Imgae by: stepbystepbusiness.com
Conduct a market research! You should find out what recycling companies already exist in your area, how successful they are and if your region has sufficient volumes to support another recycling company.
Money you need to start your recycling business depends on the type of business you want to run. Remember that you'll need enough money to live until your business is profitable.
After all the research you've done, it's time to create a business plan. It's a formal document that describes how you'll develop and manage your business.
Choose a name for the company. It should be easy to read and pronounce. Once you have registered the name of your recycling company, it's time to define the business structure.
The recycling sector requires several licenses. The following are some instances of common licenses and permits needed: - Employer Identification Number - Business license for operations - Environmental department’s permission - Business license to collect material
The next step is to decide where to start your recycling business. You must buy or rent a building to store, process, or sell recyclable materials. Choose a location close to landfills or waste disposal facilities
Your business’s success depends on the tools you use. Here’s a list of some of the tools you’ll need: - Crushers - Shredders - Compactors - Baler - Forklift - Containers - Scales
The next step is to form a team and hire some experts to manage the work. People are needed to manage customers.
You may be able to maintain your business with a large number of small customers, but being able to acquire a large customer can significantly increase your sales and credibility.
Once your business is up and running, it's important that you follow all the guidelines set by the federal and local governments for your particular type of recycling company.
Manufacturer of Waste & Recycling Equipment