- Electronic devices
- Automotive parts
There are also specialized recycling programs, like those for recycling ink cartridges or those that facilitate business recycling program initiatives.
Before you can start recycling, you need to learn how to start a business . Here’s what you need to get started.
Some points to consider include:
Here are some tips for getting your business plan right. The business description needs to detail whether you’re starting a paper, recycling, or e-waste recycling venture. Be specific about what you’ll be handling.
The market analysis needs to describe the different segments and whether you will count on industrial, commercial, or residential clients.
Financial planning for a startup business should include costs like marketing, insurance, licenses, and equipment plus others.
Recycling businesses need to stay compliant with regulations to minimize pollution and protect health. Noncompliance can have legal consequences.
First, you need to pinpoint the kind of recycling venture you are going to start. These can vary depending on your location and the kind of materials you handle. Permits usually mean you’ll need to deal with federal state and local governments.
Federally, you need to deal with the Environmental Protection Agency (EPA). Each state has its own agency. Cities and counties may have their own departments too.
Consider using an environmental consulting firm.
Specific protocols depend on the type of business but here are a few general pointers.
If you want to make money with a recycling business, you must start by knowing what costs.
Here’s a list with some prices.
For Material Handling
Heavy Equipment
Depending on the material you might need crushers, excavators, and loaders. Heavy equipment costs anywhere from $50,000 to several hundred thousand dollars.
Before you commit to a location, conduct a feasibility study and site assessment. Make sure the location lines up with regulatory and zoning compliances.
Showcase your service and how it contributes to broader social goals. For example, highlight how it supports green initiatives. Brand it as a company that reduces landfill waste.
Here are a few tips to make your business profitable.
Analyse and research the market demand. Plus you want to look at the competition and the availability of materials.
The number one thing to look out for here is contamination. Visual inspections can identify contaminants like food waste and trash.
Organizations and businesses that parallel your operations make for good partners and collaborations. Search for other recycling businesses that share your environmental responsibility goals.
Put together an excellent value proposition highlighting your benefits, resources, and expertise.
A recycling business can provide different services.
These programs collect recyclables from residential properties. The residents sort recyclables and put them in bins. They get picked up curbside.
These programs work with businesses. They provide processing, sorting and collection services for materials like metals, plastics and paper.
These services look after collection and disposal. They collect recyclables from the curb and include sorting and environmentally responsible treatments.
Here’s a step-by-step guide to launching a recycling business.
You can start by establishing partnerships with waste management companies or local cities and municipalities. Other entrepreneurs can set up their own curbside collection programs and/or drop-off locations.
There are two commonly used options here. The manual sorting facility needs a location where trucks can deliver recyclables. You’ll need a lot of space for sorting equipment.
An automated sorting facility requires fewer workers. However, it does need a computerized control system to adjust and monitor the processes.
Here are the three most successful marketing options for a recycling program.
Running a successful business includes the following:
Optimizing and analyzing your processing and sorting operations is top of the list. Effective resource management means improving your efficiency and maximizing your material recovery rates.
Look for feedback and share educational content to build a loyal customer base.
One of the top metrics is the waste diversion rate. It’s the percentage of waste that gets diverted away from landfills.
How profitable is a recycling business.
The market price for the recyclable items you are working with is a big factor. By 2028, the industry is forecast to be worth US$90 billion.
There are several sustainable business ideas within the recycling industry. Metal recycling and electronic waste are the two that generate the most money.
Yes, in several ways. A recycling business diverts glass, plastics, paper, and metal from landfills. These businesses reduce the need for processing raw materials.
Like any business, there are risks with a recycling process. If contamination and quality control aren’t done properly, processing costs increase.
Market prices for items like plastics paper and metal can be volatile for those who want to sell recyclable materials.
Municipalities often offer contractual agreements to recycling companies. These companies can operate curbside collection services for the municipality. They can also manage and establish drop-off centers. Both are recycling program options.
Image: Envato Elements
© Copyright 2003 - 2024, Small Business Trends LLC. All rights reserved. "Small Business Trends" is a registered trademark.
