Do you want to start a hair recycling business and need to write a plan? If YES, here is a sample hair recycling business plan template & feasibility report. There are diverse niches in the recycling industry and one of them you can specialize in is hair recycling technology business. This business is highly profitable because there is hardly any country or city that you won’t find barbing saloons or hair care facilities that generate hair as waste products.

Before now, hair as a waste product is a menace to the society causing harm to both plant and animals because of its inability to decompose. But with hair recycling technology, it is now profitable to recycle hair into useful products hence opening up business opportunities for entrepreneurs.

Below is a sample hair recycling technology company business plan template that can help you write your own with little or no stress.

A Sample Hair Recycling Technology Business Plan Template

1. Industry Overview

Hair recycling technology business falls under the waste collection services and recycling industry and companies that operate in this industry basically collect hazardous and nonhazardous waste and recyclable materials. Nonhazardous waste includes municipal solid waste (household waste) and industrial and commercial waste.

Transfer stations where waste is transferred from local vehicles to long-distance automobiles for transport to disposal facilities are also included in the Waste Management industry. It is important to state that this industry does not account for government-provided services of a similar nature.

A close study of the industry shows that the waste collection services and recycling industry has benefited from the recovery of the industrial, construction and commercial business sectors. As these sectors expand, it is natural for them to produce more waste. So also, steady demand from the residential market has helped stabilize the overall revenue generated by the waste collection services industry.

Going forward, the demand for waste collection services and recycling will continue to be driven by population growth, privatization and hair care related business creation. Additionally, the industry will benefit from the public’s growing interest in the recycling industry.

The waste collection services and recycling industry that hair recycling technology business is a part of will continue to experience growth in all parts of the world especially in developed countries such as united states of America, Canada, United Kingdom, Germany, Australia, South Korea, Japan and China et al. The companies with the leading market share in the industry are Republic and Waste Management.

Statistics has it that in the United States of America alone, there are about 7,676 licensed and registered waste collection services and recycling companies responsible for employing about 206,928 employees. The industry rakes in a whooping sum of $45 billion annually with an annual growth rate projected at 0.6 percent within 2011 and 2016.

A recent report published by IBISWORLD shows that the distribution of establishments in the waste collection services and recycling industry across the United States largely reflects the size and distribution of the US population and economic activity. Densely populated areas that are particularly economically active tend to generate large quantities of waste, necessitating the presence of greater numbers of industry establishments.

The report further stated that other factors that contribute to the relative concentration of industry establishments in a geographic location include the structure of the local economy and the commitment to and level of recycling. Some industries, particularly in the service sector, generate relatively little waste.

Some of the factors that encourage entrepreneurs to start their own hair recycling technology business could be that the business is easy to set up and they can easily get support from the government. The fact that people generate hair wastes on a daily basis means that there is always a ready market for hair recycling technology companies.

Just like any other business, if you are able to conduct your cost analysis, market research and feasibility studies before launching your hair recycling technology company, you are more likely not going to struggle to grow the business because there are loads of hair care salons and related businesses out there who are looking for hair waste management and recycling companies to help them handle their hair wastes.

Over and above, starting and operating a hair recycling technology company can be challenging, but the truth is that it can be rewarding at the same time.

2. Executive Summary

Green Base® Hair Recycling Technology, LLC is a U.S based licensed recycling company with strong bias for recycling hair waste. We have been able to secure a standard and well – positioned facility in an industrial estate in San Jose – California; a facility that is well positioned and highly suitable for the kind of hair waste recycling plant that we want to build.

We are in the waste management and recycling industry to contribute our quota in saving the earth and also to compete in the highly competitive industry. Green Base® Hair Recycling Technology, LLC will be involved in the collection and recycling of hair waste. Our business goal is to become one of the leading hair recycling technology companies in the United States of America.

Our workers are going to be selected from a pool of certified and highly experienced recycling engineers and technicians in and around San Jose – California. We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete favorably with leading hair recycling plants in the United States.

At Green Base® Hair Recycling Technology, LLC our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Green Base® Hair Recycling Technology, LLC is a private registered business that is owned by Engr. Richard McCain, a recycling engineer who graduated from Illinois Institute of Technology with a degree in Mechanical Engineering and his friend Joseph Chaps (B.Sc. Business Management). They have a combine experience that can help them build Green Base to favorably compete with other leading recycling plants in the United States of America.

