What is Fixed Costs

This chapter is aimed at providing information and guidance that may help voluntary migrants and refugees construct a new life for themselves and for their families by starting a new business to support them financially in a new setting far from their original homeplace. Cultural, legal, and operational aspects as well as management issues are of the utmost importance for a fledgling entrepreneur. In fact, these are issues that are relevant anywhere in the world and should help guarantee the success of a new company. The steps an entrepreneur will have to follow to turn a dream of starting a business into reality are discussed here. Such steps go from the starting point of identifying a business opportunity in the new region and evaluating the skills and financial resources available to implement the idea up to planning, executing, and monitoring. Specific advice is provided regarding family businesses.