Monday, August 31, 2015
Top Entrepreneur News

Mon, 31 Aug 2015 21:30:00 -0500

Your elevator pitch summarizes what you're selling. Now summarize your achievements so people have the confidence to buy from you.

Mon, 31 Aug 2015 21:16:00 -0500

An analysis of ridesharing services and taxis tells how to get the most mileage for your money.

Mon, 31 Aug 2015 21:00:00 -0500

Not all family businesses grow into the success story that today is food manufacturer Cacique.

Mon, 31 Aug 2015 20:39:00 -0500

The beleaguered fast food company will be using real butter in McMuffins and other menu items cooked with biscuits and bagels.

Mon, 31 Aug 2015 20:30:00 -0500

Your fear of running across a busy highway is good. If you're afraid to seize an opportunity, that's a problem.

Mon, 31 Aug 2015 20:00:00 -0500

During times of economic slowdown, which includes the summer months, what you can do to keep your employee morale high and performance at its peak?

Mon, 31 Aug 2015 19:30:00 -0500

Marcus Teufel prepared for 10 years to be a McD's owner before taking a 180-degree turn.

Mon, 31 Aug 2015 19:15:00 -0500

As a leader, it's in your best interests to keep your employees healthy. Unfortunately, the glut of misinformation circulating on TV and the Internet makes it difficult to separate bunk from best practices.

Mon, 31 Aug 2015 19:00:00 -0500

Android has been the preferred OS until now, but heads up, small business: Here comes Microsoft.

Mon, 31 Aug 2015 18:30:00 -0500

In a business environment that no longer values brand loyalty, winning over long-term customers creates benefits that entrepreneurs should not undervalue.

Mon, 31 Aug 2015 18:15:00 -0500

Presenting at a conference in a different country can bring on a whole set of unique challenges. Make sure you are prepared for the unexpected.

Mon, 31 Aug 2015 18:00:00 -0500

Naturally, the more conversions your website produces, the more revenue your business is going to produce.

Mon, 31 Aug 2015 17:30:00 -0500

Keeping your job while starting your own business is a way of hedging your bets, but there are drawbacks.

Mon, 31 Aug 2015 17:15:00 -0500

Here are a few ways to inject your brand's mobile-marketing approach with a shot of startup spirit.

Mon, 31 Aug 2015 17:00:00 -0500

Whether you are an employee or entrepreneur, here are qualities you should have to make your business life more successful.

Mon, 31 Aug 2015 19:04:00 -0500

Apple Tv: credit, apple. By all accounts, Apple is gearing up to announce a new version of the Apple TV on September 9th. We've heard rumors about the next iteration of the Apple TV for years now, in many ways because it just seems like such an Appel-y  market segment. There [...]

Mon, 31 Aug 2015 18:14:00 -0500

On the surface, it appears as though Walmart is borrowing from Peter (total worker hours) to pay Paul (its 2015 initiatives to both raise base pay in stores and provide extra training for workers). Rather, the company is caught in an age-old retail trap: measuring the wrong thing.

Mon, 31 Aug 2015 12:37:00 -0500

The White House has said for over two years it had nothing to do with IRS targeting or audits of conservatives. Now, a judge requires the IRS to hand over White House requests to the tax agencies and the IRS responses.

Mon, 31 Aug 2015 12:30:00 -0500

Some people, regardless of what they lack—money, looks, or social connections—always radiate with energy and confidence. Even the most skeptical individuals find themselves enamored with these charming personalities. These people are the life of every party. They're the ones you turn to for help, advice, and companionship. You just can't get enough [...]

Mon, 31 Aug 2015 11:59:00 -0500

“We are the first to pursue our passion,” says Sonia Mugabo, a member of Rwanda’s first post-war generation. She’s one of a growing number of 20-something’s abandoning their parents’ pragmatism to follow their dreams, and they’re laying the foundation for fashion and tech sectors in the East African country, from [...]

