Getting a business off the ground in today's economy takes more than a good idea. We've put together a list of steps you'll need to take before starting a business in 2018. To start off, you need to do extensive market research. Make sure there are no other products on the market that are doing what you do. Once you understand the market you are trying to enter, then it is time to put together a detailed business proposal. You'll want that proposal to explain what your business would do, who would be leading, and how it will be profitable. A solid business plan is key to landing funding. Watch the segment to learn the rest of our tips.

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US businesses that rely on Chinese imports express relief and anxiety
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
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