Are you interested in starting a waste recycling business? Do you want to know what it takes to start a waste management business? Do you need a sample e-waste recycling business plan template or feasibility study? Then i advice you read on.
With the onset of globalization and modernization, it is inevitable that huge amounts of garbage will be thrown away from homes every day. Because of this fact, it is important that the percentage of garbage that will be managed and recycled would somehow be equal to those which cannot.
The benefits of waste management recycling
Recycling not only helps rid the world of garbage but can also help in making sure that there are less polluted lands. With the increased awareness in environmental protection, you as a business owner can take the opportunity and start your own waste recycling plant.
This article is all about how to start a waste recycling business. Listed below are the different things you should know if you plan on starting such business. But before I go into the details of starting a e-waste management recycling business, I want to emphatically state that the information provided in this article does not in any way replace the need for you to conduct a feasibility study, write a business plan and do your own due diligence.
Secondly, the information shared in this article is applicable to any locality; be it USA, Canada, UK, Nigeria, Ghana, etc. Without wasting your time, below is an in-depth guide to starting your own e-waste recycling business with little or no money.
Starting an eWaste Recycling Plant – Sample Business Plan Template
1. Now that you have made up your mind to learn how to start a waste recycling business, the first thing you should decide on is how to establish your business.
Make sure you know the types of businesses yours can take on. You can either run it independently; as a co-owned business; a partnership; or a limited liability company (LLC). You should take steps to obtain a license and permit for your business.
2. If you are just starting out, you should know that it is possible for you to commit to recycling everything recyclable. However, since you are still starting, it is a good idea to start recycling paper first since you still have limited capital and you might not have all the necessary resources at first.
As time goes on, you may gradually expand to include other recyclable materials like computers, plastics, organic, nylon, bottles, food waste, green waste, paper, wood, scrap metal, onstruction waste, electronics and others.
3. In learning how to start a waste recycling business, make sure that you get the proper certification. There are different regulations for different states and make sure to know how you can get certified in the state you would want to set up your waste recycling plant. Certificates are important for buying or selling CRV-labeled containers.
4. Find an appropriate location for your waste recycling business. You might want to choose a spot where people could be allowed to drop off their recyclable materials and where you can pick up on a regular schedule to be taken to your main recycling facility. You can either choose a warehouse or even a small stall close to commercial establishments like supermarkets and restaurants.
5. Buy or lease the necessary equipment you need for recycling. In order to start a waste recycling business, it should be clear to you that you cannot recycle materials without having the proper machines to be able to do so. You would need weighing scales, huge bins, trucks, and some equipment for your office. You should get your weighing scales certified since they will be checked periodically.
6. See if you will find other competitors in the area. If there are, see if they have the same recycling techniques you will be employing. If their services are limited, you would be gaining more profit if you offer a wider range of services.
7. Advertise your business by creating a website, distributing handouts and posting ads in the newspapers.
As a final note, the most important thing to consider when starting a waste recycling business is the costs and fees involved with the business. This would include business license fees, state income tax, business tax certificate, employee payroll taxes, federal income tax, and other types of fees. Check with your local or state government for the requirements.