Sunday, March 1, 2015
Top Entrepreneur News

Sat, 28 Feb 2015 17:15:00 -0600

You have probably heard people talk about 'big data.' If your eyes start to glaze over when that term is mentioned, get your Big Data 101 Intro lesson here.

Sat, 28 Feb 2015 15:05:00 -0600

Every entrepreneur should have these fundamentals in place before launching a full-blown business.

Sat, 28 Feb 2015 14:00:00 -0600

Being the office blabbermouth isn't just annoying – it could hurt your career.

Sat, 28 Feb 2015 13:00:00 -0600

If you're serious about being an entrepreneur, let these stories of success guide your planning.

Sat, 28 Feb 2015 12:30:00 -0600

Over the last decade, Jeff Cohen has built business into 12 Togo's restaurants.

Sat, 28 Feb 2015 05:00:00 -0600

A look at the value of paid referrals and advisers and the difference between ethics and compliance.

Sat, 28 Feb 2015 00:30:00 -0600

Sseko Designs co-founder Liz Bohannon has big plans - and a 'no' from Shark Tank's investors won't crush them.

Sat, 28 Feb 2015 00:00:00 -0600

The hit AMC show is more than just a zombie flick. It teaches us a few management lessons that we must not forget.

Fri, 27 Feb 2015 23:30:00 -0600

See how to break through and triumph.

Fri, 27 Feb 2015 23:00:00 -0600

Harness word-of-mouth from influential people in a cost-effective campaign.

Fri, 27 Feb 2015 22:30:00 -0600

If you want to stretch your capabilities, step away from the traditional leadership library and consider these exercises.

Fri, 27 Feb 2015 22:00:00 -0600

Every business wants loyal customers, yet we often forget how crucial relationships are to our success.

Fri, 27 Feb 2015 21:45:00 -0600

These five tips will help you launch the career of your dreams.

Fri, 27 Feb 2015 21:30:00 -0600

This technique can help quell upset customers and hopefully put a stop to broadcasting their dissatifaction.

Fri, 27 Feb 2015 21:15:00 -0600

Everyone is confused about what publicists do these days. Understand some of the common pitfalls and strategize more effectively with a pro.

Fri, 27 Feb 2015 21:03:00 -0600

The actor and philanthropist known the world over for his portrayal of Mr. Spock on 'Star Trek' indeed did live long and prosper. Here are words to remember him by.

Fri, 27 Feb 2015 21:00:00 -0600

For one startup founder, the fitness platform with a cult-like following provides a physical, mental and emotional challenge.

Fri, 27 Feb 2015 20:30:00 -0600

Email providers and readers are raising the standards for what content makes it into the inbox and what lands in the junk pile.

Fri, 27 Feb 2015 20:15:00 -0600

Balance functionality and design or risk drowning in the crowded marketplace.

Fri, 27 Feb 2015 20:00:00 -0600

A funny thing happened when one woman gave up email. She found better ways to be productive.

Fri, 27 Feb 2015 19:45:00 -0600

Check out these essential qualities for success and ways to keep a top performer.

Fri, 27 Feb 2015 19:30:00 -0600

For brands, video creation is an essential component of existing in the virtual ecosystem. Here is how to ensure your videos are seen.

Fri, 27 Feb 2015 19:15:00 -0600

Mobile and web innovations can make managing public relations in the digital age faster and easier.

Fri, 27 Feb 2015 19:12:00 -0600

For example, as you are reading through Facebook, you can press "j" to get to the next post.

Fri, 27 Feb 2015 19:00:00 -0600

When it comes to communicating with your customers, just a few minutes of planning will save you time, energy and possibly, trouble, later down the line.

Fri, 27 Feb 2015 18:45:00 -0600

Attackers are exploiting flaws in Google's popular operating system.

Fri, 27 Feb 2015 18:30:00 -0600

Steer past the canned response to create a more authentic dialogue with job seekers.

Fri, 27 Feb 2015 18:14:00 -0600

With more than 1,100 former RadioShacks now open for new businesses, franchises are finding opportunity in the brand's bankruptcy.

