September 9, 2020

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Convincing buyers to open their purse strings for your product is the goal of any . To that end, many entrepreneurs spend their early years obsessed with their product, working to ensure nothing on the market compares. Regardless of intent, spending the bulk of your energy on the product is a dangerous mistake. 

A savvy entrepreneur should always focus on the number-one part of any business — customers

Related: Why Customer-centricity Wins Out Every Time

Although most entrepreneurs think they are in love with their customers, too many are actually in love with their product. If you dream of running a successful business that delights its buyers, ask yourself these four questions to know if you’re really head-over-heels for your clientele. 

Do I give my customers a voice?

The best companies are obsessed with

Bureaucracy provides the structure and support new ideas need to take hold in large organizations. But once an idea is successfully implemented, the same bureaucracy can become the agent of its ossification. What’s a leader to do?…

Restrictions on opening of markets in the past five months have caused a loss of about Rs 5,000 crore in Noida, the NCR unit of the Confederation of All India Traders (CAIT) said on Tuesday.

The has hailed the Uttar Pradesh government’s order to lift Sunday restrictions on markets, saying the move will help restore normalcy and boost slumping trade.

Restrictions were imposed on opening of markets across the state since the outbreak of COVID-19 in March, with a complete lockdown till July that followed graded opening of shops and commercial spaces with curtailed timings and certain curbs.

However, the state government on Tuesday revoked its order of mandatory closure of markets on Sunday, reverting to the pre-coronavirus lockdown arrangement.

“We welcome the UP government’s decision of lifting the lockdown and allowing the markets to function

An oil trade that only works when the market is glutted may be about to make a comeback. That’s bad for producers withholding near-record amounts of crude in a coordinated bid to help prop up prices. Crude futures in London, on Tuesday, fell below $40 a barrel for the first time since June 25. Brent crude was trading at $39.73 per barrel, down 5.43 per cent at 7.47 pm IST.

The combination of a stalling Asian demand recovery, the end of the US summer driving season, and increased supply from the Opec+ alliance are signaling a bleak short-term outlook for The global Brent crude benchmark is currently trading quite deeply in a bearish pattern known contango, where the most immediate prices are far below those for contracts for supply in later months. The discount has gotten so big that it appears to cover