Friday, November 28, 2014
Top Entrepreneur News

Fri, 28 Nov 2014 20:00:00 -0600

Have you considered embedding a marketing message for your company on your prized auto?

Fri, 28 Nov 2014 19:00:00 -0600

It's that special time of year, when consumers are spending and more distracted than usual. Decorate your marketing accordingly.

Fri, 28 Nov 2014 18:00:00 -0600

Investors are people, and people are attracted to those that exude confidence and competence.

Fri, 28 Nov 2014 17:00:00 -0600

From his backyard to the opening ceremony at the Olympics, Mark Fuller's water works have made a big splash.

Fri, 28 Nov 2014 16:30:00 -0600

Before you shut off your computer and rush out the door, take a moment to reflect on the positive.

Fri, 28 Nov 2014 16:00:00 -0600

Before assuming your next leadership role, run through the following checklist to ensure you're on the right track.

Fri, 28 Nov 2014 15:30:00 -0600

Philadelphia's burger joint PYT just released a Bacon Mac & Cheese Doughnut – perfect for pairing with Thanksgiving leftovers.

Fri, 28 Nov 2014 15:00:00 -0600

It's not that hard to make holiday shoppers happy -- and the payoff can be huge.

Fri, 28 Nov 2014 14:00:00 -0600

Here are some tips for success in life when your spouse is the founder of a new company.

Fri, 28 Nov 2014 13:30:00 -0600

Everyone makes mistakes, but the online world makes them a lot more visible. What not to do, if you want to keep your job.

Fri, 28 Nov 2014 13:00:00 -0600

For owners and managers who have trouble delegating, it comes down to one basic issue.

Fri, 28 Nov 2014 12:30:00 -0600

Dusty King is both a loving father and a devoted BlueGrace Logistics franchisee.

Thu, 27 Nov 2014 19:00:00 -0600

After failing at launching a cable network, Blake Mycoskie found his passion in social entrepreneurship. Here is how he turned TOMS into a global force for good.

Thu, 27 Nov 2014 17:00:00 -0600

Find out what VCs look for before investing in a new company.

Thu, 27 Nov 2014 15:00:00 -0600

You've probably never heard of Jen Ehresmann, but she is one of the highest-ranking women in the $18-billion turkey industry.

Thu, 27 Nov 2014 12:30:00 -0600

In 9 years, Vincent Lee took a small janitorial business and turned it into a franchise that provides services for huge companies including Nike and FedEx.

Wed, 26 Nov 2014 23:30:00 -0600

Economic and technology improvements have given professional services companies much to appreciate.

Wed, 26 Nov 2014 23:00:00 -0600

It sets the foundation for the customer relationship, establishes leadership and separates the business from the competition.

Wed, 26 Nov 2014 22:30:00 -0600

With Thanksgiving and the holiday shopping season quickly approaching, retailers and marketers must establish a game plan for arguably the two biggest shopping days of the year.

Wed, 26 Nov 2014 22:00:00 -0600

Cultivate creativity, enjoy leisure pastimes, forge relationships and achieve entrepreneurial success.

Wed, 26 Nov 2014 21:30:00 -0600

When budgets are tight, knowing your customers and employing some clever tactics will go a long way in creating disruptive marketing campaigns that work.

Wed, 26 Nov 2014 21:00:00 -0600

Done prudently, helping customers to buy now and pay later is a sound strategy for maximizing sales.

Wed, 26 Nov 2014 20:30:00 -0600

The reality each year on Cyber Monday is that billions are spent online during office hours. You're wise to watch for bandwidth traffic jams and security threats.

Wed, 26 Nov 2014 20:00:00 -0600

The largest retailers have an insatiable demand for promising merchandise. Persistence is key to finding your spot on their shelves.

Wed, 26 Nov 2014 19:45:00 -0600

Is your company an assemblage of the drowsy. Encourage members of your team to catch up on rest in these ways.

Wed, 26 Nov 2014 19:30:00 -0600

Are your productivity hacks really making you better? Many are myths that are actually holding you back.

Wed, 26 Nov 2014 19:15:00 -0600

Be prepared for the annual race to send packages to all corners by doing the proper advance legwork.

Wed, 26 Nov 2014 19:00:00 -0600

The audiences are there, but if you're making one of these errors, they won't acknowledge you.

Wed, 26 Nov 2014 18:45:00 -0600

Regardless of where you sell your goods or services primarily, a little advanced digital preparation can help you take advantage of "Windfall Weekend."

Wed, 26 Nov 2014 18:30:00 -0600

Compelling web copy is important in creating a hook to persuade people to buy, but it is better to create an experience for people coming to your site that totally transcends the transaction.

Fri, 28 Nov 2014 19:13:00 -0600

Crafting a delicious menu has been a top priority for many lately because of the Thanksgiving holiday, but for Adam Eskin, Founder and CEO of Dig Inn Seasonal Market in New York, creating the perfect menu is his passion. “How we eat is broken,” says Eskin.  And Eskin believes his [...]

Fri, 28 Nov 2014 18:45:00 -0600

Shale baron Richard Kinder isn't suffering from a plunge in oil prices as OPEC tries to live with North American production.

Fri, 28 Nov 2014 18:12:00 -0600

Streaming sticks from Amazon, Google and Roku all provide lower-cost ways to bring online video to your TV screen. Find out which one is right for you.

Fri, 28 Nov 2014 15:06:00 -0600

Video I was all in favor of Walt Disney premiering the much-anticipated teaser trailer in theaters this weekend as a kind of specialized theatrical event, hearkening back to the notion that trailers for the biggest movies ought to be seen first in theaters. On the other hand, at the time I [...]

Fri, 28 Nov 2014 01:09:00 -0600

Amid revelations that 30,000 'lost' emails weren't really lost, we're told 2,500 documents with private taxpayer data may have gone to the White House. If so, why?

Wed, 26 Nov 2014 20:18:00 -0600

Black Friday is nearly upon us, and the time has arrived for Xbox One and PS4. The market still isn't flooded with must-have games that you can't play on last-gen, and Sony's last firmware update was sort of a mess, but we're finally at the point where both Sony and [...]

Wed, 26 Nov 2014 17:11:00 -0600

The Great Lakes region is benefiting from global warming, with objective data showing improved soil moisture, record crop production, and modestly but beneficially warmer temperatures despite alarmist claims from global warming activists.

Wed, 26 Nov 2014 16:22:00 -0600

We all do it, and some see it as a badge of honour, but if we think multitasking makes us more productive then we need to think again.

Tue, 25 Nov 2014 23:45:00 -0600

It is the week of Thanksgiving, with all its associated holiday cheer and family togetherness. It is also the week a Grand Jury decided white policeman Darren Wilson will not face criminal charges for the shooting death of unarmed black teen Michael Brown in Ferguson, Missouri.

Tue, 25 Nov 2014 15:01:00 -0600

see photosiStock/iStockClick for full photo gallery: The World's Most Reputable Cities, 2014 What cities around the globe have the best all-around reputations? What does that even mean and why does it matter? The Reputation Institute, a global private consulting firm based in New York and Copenhagen, has just released its fourth [...]

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 13211 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.”