Starting a successful recycling business requires thoughtful planning and research. Whether you are looking to create a small-scale operation or launch a full-scale business, having the right plan in place is essential for success. The #1 Recycling Business Plan Template & Guidebook is designed to help entrepreneurs craft a comprehensive and easy-to-follow business plan from start to finish. With this template, recyclers will be able to refine their ideas, outline objectives and goals, determine their competitive advantages, and more.
Get worry-free services and support to launch your business starting at $0 plus state fees.
1. describe the purpose of your recycling business..
The first step to writing your business plan is to describe the purpose of your recycling business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.
It also helps to include a vision statement so that readers can understand what type of company you want to build.
Here is an example of a purpose mission statement for a recycling business:
Our mission is to champion recycling initiatives that promote sustainability and reduce environmental impact. We aim to be a leader in the recycling industry, creating innovative solutions that increase efficiency and reduce waste, while educating our customers on the importance of sustainability for our planet.
The next step is to outline your products and services for your recycling business.
When you think about the products and services that you offer, it's helpful to ask yourself the following questions:
You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.
If you don't have a marketing plan for your recycling business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals.
A good marketing plan for your recycling business includes the following elements:
Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations.
In it, you should list:
The second part of your recycling business plan is to develop a management and organization section.
This section will cover all of the following:
This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.
Typically, expenses for your business can be broken into a few basic categories:
Startup Costs
Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a recycling business varies based on many different variables, but below are a few different types of startup costs for a recycling business.
Running & Operating Costs
Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.
Marketing & Sales Expenses
You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your recycling business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.
A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your recycling business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses.
Here are some steps you can follow to devise a financial plan for your recycling business plan:
Why do you need a business plan for a recycling business.
A business plan is an important document that outlines the goals, strategies and implementation of a business. A business plan for a recycling business will provide direction and structure to the business, enabling it to stay on track as it grows and develops. It can highlight potential areas of growth, as well as identify any potential risks or challenges that may arise along the way. Additionally, potential investors can use the business plan to understand the viability of the recycling business, and decide whether or not to invest in it. Ultimately, a well-crafted business plan is essential for any successful recycling business.
You could ask a local recycling facility or a business professional with experience in creating business plans. You might also want to contact your local Small Business Association (SBA) and ask for guidance on developing a business plan.
Yes, it is possible to write a recycling business plan yourself. Writing a business plan is time-consuming and requires research, financial analysis, and creative thinking. To get started, you should identify your goals, assess the market potential, create a marketing strategy, estimate startup costs, and develop an operational plan. You then need to review the legal aspects of starting a recycling business and create financial projections for your company. Finally, you should review your business plan with experts or experienced entrepreneurs before launching your recycling business.
We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.
Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.
From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.
Need a consultation? Call now:
Talk to our experts:
Published Aug.26, 2013
Updated Apr.23, 2024
By: Jakub Babkins
Average rating 5 / 5. Vote count: 5
No votes so far! Be the first to rate this post.
Table of Content
If you are considering starting up your own recycling company, you should know that the business opportunities available are as wide-ranging and varied as the tons of stuff that we dispose of every day. Starting a recycling company business does not require you to hold technical knowledge, you can start it with a small team and with less funding. You can start it at any scale and can expand or narrow down your offerings whenever you want.
To start any business, it is important to follow the proper procedure. First, you will have to develop a business plan . To learn how to write a recycling proposal, you can take help from this provided sample. This is a business plan for a recycling company named ‘Greenworks Recycling Center’. This business plan would also be helpful in writing scrap metal business plan .
2.1 the business.
Greenworks Recycling Center will be a recycling company owned by Ardon John in New York. The primary aim of the business will be to recycle and reuse plastic waste materials. Our recycling company will focus to recycle plastic wastes like plastic containers, bottles, polythene, polybag, plastic boxes, packets, sheets, and the like, and turn them into useful products. The business will offer a wide range of services and products for the ease of its customers.
To start a plastic recycling business, you must have strong management skills. Adequate planning is necessary to ensure flawless management. There is no better way to plan out every aspect of your company than developing a recycling company business plan pdf like the one offered here.
A relevant business plan such as a business plan for e waste recycling company can also help you write your strategic plan.
In this recycling business proposal, we will guide you on all the major aspects of a strong business plan. This business plan is written for investors as Ardon needed funding to set up his recycling business.