3. Our Products and Services

Green Base® Hair Recycling Technology, LLC was established with the aim of maximizing profits in the waste management and recycling industry. We want to compete favorably with leading hair waste recycling plants in the United States which is why we have put in place a competent quality assurance team that will ensure that every recycled hair waste that leaves our recycling plant meets and even surpasses our customers’ expectations.

We will work hard to ensure that the products and brand of Green Base® Hair Recycling Technology, LLC is not just accepted in San Jose – California but also in other cities in the United States of America. We will recycle hair waste to form the following products;

  • Wigs
  • Test tresses, weaves and mannequin heads all made of human hair
  • Components of fertilizer (human hair combined with compost is good fertilizer for plants)
  • Mats that help protect the plant’s roots from weather and insects
  • Clothes (weaved hair into fabrics)
  • Craft a work of art
  • Soy sauce (since human hair is rich in protein, we were able to treat it, remove the amino acids, and pass it off as soybean oil)
  • Nesting material
  • Crafting rope

4. Our Mission and Vision Statement

  • Our vision is to create a standard hair waste management and recycle plant whose products and brand will not only be accepted in San Jose – California but also in other cities in the United States of America.
  • Our mission is to provide standard recycled hair materials that will assist the relevant industries in saving cost and energy and also to contribute our quota in helping save our world from unnecessary degradation caused by buried hair waste.
  • We want to build a hair waste recycling plant that can favorably compete with other leading brands in the waste management and recycling industry.

Our Business Structure

Green Base® Hair Recycling Technology, LLC intends starting small in San Jose – California, serving smaller industries (cottage companies) within our locations, but hopes to grow big in order to compete favorably with leading hair recycling plants in the industry.

We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own. At Green Base® Hair Recycling Technology, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of eight years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Recycling Plant Manager
  • Human Resources and Admin Manager
  • Sales and Marketing Executive
  • Accountant
  • Plant Engineers/Technicians and Operators
  • Client Service Executive
  • Truck Drivers

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Recycling Plant Manager:

  • Oversee recycling pick-up programs to ensure compliance with community ordinances.
  • Create or manage recycling operations budgets
  • Supervise recycling technicians, community service workers, or other recycling operations employees or volunteers.
  • Inspect physical condition of recycling or hazardous waste facility for compliance with safety, quality, and service standards.
  • Schedule movement of recycling materials into and out of storage areas.
  • Provide training to recycling technicians or community service workers
  • Oversee campaigns to promote recycling or waste reduction programs in communities or private companies.
  • Coordinate recycling collection schedules to optimize service and efficiency.
  • Develop community or corporate recycling plans and goals to minimize hair waste and conform to resource constraints and develop program goals or plans.
  • Identify new opportunities for materials to be collected and recycled.

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of the daily office activities.

Sales and Marketing Manager

  • Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Model demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Create new markets cum businesses for the organization
  • Empower and motivates the sales team to meet and surpass agreed targets

Accountant/Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Recycling Plant Engineers (2) and Technicians/Machine Operators (8)

  • Responsible for installing, maintaining and repairing of all the recycling machines in the plant
  • Operate recycling equipment, such as sorters, balers, crushers, and granulators to sort and process materials.
  • Responsible for sorting, shearing, shredding, torching and baling hair waste materials to be sold to downstream metal smelters for further processing.
  • Handle any other job functions as it relates to recycling materials.

Truck Drivers

  • Assist in loading and unloading hair waste materials and recycled materials.
  • Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
  • Keep a record of vehicle inspections and make sure the truck is equipped with safety equipment
  • Assist the transport and logistics manager in planning their route according to a pick – up and delivery schedule.
  • Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
  • Comply with hazardous waste truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
  • Report defects, accidents or violations

Client Service Executive

  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
  • Receives parcels / documents for the company
  • Distribute mails in the organization
  • Handles any other duties as assigned by the manager.

6. SWOT Analysis

Green Base® Hair Recycling Technology, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured hair technology recycling business that can favorably compete in the industry.