Sun, 30 Aug 2015 21:10:00 -0500

Will any of these be deal breakers for you?

Sun, 30 Aug 2015 16:05:00 -0500

  The numbers are compelling: an estimated 20 million men were active members of affair-seeking site Ashley Madison. I crunched the numbers (see bottom of post for details), and estimate that about one in six married men in the United States were on the site. You know six married men. I know at least six married men. At least [...]

Sat, 29 Aug 2015 14:34:00 -0500

What else can you buy for the price of the Galaxy Note 5?

Sat, 29 Aug 2015 14:31:00 -0500

How do you handle the sticky question "What was your last salary?" Liz Ryan lays it out!

Fri, 28 Aug 2015 18:45:00 -0500

It has been a couple of months since rumors started about the sexual proclivities of Subway’s former spokeseater Jared Fogle. Despite many expert predictions that the lingering PR crisis would damper customer patronage of the company’s 44,000 outlets worldwide, the real impact is far worse: Nobody seems to care.  Instead, Subway continues to suffer what [...]

Fri, 28 Aug 2015 10:10:00 -0500

Civil wars, corruption, poverty, and refugees. Throughout the past decades, Western media have played a pivotal role in the one-sided portrayal of the African continent. Then Lupita Nyong'O happened. A sophisticated, eloquent, dark-skinned East African, suddenly dominating the red carpets of Hollywood, and celebrated for her style and unconventional beauty [...]

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 14929 Views :: Article Rating :: Business & Finance

Michigan, USA – "They were buying a $10 bottle. Now they're buying a $6 bottle," said Mike Acho, owner of the Wine Cellar party store in Waterford. "People don't have the money. They're not working, but they still want the alcohol, so they buy the cheaper stuff."

Chaldean business leaders within the Merchants of Michigan association say the state is heading towards the cliff’s edge.  Michigan remains the worst state in country.  It has the highest unemployment rate in the country, a continually slumping economy and one of the highest foreclosure rates in the nation; experts say much of the increased drinking may be related to people trying to drown their sorrows. 

State records agree with the opinion sharing that more customers are choosing to drink at home instead of bars and restaurants.    Alcohol purchases nationwide have risen about 2%, total sales in Michigan have nearly doubled that, 3.5%, with residents of the Great Lakes State spending $895 million in 2007. The increase is in spite of a loss in the state's population of more than 46,000 people last year.

The state's Liquor Control Commission spokesman Ken Wozniak tells reporters that, “The 2008 numbers have not been compiled, but we can expect the increase to continue based on the data we're seeing so far."

The greatest increase in alcohol consumption in Michigan was in hard liquor, particularly vodka and whiskey, with residents purchasing -- and presumably consuming -- 282,270 more gallons than the year before.

Wine, too, is on the rise with an increase of 857,415 gallons purchased over the previous year. And people drank more mixed spirits, such as prepackaged rum drinks and wine coolers.

In contrast, beer consumption declined in keeping with a nationwide dip over the last several years that saw more drinkers gravitate toward trendy martini bars.

While beer still is the most popular alcoholic beverage -- Michiganders drank a whopping 204,239,944 gallons in 2007 -- it was a 1.8-million gallon decline over the year before, state officials said.
Bargain booze

And people appear to be shopping for bargains when it comes to stocking their home bars, opting for American brands over more expensive imports.

Blended American whiskey sales, for instance, increased -- though only 1% -- for the first time in 30 years, according to the Beverage Information Group, a Connecticut firm that tracks the industry. And American scotch brand sales increased for the first time in 20 years.

Chaldean convenient store owners are creatively working to help customers cope at risk of losing sales.  “Times are very bad in our state.  The mismanagement of our economy is very bad, but times will get better and customers who are trying to crawl into a bottle may not be able to crawl out when new leaders in Michigan makes things better,” says Karem Nafsu of Drive-In Liquor.  “I know my customers and their family.  Sometimes it takes someone like me that enough is enough, you have to go home and be with your family.”