Saturday, October 25, 2014
Top Entrepreneur News

Sat, 25 Oct 2014 16:05:00 -0500

Martha Stewart didn’t do any home decorating until she was 35. And Charles Flint started IBM at 61.

Sat, 25 Oct 2014 14:00:00 -0500

He inspired many with his words layered with wisdom and designed with wit. Now see how his reflections might speak to you.

Sat, 25 Oct 2014 11:30:00 -0500

Maggie Harlow knew plenty about franchising before becoming a franchisee. But, she didn't want to take over the family business.

Fri, 24 Oct 2014 22:30:00 -0500

Among the many decisions you need to make when launching a business is selecting a business structure. Here are a few pointers on the tax benefits of an LLC and corporation.

Fri, 24 Oct 2014 22:00:00 -0500

The payoff for landing a large company as a customer is huge, but a lack of preparation can seriously jeopardize future opportunities.

Fri, 24 Oct 2014 21:30:00 -0500

Since even the most earnest workers long for the weekend, miss their kids and job and want to have some laughs, turn those into perks.

Fri, 24 Oct 2014 21:00:00 -0500

The fastest way to learn any business is to study someone who has been successful at it.

Fri, 24 Oct 2014 20:30:00 -0500

Follow these tips to elevate the overall experience of your video conference.

Fri, 24 Oct 2014 20:15:00 -0500

Before making a leap to a new company, figure out the workplace culture to know how best to have influence as a leader of change.

Fri, 24 Oct 2014 20:10:48 -0500

New York City residents and professionals seemed to take news of the city's first case of Ebola in stride.

Fri, 24 Oct 2014 20:00:00 -0500

The law, more commonly referred to as Obamacare, kicks in for businesses with more than 100 employees this January.

Fri, 24 Oct 2014 19:45:00 -0500

A chief technology officer, a visionary, a user design pro and a rainmaker are among the players who are critical for launching today's successful companies.

Fri, 24 Oct 2014 19:30:00 -0500

Entrepreneurship is not simply the frenzy of a startup, it is a set of values that can be passed from one generation to the next.

Fri, 24 Oct 2014 19:26:00 -0500

The charges could apply to late, unplanned packages or the shipping giant might turn down the business if it threatens disruptions during the peak holiday season.

Fri, 24 Oct 2014 19:25:00 -0500

The founder of a co-working space reveals the hidden benefits that come from regularly mixing up its composition and flow.

Fri, 24 Oct 2014 19:15:00 -0500

The buzzy social network with an anti-advertising mission takes small, important steps toward eventual revenue generation.

Fri, 24 Oct 2014 19:10:00 -0500

Designer Klaus Geiger has reimagined the Power Mac G5 with a utilitarian slant.

Fri, 24 Oct 2014 19:00:00 -0500

One expert shares tips to ensure your data stays safe and secure in the cloud.

Fri, 24 Oct 2014 18:55:00 -0500

Learn about actions your company can take to return to civility in the workplace and minimize rudeness with customers.

Fri, 24 Oct 2014 18:30:00 -0500

The generation born between 1945 and 1964 could give a startup some needed expertise and credibility. Here are five roles they can easily fit into.

Fri, 24 Oct 2014 18:15:00 -0500

The essential dynamic of a quality service relationship comes down to a company's addressing these core questions.

Fri, 24 Oct 2014 18:00:00 -0500

With news outlets welcoming brand journalism with native advertising opportunities, marketers need to be careful that they aren’t misleading or blurring the lines between "real journalism" and straight advertising.

Fri, 24 Oct 2014 17:56:58 -0500

You may be tempted to try the rumpled-hair, hoodie look – just don't.

Fri, 24 Oct 2014 17:45:00 -0500

When your phone is less interesting, you look at it less. And that can make you feel like you have all the time in the world.

Fri, 24 Oct 2014 17:30:00 -0500

The benchmark of recruitment isn’t the number of high-caliber candidates who get a job but the number of unsuccessful candidates who would recommend your company to friends.

Fri, 24 Oct 2014 17:25:00 -0500

In downtime between launching companies, Greg Muender decided to try on a pink mustache. And he tracked every penny that came and went.

Fri, 24 Oct 2014 17:03:00 -0500

The tech giant is hiring more than half a dozen leading academics and experts in the field to accelerate its efforts.

Fri, 24 Oct 2014 17:00:00 -0500

Tactics can be great. And tools can save you time. But ultimately sharing on networks is about building real relationships with real people not a company or its brand.

Fri, 24 Oct 2014 17:00:00 -0500

One expert says to set good daily habits, stop operating on autopilot.

Fri, 24 Oct 2014 16:45:00 -0500

Sometimes, you find yourself in an uncomfortable situation where someone doesn't want to network.

Sat, 25 Oct 2014 01:26:00 -0500

There are more than a million-plus husband-and-wife businesses in the U.S. but only a handful that have created billion dollar fortunes. Meet the 7 most successful, 5 of whom live in California.

Fri, 24 Oct 2014 18:38:00 -0500

A roundup of the latest and greatest LinkedIn features.

Fri, 24 Oct 2014 17:15:00 -0500

Healthy internal communication is central to the success of any company, whether the organization is a small startup or an established large enterprise. Like many aspects of successful business management, stellar company communication can take months or years to cultivate. Whether your business currently has three staff members or 300, [...]

Fri, 24 Oct 2014 14:19:00 -0500

LG will launch a phablet suspiciously close to the Nexus 6 at the same time and in some ways it is the better device.

Thu, 23 Oct 2014 20:36:00 -0500

A company founded by a married couple has unveiled the world's first ever graphene 3D-printed battery, heralding an era when consumers will be able to produce their own homemade power sources. A team from Graphene 3D Lab, based in Calverton, New York, has spent more than five years designing a material [...]

Thu, 23 Oct 2014 11:53:00 -0500

A new study from the National Bureau of Economic Research shows that Obamacare will increase premiums in the non-group market by 24%. This state-by-state analysis shows that premiums will increase in 45 states (by an amount exceeding 35% in 9 states).

Thu, 23 Oct 2014 10:50:00 -0500

Ebola is scary. Ebola is a global crisis. But you don't need to be scared that the deadly disease carries an automatic death sentence — especially in the United States. As I wrote earlier this week, the Ebola survival rate in the United States was 80% after the first five cases and [...]

Wed, 22 Oct 2014 19:00:00 -0500

BPA is found in everything from plastics to dental fillings. Researchers say receipt papers may pose the most risk.

Wed, 22 Oct 2014 17:20:00 -0500

In Brazil's presidential election, voters have a better chance with the opposition.

Tue, 21 Oct 2014 15:26:00 -0500

Toxic people defy logic. Some are blissfully unaware of the negative impact that they have on those around them, and others seem to derive satisfaction from creating chaos and pushing other people’s buttons. Either way, they create unnecessary complexity, strife, and worst of all stress. Studies have long shown that stress [...]

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 13079 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.”