Day: September 1, 2020


6 min read

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I landed my first sales job in 2001. At that time, I spent the workday in my car, calling on both existing clients and prospects. I was taught to seek out new clients and I wasn’t particular about what businesses I approached. My “sales kit” included

The Inside the Mind of the CEO interview series explores a wide range of critical decisions faced by chief executives around the world. For more insight, see PwC’s CEO Survey.

When Obi Ozor was a college student in Michigan a decade ago, he made extra money by exporting consumer goods to Nigeria, his home country. After transferring to the Wharton School to finish his studies, Ozor worked for JPMorgan before returning to Nigeria, where he had a stint at Uber. But he remembered the challenges he had faced in sending diapers and soap to Africa, which became a key reason he founded Kobo360, a logistics company headquartered in Lagos, in 2017, after he moved back. His work experiences allowed him to see and understand the need for a data-driven service to move goods efficiently and securely.

Kobo360 uses an Uber-like model for trucks, connecting fleets and independent drivers with


Over 1,700 sub-investment grade mid-size companies (those with turnover of Rs 300-1,500 crore) will need debt restructuring to withstand the Covid-19 onslaught, said Ratings on Monday.


A total of 1,754 sub-investment grade firms (BB+ or lower) and 589 investment grade entities (BBB- and above) had opted for moratorium on repayment of dues during March-August 2020. The average debt size of these companies in CRISIL’s rated portfolio, excluding outliers, is around Rs 25-30 crore.


Five sectors — power, gems and jewellery, packaging, hotels, auto component and auto dealers — accounted for over 99 per cent of firms that opted for a moratorium.


ALSO READ: First economic contraction in 4 decades: India GDP shrinks 23.9% in Q1FY21



Sub-investment grade companies were grappling with a slowing economy even before the pandemic hit. The moratorium, announced by the Reserve Bank of India (RBI)


Capital regulator on Monday imposed a total of Rs 4 lakh on four entities for disclosure lapses in the matter of SRK Industries Ltd.


In four separate orders, a of Rs 1 lakh each has been levied by the regulator on Geeta Narayanan, Birendra Kumar Jain, Island Media and Entertainment Pvt Ltd and Maxgain Advisory Pvt Ltd.



Securities and Exchange Board of India (Sebi) had conducted an investigation in the matter of trading in SRK Industries’ shares by its promoters for the period of March 2010 to December 2014.


It was found that the entities had failed to make complete disclosures required under PIT (prohibition of insider trading) norms for becoming the promoters of SRK, due to a scheme of arrangement approved by High Court of Bombay and High Court of Madras for the merger