Our customers and the people who will benefit from our products and services are expected to belong to both ends of the supply chain. Our customers will belong to almost all work domains as plastic recycling is required in many diverse areas nowadays. However, our potential and recurring customers are identified as follows:
Our target is to become the most trustworthy and reliable choice for our target customers whenever they need recycled and reused plastic materials.
Our financial targets to meet for the first three years of our launch are demonstrated below:
3.1 greenworks recycling center owner.
This Greenworks Recycling Center will be owned by Mr. Ardon John. Ardon Jack completed his master’s in environmental sciences a few years back. After his academic career, he pursued a manager position in a noteworthy recycling company. Recently, he left his job to start his own business of recycling plastic materials to create environmentally friendly products.
Ardon noticed that as the environmental movements began to take hold on a national scale, recycling started to be viewed as a personal manifestation of helping the environment. So, he decided to bring innovation to existing modes through his intellect and knowledge. Therefore, he decided to start his own recycling business to fully implement the great ideas he had.
Step1: Plan Out Everything
To learn how to start your own recycling company, first, you will have to make a business plan. To help you in creating a business plan we are providing a recycling company business plan . For opening a recycling business, you can take help from this business sample or go through other business plans like greentech consulting business plans to get an idea of what to include when planning for a startup.
Step2: Branding
The next step is to get your company and its values and services recognized by customers. For this purpose, Greenworks Recycling Center will make a brand that people can trust. Defining the brand is important as it enables you to introduce a good image of your business to your customers. It also helps you create a space for yourself in the market.
Step3: Physical Space
The next step is establishing the physical presence of the business and for this purpose, Ardon decided to buy a large place in the outskirts of New York. To set up his recycling company, he acquired land that had shades, a closed space, large rooms, and a technical room. After acquiring the space, he got the machinery installed there.
Step4: Online Presence
A wider audience can be attracted through online channels so establishing an online presence is a must if you start a business nowadays. Ardon decided to make a mobile-friendly app, website, and social media page for his business to reach out to a wider audience.
Step5: Advertisement
Marketing is the most important thing for the promotion of the business. Ardon will develop a thorough plan for the advertisement of his business. In later sections, we will document the sales strategy developed by Ardon.
Marketing is the most important thing for the promotion of the business. Ardon will develop a thorough plan for the advertisement of his business.
Legal | $132,400 |
Consultants | $0 |
Insurance | $22,200 |
Rent | $33,200 |
Research and Development | $10,000 |
Expensed Equipment | $53,200 |
Signs | $3,400 |
Start-up Assets | $222,400 |
Cash Required | $209,000 |
Start-up Inventory | $39,000 |
Other Current Assets | $233,000 |
Long-term Assets | $232,000 |
Start-up Expenses to Fund | $254,400 |
Start-up Assets to Fund | $935,400 |
Assets | |
Non-cash Assets from Start-up | $1,196,800 |
Cash Requirements from Start-up | $234,000 |
Additional Cash Raised | $50,000 |
Cash Balance on Starting Date | $33,200 |
Liabilities and Capital | |
Liabilities | $18,200 |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $53,200 |
Other Current Liabilities (interest-free) | $0 |
Capital | |
Planned Investment | $1,189,800 |
Investor 1 | $0 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
Loss at Start-up (Start-up Expenses) | $252,800 |
Your business plan of recycling company must include the services that you will provide to your targeted customers. You may have many plastic recycling business opportunities, but you have to choose the ones that are in the most demand in your target location.
For starting a recycling company, you can follow this guide on how to open a recycling business to figure out what the market for the business looks like and what services are ideal to be included in your startup. This business plan sample can also aid in writing other business plans such as business plan for a distilled business.
Following are the services that will be provided by our Greenworks Recycling Center Company:
This will be the main service offered by us. We will retrieve plastic material from solid waste and process it for recycling or reuse. Plastic is of distinctive types and it usually has joint material attached to it. Our company will segregate plastic consisting of different polymers, strengths, and qualities.
To ensure that our customers send the right materials to be recycled, we will spread information about the materials that can be recycled and the ones that cannot be. This information will be distributed every time we enter into a partnership with a company or an organization.
Our customers will be able to take advantage of our low-cost dumpsters and containers that they can rent out for a short period.
