manage corporate financial sources effectively and efficiently can be embodied through the searching of any available funding sources, so as to exploit them appropriately with solid control and accuracy.

6. Managing time efficiently. This can be done by being able to manage time as efficiently as possible through a series of activities such as organizing, calculating, and allocating the amount of unoccupied schedules as needed.

7. Managing human resources. This is simply referred to the ability of planning, organizing, directing, moving, and controlling our people who work for us.

8. Satisfying customers’ needs and wants through a high quality product. This is the ability to provide and deliver a customer’s satisfaction through the creation of high quality products.

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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.

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