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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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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