Fri, 27 Feb 2015 18:00:00 -0600

The perpetual grind of performance improvement can be overwhelming, so seek an external party.

Fri, 27 Feb 2015 17:45:00 -0600

The reason may be due to uncertainties caused by the financial crisis and how home values have fallen so much.

Fri, 27 Feb 2015 17:30:00 -0600

Creating a MAP will take no more than an hour of your time every month and will keep the lines of communication open, ensuring relationships with investors remain strong, and ultimately helping early-stage startups succeed.

Fri, 27 Feb 2015 17:00:00 -0600

While a key aspect of his plan changed, City Winery founder Michael Dorf achieved his original goal: to build a place where people could eat, drink and enjoy an intimate concert experience.

Fri, 27 Feb 2015 17:00:00 -0600

Co-working space AlleyNYC recently raised $16 million in a round we participated in. Here's our reasoning.

Fri, 27 Feb 2015 16:39:00 -0600

Failing to do so will result in a cold shoulder from Google.

Fri, 27 Feb 2015 16:32:00 -0600

Earth's biggest e-tailer could one day 3-D print your purchases from the back of a high-tech delivery truck.

Fri, 27 Feb 2015 16:30:00 -0600

You need to seek an amount that is just right, based on your real needs, and consistent with the capabilities and interests of the investors you are addressing.

Fri, 27 Feb 2015 16:15:00 -0600

The groups are betting on a very musical future.

Fri, 27 Feb 2015 16:06:00 -0600

Black and blue or white and gold?

Fri, 27 Feb 2015 16:00:00 -0600

It's an incredibly important and extremely specific role.

Fri, 27 Feb 2015 15:45:00 -0600

Reaching out for help when you need it is crucial when you've taken on the grueling and often lonely work of building a business.

Fri, 27 Feb 2015 15:30:00 -0600

You could learn a lot by working your way to the top of a well-established company, but who has time for that?

Fri, 27 Feb 2015 15:17:00 -0600

Kira Wampler is the new chief marketing officer of the San Francisco ridesharing company Lyft. She is also a mother of two. Here's how she manages both roles.

Fri, 27 Feb 2015 15:04:00 -0600

The taco chain plans to add 1,300 new locations internationally by 2023.

Fri, 27 Feb 2015 15:00:00 -0600

The big event kicks off March 2 in Barcelona.

Fri, 27 Feb 2015 14:45:00 -0600

The Swedish mobile telecom gear maker is suing over patents related to the 2G and 4G/LTE standards.

Fri, 27 Feb 2015 14:30:00 -0600

The Miller brothers have created a technology platform that is transforming real estate investment.

Fri, 27 Feb 2015 14:15:00 -0600

Check out which little-known startups and sectors landed major funding in 2014.

Fri, 27 Feb 2015 14:00:00 -0600

Google's latest moves in the mobile payment market and Apple's plans to expand across the pond.

Fri, 27 Feb 2015 14:00:00 -0600

Social-media marketing for a business is one thing. Now imagine achieving social success when the brand you're trying to promote is you.

Fri, 27 Feb 2015 13:30:00 -0600

Spending money on a beautifully designed, fully capable website is no longer a luxury if you're looking to launch or grow any ecommerce business in 2015.

Fri, 27 Feb 2015 13:18:00 -0600

The FCC now has oversight of the Internet. But there is one thing it can never change.

Fri, 27 Feb 2015 13:15:00 -0600

Stone and co-founder Evan Williams teamed up because they resonated and trusted great things would follow.

Fri, 27 Feb 2015 13:00:00 -0600

It's a truism that 20 percent of your efforts yield 80 percent of your results. Now consider what, or who, is causing 80 percent of your problems.

Fri, 27 Feb 2015 12:30:00 -0600

Originally from Des Moines, Iowa, the Newmans were more than willing to relocate to open a Two Men and a Truck location.

Fri, 27 Feb 2015 12:00:00 -0600

Follow these three tips to help make your early hours beneficial.

Thu, 26 Feb 2015 23:30:00 -0600

While these cornerstones can be hard to live by, they are what makes entrepreneurs successful.