The plastic materials we purchase and retrieve will be sold to local buyers and the ones from other states. We will try to make recycled plastic material buyers a permanent customer group for the business.
Excellent work.
excellent work, competent advice. Alex is very friendly, great communication. 100% I recommend CGS capital. Thank you so much for your hard work!
To learn how to start up a recycling business, you should have an excellent understanding of your target market. You can gain this understanding by doing an extensive market analysis as a part of yourmarketing plan for recycling business. This analysis should look into current market trends as well as compare them with past trends. The same marketing plan can be used for business plan for an e waste recycling company.
Your recycling business model should also analyze the rates of similar services in the market. If you don’t know how to open a recycling business company and how to price your offerings then you can take help from this business plan.
This business plan can also be used to make other business plans like electronic recycling business plan and waste paper recycling business plan.
According to IBIS World, the recycling industry holds a market size of $77 Billion in the United States, employing almost 70,961 people. The industry is continuously in demand as more and more people adopt recycling in their life. So, opening a plastic scrap recycling business is a very smart move as the demand will only increase.
The potential customers of Greenworks Recycling Center are divided into the following groups:
5.2.1 commercial businesses.
Our commercial customers will range from smaller retail businesses to urban skyscrapers with high-volume waste streams. We will provide permanent, temporary, and need-based trash removal and recycling services.
Residential customers have a variety of materials to be recycled. Some households generate enough trash making it economically feasible for the resident to utilize a larger commercial-sized trash container for weekly trash service.
Industrial customers frequently require roll-off dumpsters, compactors, trash containers, and waste plastic recycling equipment. Industrial customers are expected to contact us for scrap metal hauling and redemption, cardboard and waste paper recycling, construction and demolition debris collection, and trash disposal.
Our company will also provide trash and recycling services to government buildings and organizations.
Commercial Businesses | 36% | 53,200 | 63,840 | 76,608 | 91,930 | 110,316 | 10.00% |
Residential Community | 30% | 43,200 | 51,840 | 62,208 | 74,650 | 89,580 | 10.00% |
Industrial & Manufacturing | 22% | 23,200 | 27,840 | 33,408 | 40,090 | 48,108 | 10.00% |
Government | 12% | 23,200 | 27,840 | 33,408 | 40,090 | 48,108 | 11.00% |
10% |
Our prices will be economical as compared to our competitors. We aim to provide the best services at a nominal rate.
To start a recycling company, you must develop the best business plan with an impressive sales strategy. A strong marketing strategy is needed to attract a wider audience. To gain attention in the market among your competitors, you need to highlight your competitive advantages.
This is a business plan developed for Greenworks Recycling Center by a business consultancy firm. You can use this business plan to write other business plans like shoe business plan . You can learn a lot from here if you are even making a skateboard store business plan .
Unit Sales | |||
Plastic Retreival | 750 | 795 | 843 |
Waste Services | 950 | 1,007 | 1,067 |
Dupmster & Container Rental | 1,250 | 1,325 | 1,405 |
Plastic Materials Sale | 550 | 583 | 618 |
Unit Prices | Year 1 | Year 2 | Year 3 |
Plastic Retreival | $250.00 | $290.00 | $336.40 |
Waste Services | $750.00 | $870.00 | $1,009.20 |
Dupmster & Container Rental | $250.00 | $290.00 | $336.40 |
Plastic Materials Sale | $300.00 | $348.00 | $403.68 |
Sales | |||
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Plastic Retreival | $100.00 | $110.00 | $115.50 |
Waste Services | $250.00 | $275.00 | $288.75 |
Dupmster & Container Rental | $100.00 | $110.00 | $115.50 |
Plastic Materials Sale | $120.00 | $132.00 | $138.60 |
Direct Cost of Sales | |||
The success of an eco-conscious business such as a recycling business depends not only on its services but also on the values and behavior of its workforce. So, you have to be very careful when you are hiring employees in your company. You also need to be very diligent in background checks when hiring for these positions.
This business plan for a plastic recycling company has all the detail regarding the employment practices of a recycling service business. The same personnel plan can be used for starting a paper recycling plant.
