Monday, November 24, 2014
Top Entrepreneur News

Mon, 24 Nov 2014 22:00:00 -0600

Selecting a franchise is an enormous decision. Take a look at several, and consider your own skills and goals, before choosing.

Mon, 24 Nov 2014 21:30:00 -0600

Businesses should consider the following tips for what it can and should do to improve the odds of its holiday emails being opened and clicked on.

Mon, 24 Nov 2014 21:00:00 -0600

Even if you didn't have any problems last year, it's a good idea to prepare and keep customers happy.

Mon, 24 Nov 2014 20:45:00 -0600

A legal victory by the FAA and new rumors about pending drone rules bring some clarity to the commercial drone industry, much of it unwelcome.

Mon, 24 Nov 2014 20:30:00 -0600

Local SEO is a highly targeted, niche strategy that every entrepreneur can -- and should -- be thinking about.

Mon, 24 Nov 2014 20:15:00 -0600

An executive takes up a new sport and learns some essential business truths for knockout success.

Mon, 24 Nov 2014 20:15:00 -0600

The Contributor program allows users to directly support their favorite sites as opposed to today's mostly ad-funded media model.

Mon, 24 Nov 2014 20:00:00 -0600

The barriers to people making a purchase are no different than the barriers we all face in life. That's why sales reps have to be part therapist.

Mon, 24 Nov 2014 19:30:00 -0600

There will always be winners and losers. Make sure you don't end up the latter.

Mon, 24 Nov 2014 19:21:00 -0600

A nanotech company says it has developed technology that can charge a mobile phone in a few seconds and an electric car in minutes.

Mon, 24 Nov 2014 19:15:00 -0600

Change your self-talk to lead you to triumph in business.

Mon, 24 Nov 2014 19:00:00 -0600

Need to find other ambitious and motivated business professionals to work with? Build a place that will foster collaboration, creativity and inspiration.

Mon, 24 Nov 2014 18:55:00 -0600

Private companies in these fields tend to pay their bills on time.

Mon, 24 Nov 2014 18:30:00 -0600

A philosophical debate over Lean Startup and vision means we all have to take sides. I'm with Eric Ries.

Mon, 24 Nov 2014 18:30:00 -0600

Whether the decision was your own or not, keep these things in mind as you carve a new path.

Mon, 24 Nov 2014 18:15:00 -0600

It's called Bumble, and it's being marketed as Tinder minus the creep factor.

Mon, 24 Nov 2014 18:15:00 -0600

Fashion the touch points and interactions so critical for captivating today's empowered consumers.

Mon, 24 Nov 2014 18:00:00 -0600

Our experts help you better understand why your customers use your service to build loyalty.

Mon, 24 Nov 2014 17:45:00 -0600

This exclusive infographic helps you understand how to maximize your company's resources.

Mon, 24 Nov 2014 17:33:00 -0600

Don't want to spend Thanksgiving in the kitchen? Find out which restaurant chains are branching out to serve turkey – or turkey ice cream cake -- this year.

Mon, 24 Nov 2014 17:30:00 -0600

To understand what someone is communicating, watching is as important as listening.

Mon, 24 Nov 2014 17:15:00 -0600

While parliament has no power to dismember a firm, the vote highlights the underlining, widespread concern among EU politicians about American dominance of the Internet industry.

Mon, 24 Nov 2014 17:00:00 -0600

These apps could help you run your company more efficiently.

Mon, 24 Nov 2014 16:30:00 -0600

They're evil.

Mon, 24 Nov 2014 16:15:00 -0600

The deal resolves claims it harmed consumers by conspiring with five publishers to raise e-book prices.

Mon, 24 Nov 2014 16:00:00 -0600

CPA Mark Kohler explains the advantages and disadvantages with this simple business structure.

Mon, 24 Nov 2014 15:45:00 -0600

Have a plan for keeping your cool when the people who love you and don't understand what you do or why offer painfully obvious advice.

Mon, 24 Nov 2014 15:34:00 -0600

The car makers discuss a collaboration over car batteries and other parts.

Mon, 24 Nov 2014 15:30:00 -0600

An interview with Vanessa Van Edwards, the queen bee of making an impression, body language, and the science of people.

Mon, 24 Nov 2014 15:21:00 -0600

Electronics giant under pressure from cheaper Chinese device makers, Apple's iPhone.

Mon, 24 Nov 2014 20:00:00 -0600

The first 88-second teaser trailer for Star Wars: The Force Awakens will not be debuting online. The first teaser trailer for Star Wars: The Force Awakens will not be premiering during a television show that is aired on an ABC-affiliated network. No, the first teaser trailer for The Walt Disney Company's Star Wars: The Force Awakens will [...]

Mon, 24 Nov 2014 17:51:00 -0600

Google and Facebook are quietly rewiring the Internet, even as public attention focuses on a Washington, D.C., debate that's largely paralyzed.

Mon, 24 Nov 2014 16:38:00 -0600

By Stephen Prentice Gartner, Inc.  It won't be long before a contact lens can measure your blood sugar, instantly alerting you through a smart device to pay attention and adjust your diet, or consider complex industrial turbines that can predict a failed bearing before it happens. These devices become part of a [...]

Mon, 24 Nov 2014 13:15:00 -0600

Both Netflix and YouTube combined take up half of the Internet’s bandwidth. So wait…these companies shouldn’t pay more?

Mon, 24 Nov 2014 05:45:00 -0600

While it may seem unlikely for Ukraine to become the next tech mecca, it's got some surprising advantages. I wouldn’t bet against it.

Sun, 23 Nov 2014 19:04:00 -0600

Forget moonmen and those old "canals" on Mars, if you want to find life in our solar system, your best bet might be to set your sights beyond the asteroid belt to Jupiter's moon Europa.

Sun, 23 Nov 2014 01:30:00 -0600

The 30,000 'Lost' emails weren't backed up and are lost forever, IRS officials testified under oath. Now, it turns out they exist. What targeting will they reveal?

Wed, 19 Nov 2014 14:50:00 -0600

For the first time, Nigeria is home to more of Africa's wealthiest than South Africa, with 13 people, including the continent's richest person and three new billionaires.

Tue, 18 Nov 2014 15:59:00 -0600

Because you shouldn't always have to start from scratch.

Mon, 17 Nov 2014 22:24:00 -0600

Each of these 12 extraordinary women view their daily routines in small increments to keep them on track and thriving. Whether it's the designer, the doctor, the CFO or the media mogul, their morning rituals are a vital ingredient in their secret sauce.

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 13193 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.”