Thu, 26 Feb 2015 23:00:00 -0600

The tools you use can either help or hinder your employee's drive and creativity, so think critically about what your goals are.

Thu, 26 Feb 2015 22:30:00 -0600

Almost half of a brand's customers will soon be proverbially "up for grabs" to anyone with an effective mobile marketing strategy.

Thu, 26 Feb 2015 22:15:00 -0600

Business leaders can empower employees to be entrepreneurial, test out new ideas and spread a culture of innovation.

Thu, 26 Feb 2015 22:00:00 -0600

Hiring is a notoriously tricky process. Finding the stars you need requires knowing what to look for, and how to spot it.

Thu, 26 Feb 2015 21:45:00 -0600

Morgan Stanley analysts don't see a love connection for investors.

Thu, 26 Feb 2015 21:30:00 -0600

Never mind the old-school cocktail party. Be a digital player: Join online professional groups. Or better yet start your own.

Thu, 26 Feb 2015 21:24:00 -0600

The social-media platform has made it easier for users to reach out to their connections whose activity on Facebook indicates they are at risk for self-harm or suicide.

Thu, 26 Feb 2015 21:15:00 -0600

'The robot doctor' sounds like the title of a sci-fi movie. But it's just one future trend that entrepreneurs should know about in this changing industry.

Thu, 26 Feb 2015 21:00:00 -0600

For firms with global clients, expanding services into new markets is the logical next step. But actually taking that step will require careful planning, research and patience.

Thu, 26 Feb 2015 20:45:00 -0600

Every company needs to invest in cybersecurity but your first line of defense is being aware.

Thu, 26 Feb 2015 20:32:00 -0600

A Texas company is again suing the tech giant, this time over the same patents' use in devices introduced after the original case was underway.

Thu, 26 Feb 2015 20:30:00 -0600

With billions being poured into the medical field, the status quo is no longer an option. It's time for entrepreneurs to enter the fold.

Thu, 26 Feb 2015 20:15:00 -0600

Encountered anyone in this category lately? Learn how to tell if someone is a genuine entrepreneur.

Thu, 26 Feb 2015 20:10:31 -0600

This time, a company wants to build it over a five-mile stretch in California.

Thu, 26 Feb 2015 20:00:00 -0600

Some of us feel like we were just made to do something more with our lives. Some of us know what that something is. But some don't.

Thu, 26 Feb 2015 19:30:00 -0600

One company's innovative product could cause waves in the $30 billion financial data services market.

Thu, 26 Feb 2015 19:27:00 -0600

A raucous debate that has unfolded over the past year has concluded with what appears to be permanent protection of the Internet as open platform for entrepreneurs and free speech.

Thu, 26 Feb 2015 19:15:00 -0600

To remain optimistic, discipline your mind to stay clear of catastrophic, bogged-down thoughts and the "what if" slippery slope of anxiety.

Thu, 26 Feb 2015 19:00:00 -0600

Images are more likely to gain attention, entice your community to take action and inspire brand advocacy if they accomplish one or more of five key goals.

Thu, 26 Feb 2015 18:56:00 -0600

Industry analyst Jan Rezab said that a tide shift will occur about four months after Facebook offers users the opportunity to sell ads against their videos.

Thu, 26 Feb 2015 18:45:00 -0600

Heat up your cold calling by focusing on the companies that most need your product.

Thu, 26 Feb 2015 18:34:46 -0600

The tech giant sent out invitations reading 'Spring Forward' for a media event to be held on March 9, the day after Daylight Savings Time begins.

Thu, 26 Feb 2015 18:30:00 -0600

If your product is thriving with one customer base, it's time to grow past the comfort zone.

Thu, 26 Feb 2015 18:19:00 -0600

Google may be vying for a slice of the fitness wearables pie.

Thu, 26 Feb 2015 18:15:00 -0600

Making little changes to your posts, such as adding a description or hashtags, can bump up users' engagement with your brand. Give these tactics a try.