Part of what the team of business consultants did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Green Base® Hair Recycling Technology, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Green Base® Hair Recycling Technology, LLC;

  • Strength:

Our core strength lies in the power of our team. We have a team of certified and highly trained hair waste management specialists, recycling engineers and technicians/machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.

Aside from the synergy that exists in our carefully selected workforce, our product will be guided by best practices in the industry, and our hair waste recycling technology plant is centrally positioned in an industrial estate and it is built to fit into the design of a 21st century recycling plant.

  • Weakness:

As a new hair waste recycling technology company in San Jose – California, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the highly competitive recycling industry; that is perhaps our major weakness.

  • Opportunities:

The opportunities in the waste management and recycling industry is massive considering the number of individuals and manufacturing companies who are now switching over to alternative source of raw materials to save cost and energy. As a hair waste recycling technology company, we are ready to take advantage of any opportunity that is available in the industry.

  • Threat:

A major threat that we are going to face in this business is the acceptance of products that are made from hair waste.

7. MARKET ANALYSIS

  • Market Trends

One obvious trend in the waste recycling industry is that players in this industry leverage on saving the earth and balancing the ecosystem to promote their business. As a matter of fact, governments all over the world are in the forefront when it comes to campaigning in favor of recycling materials. This is because it will help save cost and energy and the earth that we live in will be the better for it.

If you are a keen follower of the trends in the waste recycling industry, you will realize that players in this industry position their recycling plant close to clients to reduce transportation costs and turnover time. This is one of the major reasons why you can easily find hair recycling technology plants located close to residential and commercial estates.

In spite of obvious recessionary challenges and in the wake of a consumer preference shift toward green products and growth in environmental regulations that encourage recycling of hair waste, the waste collection and recycling industry is expected to experience healthy growth going forward as purchases of recycled hair products drive demand in the industry.

Lastly, more and more manufacturing industries are beginning to see the benefits of going for recycled materials as against virgin raw materials in their productions. This is the reason why the industry is expanding and becoming more profitable.

8. Our Target Market

We have created strategies that will enable us reach out to various manufacturing / production companies who we know can’t afford to do without our materials. Below is a list of the people and organizations that we will market our products and services to;

  • Wigs manufacturing companies
  • Test tresses, weaves and mannequin heads manufacturing companies
  • Fertilizer production companies
  • Clothes and textile manufacturing companies
  • Soy sauce manufacturing companies
  • Nesting material, Craft a work of art and Crafting rope manufacturing companies

Our competitive advantage

The waste recycling industry is an emerging market that is yet to be fully embraced globally, therefore there is little or no competition in the industry at the moment. Although there is a relationship between the emerging players as they cannot do without the other. Since the industry is a multi-stage one, there is need for collaboration among players in order to have a win-win situation for all players.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience recycling engineers and technicians/machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.

Aside from the synergy that exists in our carefully selected workforce, our product will be guided by best practices in the industry and our hair waste recycling technology plant is centrally positioned in an industrial estate and it is built to fit into the design of a 21st century recycling plant.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and objectives.

9. SALES AND MARKETING STRATEGY

Some environmental experts stated that the world market for waste, from collection to recycling is worth around 300 billion Euros (US $410 billion). The recycling business is therefore a growing business that has futuristic benefits; there are markets in the developing world that can be tapped into especially in Africa, Asia and Latin America.

We are mindful of the fact that there are growing competitions in the hair waste and recycling industry especially in the United States; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the hair waste management and recycling industry and they will be trained on a regular basis so as to be well equipped to meet their targets in Green Base® Hair Recycling Technology, LLC.

Our corporate goal is to grow Green Base® Hair Recycling Technology, LLC to become one of the top 5 hair waste management and recycling brands in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in San Jose – California but also in other cities in the United States of America.

Green Base® Hair Recycling Technology, LLC is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our hair waste recycling technology company by sending introductory letters alongside our brochure to manufacturing/production companies and other key stake holders in the manufacturing industry.
  • Advertise our business in relevant business magazines, newspapers, TV and radio stations.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Join local chambers of commerce and industries with the aim of marketing our products
  • Encourage word of mouth marketing from loyal and satisfied clients

Sources of Income

Green Base® Hair Recycling Technology, LLC is established with the aim of maximizing profits in the hair waste management and recycling industry and we are going to ensure that we do all it takes to meet and surpass the expectations of our clients.

