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.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
