Sunday, July 5, 2015
Top Entrepreneur News

Sat, 04 Jul 2015 14:00:00 -0500

Six years ago, Paula Paredes started her ATAX franchise by first tackling an obstacle that had nothing to do with the IRS.

Fri, 03 Jul 2015 21:00:00 -0500

There's one thing you can do that will rally your customers, colleagues and even competitors.

Fri, 03 Jul 2015 20:00:00 -0500

Failure is an external event that happens. It is not a personality characteristic.

Fri, 03 Jul 2015 19:00:00 -0500

The generation dubbed "digital natives'' prefer YouTube to TV and the World Cup to bowl games. Marketers need to adapt.

Fri, 03 Jul 2015 18:00:00 -0500

The Golden Arches just wouldn't communicate the same thing if they were purple.

Fri, 03 Jul 2015 17:00:00 -0500

Ten famous entrepreneurs tell us why they declared their freedom.

Fri, 03 Jul 2015 16:00:00 -0500

An expert breaks down the good and the bad of licensing to help you decide.

Fri, 03 Jul 2015 15:00:00 -0500

They used to be in oil and gas; now these guys are into waxing. No, not cars -- women's legs.

Fri, 03 Jul 2015 14:00:00 -0500

For the company behind Horman's Best Pickles, there's never a 'dill' moment.

Fri, 03 Jul 2015 13:00:00 -0500

Learn to determine pricing that will make you a profit but won't scare away parents.

Fri, 03 Jul 2015 12:00:00 -0500

This feeling that we all strive for is a path we choose, not a destination to arrive at.

Fri, 03 Jul 2015 11:00:00 -0500

The line between being mindfully engaged and completely consumed by your startup can become hazy over time.

Thu, 02 Jul 2015 23:00:00 -0500

Implementing a referral process sounds simple in theory, but it's easier said than done. Here are the challenges -- or better put, the excuses -- that can derail your best referral intentions.

Thu, 02 Jul 2015 22:30:00 -0500

By having honest, respectful, productive conversations with your partner, you will find the rhythm to help you smoothly and purposefully dance your way through business relationships.

Thu, 02 Jul 2015 22:00:00 -0500

While qll entrepreneurs know that customer insights are invaluable to product design and continued improvement, acquiring and organizing useful feedback is easier said than done.

Sat, 04 Jul 2015 23:41:00 -0500

At its heart, Apple Music is a simple proposition. For your monthly subscription, Apple will offer you access to a library of over 30 million tracks. But subscribing requires sacrifice. You have to hand over control of your iTunes music library to Apple and hope that Cupertino's arrogance will preserve your music collection.

Sat, 04 Jul 2015 22:58:00 -0500

How do fearless job-seekers get new jobs? Liz Ryan lays it out

Sat, 04 Jul 2015 18:41:00 -0500

Grading the teams that scored the best and worst when LaMarcus Aldridge and DeAndre Jordan changed teams, and when the Knicks couldn't get a sniff of the top available talent.

Sat, 04 Jul 2015 17:26:00 -0500

That'll do nicely, Sir Apple has quietly filed for a new patent which details a person-to-person money transmission method which could potentially grab market share from PayPal and Square, and hit the already beleaguered banking sector struggling to keep up with FinTech. Apple is already banking on consumers using the wallet in [...]

Sat, 04 Jul 2015 15:07:00 -0500

Terminator Genisys continued to make its own grim fate. The Arnold Schwarzenegger sequel earned $10.8 million on Friday, which brought its cume to $26.55m and set the stage for a $28m Fri-Sun and $42m Wed-Sun holiday debut. I know I tend to try to find the positive in almost any big weekend debut, [...]

Sat, 04 Jul 2015 14:01:00 -0500

Gold investors were beaten to a pulp as gold prices crashed to a five-year low this past week.Gold’s freefall from its 2011 peak has tarnished its reputation as a safe-haven asset. The yellow metal is supposed to outperform in the face of financial Armageddon, inflation, quantitative easing, massive deficit spending [...]

Fri, 03 Jul 2015 22:55:00 -0500

This week’s Apple Loop includes a look at the disappointing iPhone 6S leak, the launch of Apple Music, iOS 8.4's strengths and weaknesses, the update to iTunes 12.2 and issues with iCloud Music, the new iPod range, Apple's US market share numbers, and the first full trailer for Michael Fassbender's 'Steve Jobs'.

Fri, 03 Jul 2015 22:16:00 -0500

Ever since the Greek government called a referendum on the June 25th proposal from the Eurogroup, the Troika and representatives of other EU governments have insisted that the referendum is a vote on whether or not Greece stays in the Euro. Despite Greek objections, the media has generally echoed their [...]

Wed, 01 Jul 2015 11:00:00 -0500

There's virtually no Internet access in Cuba, but that isn't stopping a generation of young entrepreneurs (and U.S. companies like Airbnb and Google) from creating a digital future for their country--today.

Mon, 29 Jun 2015 20:13:00 -0500

On a recent visit to Los Angeles, Jackie Chan joined a group of Hollywood power players for a dinner party at Will Smith’s house. As soon as the meal was over, Chan stood up, grabbed his half-consumed glass of water and dumped the rest onto a potted plant.

Mon, 29 Jun 2015 14:27:00 -0500

In December 2011, Robbie Abed, 32, quit his job as director of information technology at Accretive Solutions, a Chicago consulting firm. “I always had this passion to start my own company and do my own thing,” he says. Part of doing his own thing was writing a blog about careers, [...]

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Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 14520 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.”