Green Base® Hair Recycling Technology, LLC will generate income by selling and supplying the following products;

  • Wigs
  • Test tresses, weaves and mannequin heads all made of human hair
  • Components of fertilizer (human hair combined with compost is good fertilizer for plants)
  • Hair mats that help protect the plant’s roots from weather and insects
  • Clothes (weaved hair into fabric and clothes making.)
  • Craft a work of art
  • Soy sauce (since human hair is rich in protein, we were able to treat it, remove the amino acids, and pass it off as soybean oil)
  • Nesting material
  • Crafting rope

10. Sales Forecast

One thing is certain, there would always be manufacturing/production companies who cannot but source their raw materials from hair waste recycling technology plants.

We are well positioned to take on the waste management and recycling industry and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow our company to enviable heights.

We have been able to examine the hair waste management and recycling market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projections for Green Base® Hair Recycling Technology, LLC, it is based on the location of our business and of course the wide range of our products and target market;

  • First Fiscal Year (FY1): $240,000
  • Second Fiscal Year (FY2): $550,000
  • Third Fiscal Year (FY3): $800,000

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor within same location where our hair waste management and recycling plant is located or where our target market exists. Please note that the above projection might be lower and at the same time it might be higher.

11. Publicity and Advertising Strategy

We have been able to work with our in – house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for manufacturing / production companies in the whole of San Jose – California and beyond which is why we have made provisions for effective publicity and advertisement of our hair waste recycling technology company.

Below are the platforms we intend to leverage on to promote Green Base® Hair Recycling Technology, LLC;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events/programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our products
  • Install our Billboards in strategic industrial locations all around San Jose – California
  • Distribute our fliers and handbills in target areas where we intend collecting hair waste
  • List our company in local directories/yellow pages
  • Advertise our business in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles / trucks are well branded with our company logo et al.

12. Our Pricing Strategy

At Green Base® Hair Recycling Technology, LLC we will keep the prices of our recycled hair waste materials below the average market rate by keeping our overhead low and by collecting payment in advance.

  • Payment Options

The payment policy adopted by Green Base® Hair Recycling Technology, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Green Base® Hair Recycling Technology, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via mobile money
  • Payment via Point of Sales Machines (POS Machines)
  • Payment via check
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our clients make payment for our products without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

This is what it would cost us to set up Green Base® Hair Recycling Technology, LLC in the United of America;

  • Business incorporating fees in the United States of America will cost – $750.
  • The budget for Liability insurance, permits and license will cost – $3,500
  • Acquiring facility that will accommodate the hair waste recycling technology plant we want to build will cost – $120,000.
  • The amount required to purchase the needed hair waste recycling equipment and machines – $80,000
  • Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
  • The amount required to purchase the needed software applications to run our business – $ 3,500
  • Launching an official Website will cost – $500
  • The amount needed to pay bills and staff members for at least 2 to 3 months – $70,000
  • The amount needed to acquire pick-up trucks – $50,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about three hundred and fifty thousand (350,000) U.S. dollars to successfully setup a medium scale hair waste management and recycling plant in the United States of America.

Generating Funds/Startup Capital for Green Base® Hair Recycling Technology, LLC

Green Base® Hair Recycling Technology, LLC is owned and managed by Engr. Richard McCain and his friend Joseph Chaps. They are the financiers of the business which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

  • Generate part of the startup capital from personal savings and sale of his stocks
  • Generate part of the startup capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $250,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting Green Base® Hair Recycling Technology, LLC is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to sell our recycled hair materials a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Green Base® Hair Recycling Technology, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of eight years or more. We know that if this is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts : Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a standard facility to build a standard and modern hair waste recycling technology plant: Completed
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the startup capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Purchase of repair and installation tools and equipment: Completed
  • Printing of Packaging and Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed recycling machines, equipment and trucks: In Progress
  • Purchase of the needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
  • Creating Official Website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in the barbing salon and hair care industries and pick-up points for hair waste materials: In Progress
Joy Nwokoro