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.