Sunday, October 4, 2015
Top Entrepreneur News

Sat, 03 Oct 2015 18:00:00 -0500

Starting a concept from square one isn't easy. But being first to market can put you one step closer to becoming the next big thing.

Sat, 03 Oct 2015 16:00:00 -0500

An expert explains the pitfalls that come after securing funding.

Sat, 03 Oct 2015 15:00:00 -0500

Diane Carson battled breast cancer, then set up her business. During Breast Cancer Awareness Month, she's spreading the word on offering support to those in need.

Fri, 02 Oct 2015 22:00:00 -0500

The point is to make them feel 'part of the team' and supported.

Fri, 02 Oct 2015 21:30:00 -0500

Here is how to motivate employees in what can be a stressful, fast-paced startup environment.

Fri, 02 Oct 2015 21:00:00 -0500

The standard investing advice that makes good sense for employed people doesn't fit the circumstances of business owners.

Fri, 02 Oct 2015 20:30:00 -0500

Ever considered adopting an 'abundance mentality'?

Fri, 02 Oct 2015 20:00:00 -0500

The founder's primary job is stretching those first funds to afford a team, a prototype and a marketing plan.

Fri, 02 Oct 2015 19:30:00 -0500

Consult with customers, don't cajole them.

Fri, 02 Oct 2015 19:00:00 -0500

To be one of the 10 percent of businesses that actually become legitimate you have to show a tremendous amount of dedication, and put in an insane amount of time.

Fri, 02 Oct 2015 18:30:00 -0500

The problems of daily life in impoverished South African townships inspire remarkable entrepreneurial ingenuity.

Fri, 02 Oct 2015 18:15:00 -0500

From the outside, it seems like you just add keywords, write a few text ads and then sit back and collect paychecks. That couldn't be farther from the truth.

Fri, 02 Oct 2015 17:30:00 -0500

Don't assume that all investors are the same, just because their money is always the same color.

Fri, 02 Oct 2015 17:00:00 -0500

Here are three ways to bridge unexpected connections and innovative ideas, helping drive viral success.

Fri, 02 Oct 2015 16:30:00 -0500

Can't name any introverted entrepreneurs? How about Bill Gates, Warren Buffet and Charles Schwab?

Sun, 04 Oct 2015 04:55:00 -0500

A survey that asks officials about their cities' fiscal challenges finds, unsurprisingly, that employee retirement benefits are near the top.

Sun, 04 Oct 2015 02:35:00 -0500

On Friday, SolarCity said that it had built the world’s "most efficient rooftop solar panel." The new solar panel "generates more power per square foot and harvests more energy over a year than any other rooftop panel in production.” The San Mateo-based solar company also said that it would soon start [...]

Sat, 03 Oct 2015 15:24:00 -0500

The ongoing journey to extract every last secret out of Destiny’s The Taken King expansion is almost as fun as playing the game itself. Mysteries have always been tucked away inside Destiny, but ever since the discovery of the secret Black Spindle mission buried inside a Daily Heroic quest, things [...]

Sat, 03 Oct 2015 14:01:00 -0500

  Warren Buffett is legend for owning stocks for years -- even decades. The world’s best stock market investor is famous for saying his favorite holding period for stocks is forever. If forever is too long for you, would 10 years be more doable? You can invest like Buffett by buying some [...]

Fri, 02 Oct 2015 15:34:00 -0500

Today is Manufacturing Day so, in emulation of Mark Perry, a point about manufacturing in America. It doesn't need saving: American manufacturing has never been in a better or healthier state than it is now. And to understand this point you need to grasp that jobs are a cost. Yes, [...]

Fri, 02 Oct 2015 12:00:00 -0500

Apple is playing with fire with its new iOS 9 update...

Fri, 02 Oct 2015 02:39:00 -0500

We might know more about the connection between gun ownership and gun violence if government scientists were allowed to study it. But they’re not.

Wed, 30 Sep 2015 20:55:00 -0500

Any parent of a 10-year-old can tell you, will blow through their two hours before their Minecraft sessions even get going. Fortunately, the AAP finally realized it needed to keep up with the times.

Tue, 29 Sep 2015 15:02:00 -0500

Robert F. Smith makes his debut on the Forbes 400 as the second-richest African-American, based on years of hard work and high achievement in the software industry.

Mon, 28 Sep 2015 16:11:00 -0500

What if you had the opportunity to ask today’s most successful leaders to identify the single most important lesson they’ve learned on a given topic? And what if those same leaders were willing to drill down on their personal experiences and share key insights in an honest and relevant way? [...]

Sun, 27 Sep 2015 14:11:00 -0500

I tend to believe being successful requires the development of some core attributes, which then facilitate the attainment of success.

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 15162 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.”