Thu, 26 Feb 2015 18:07:00 -0600

For the first time, Dunkin' is selling K-Cups in grocery stores and online – and franchisees are reaping the rewards.

Thu, 26 Feb 2015 18:00:00 -0600

Marketing your first book, a new product or a catchy feature? Build an online following first. Say, you could even spread the word via rappers.

Thu, 26 Feb 2015 17:30:00 -0600

When it comes to failure, entrepreneurs should be taking healthy and educated risk that may yield a setback, rather than failing just to fail.

Thu, 26 Feb 2015 17:27:05 -0600

When coming up with your own marketing and press materials, remember to be creative while also keeping your audience in mind.

Thu, 26 Feb 2015 17:24:00 -0600

The white chocolate and wafer cup is 100 percent edible – and has the power to get people talking about coffee at a chain better known for chicken.

Thu, 26 Feb 2015 17:15:00 -0600

NBC's Brian Williams and Veterans Affairs Secretary Robert McDonald were caught in misstatements, awakening a discussion about workplace ethics.

Thu, 26 Feb 2015 17:00:00 -0600

Microloans can mean mega profits.

Thu, 26 Feb 2015 16:45:00 -0600

Entrepreneur Lynette Kucsma is bullish on the idea.

Thu, 26 Feb 2015 16:30:00 -0600

Leadership is not a popularity contest or the thrill of being in charge but a commitment to the team and the organization.

Sun, 01 Mar 2015 05:38:00 -0600

It’s the interface, not the mechanics, that makes an idea “insanely great.”

Sun, 01 Mar 2015 02:03:00 -0600

Watch these key levels to know when oil is likely to make its next major move.

Sat, 28 Feb 2015 20:25:00 -0600

The big thing about getting fired is not the process of getting fired itself, but the job-hunt afterwards. The good news is that the working world is changing fast. One of the ways that the traditional Godzilla structure keeps working people in  line is that it tells them "If you [...]

Sat, 28 Feb 2015 16:14:00 -0600

Thirty years after the debut of the NES, Nintendo still finds themselves as a leader in the video game industry. That's an unprecedented position to be in, as all Nintendo's rivals have fallen to their might, and stranger still, Nintendo persists in being the "model" example of many of the [...]

Sat, 28 Feb 2015 14:48:00 -0600

Al Sharpton still owes millions in taxes but seems to live a charmed life, in and out of the White House. Even Politico asked outgoing Attorney General Eric Holder if Sharpton wasn't too close. Heck no.

Sat, 28 Feb 2015 13:30:00 -0600

Harvard psychology professor is the author of ten books, including The Language Instinct, How the Mind Works, The Blank Slate, , The Better Angels of Our Nature, and most recently, The Sense of Style: The Thinking Person's Guide to Writing in the 21st Century. It's no surprise, then, that he would have perhaps the clearest explanation of [...]

Sat, 28 Feb 2015 00:18:00 -0600

This week’s Android Circuit highlights a number of stories including Samsung's strong marketing around the S6, the metallic look of the new Galaxy handsets, Sony leaks its new tablet, pay to be seen in Google Play's app store, Android's marketshare dominance, Android for Work released, reviewing the LG G Flex 2, and the launch of Pebble Time.

Fri, 27 Feb 2015 19:28:00 -0600

"How do I become a more effective manager?" Or "How do I think more strategically?" Or, "How do I sell more?" If you are asking yourself this sort of question, I can almost guarantee you that I have the answer. And it's always the same answer: "by dealing with what [...]

Thu, 26 Feb 2015 14:13:00 -0600

The best way to improve your money situation is to earn more. Here are 44 techniques to try.

Wed, 25 Feb 2015 14:09:00 -0600

VideoThe brilliance, power and sheer innovative genius of your smartphone is always balanced by the terrorising and ever present ‘low battery’ sound. At every smartphone launch, every time I get my hands on a new handset, my childlike awe is immediately tempered by the crushing reality of how much power [...]

Latest News & Information

Current Articles | Archives | Search

Depressing Michigan Economy Driving Alcohol Sales
By David Najor :: Sunday, February 15, 2009 :: 13764 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.”