The list of employees, necessary for the business to function, includes:
Manager | $30,000 | $33,000 | $36,300 |
Recycling Plant Personnel | $180,000 | $198,000 | $217,800 |
Executive Operations | $30,000 | $33,000 | $36,300 |
Technician | $22,500 | $24,750 | $27,225 |
Accountant | $23,500 | $25,850 | $28,435 |
Drivers | $175,000 | $192,500 | $211,750 |
It is essential to manage your operations timely and efficiently to earn recycling business profit. A detailed financial analysis is necessary to ensure that your business is not getting into a loss. The recycling companies business plan must contain all the financial information to help analyze how to direct cash flows to earn revenue.
Evaluating the startup costs are also important for your financial plan. In your financial plan, you must identify when and how you’ll cover your investment amount with the earned profits. It would also help you to analyze your yearly expenses to determine the possibilities of reducing them. To know how to make an accurate financial plan and which projections to include in it, you can see this business plan. Here we’re providing the detailed financial plan made for Greenworks Recycling center.
The financial plan of this sample can also be used to write jewelry business plan .
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 8.12% | 8.20% | 8.26% |
Long-term Interest Rate | 8.40% | 8.44% | 8.47% |
Tax Rate | 24.03% | 24.21% | 24.60% |
Other | 0 | 0 | 0 |
Monthly Units Break-even | 5340 |
Monthly Revenue Break-even | $132,500 |
Assumptions: | |
Average Per-Unit Revenue | $231.00 |
Average Per-Unit Variable Cost | $0.62 |
Estimated Monthly Fixed Cost | $163,800 |
Other | $0 | $0 | $0 |
TOTAL COST OF SALES | |||
Expenses | |||
Payroll | $461,000 | $507,100 | $557,810 |
Sales and Marketing and Other Expenses | $145,000 | $148,000 | $156,000 |
Depreciation | $2,300 | $2,350 | $2,500 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $2,900 | $3,000 | $3,100 |
Insurance | $2,100 | $2,100 | $2,100 |
Rent | $2,900 | $3,000 | $3,200 |
Payroll Taxes | $24,000 | $25,000 | $27,000 |
Other | $0 | $0 | $0 |
Profit Before Interest and Taxes | $233,800 | $416,143 | $677,533 |
EBITDA | $233,800 | $416,143 | $677,533 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $46,760 | $83,229 | $135,507 |
Net Profit | $187,040 | $332,914 | $542,027 |
Net Profit/Sales | 13.58% | 19.66% | 26.03% |
8.4 projected cash flow.
Cash Received | |||
Cash from Operations | |||
Cash Sales | $51,000 | $55,080 | $59,486 |
Cash from Receivables | $22,000 | $23,760 | $25,661 |
SUBTOTAL CASH FROM OPERATIONS | |||
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
SUBTOTAL CASH RECEIVED | |||
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $42,000 | $42,000 | $45,000 |
Bill Payments | $27,000 | $28,000 | $31,000 |
SUBTOTAL SPENT ON OPERATIONS | |||
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
SUBTOTAL CASH SPENT | |||
Net Cash Flow | $21,000 | $23,000 | $25,000 |
Cash Balance | $27,000 | $30,000 | $33,000 |
Assets | |||
Current Assets | |||
Cash | $275,000 | $308,000 | $338,800 |
Accounts Receivable | $24,000 | $26,880 | $30,213 |
Inventory | $4,300 | $4,816 | $4,900 |
Other Current Assets | $1,000 | $1,000 | $1,000 |
TOTAL CURRENT ASSETS | |||
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $19,400 | $21,728 | $24,444 |
TOTAL LONG-TERM ASSETS | |||
TOTAL ASSETS | |||
Liabilities and Capital | Year 4 | Year 5 | Year 6 |
Current Liabilities | |||
Accounts Payable | $18,700 | $20,944 | $23,541 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
SUBTOTAL CURRENT LIABILITIES | |||
Long-term Liabilities | $0 | $0 | $0 |
TOTAL LIABILITIES | |||
Paid-in Capital | $30,000 | $30,000 | $31,000 |
Retained Earnings | $53,000 | $57,770 | $63,547 |
Earnings | $193,400 | $210,806 | $231,887 |
TOTAL CAPITAL | |||
TOTAL LIABILITIES AND CAPITAL | |||
Net Worth | $293,400 | $319,806 | $351,787 |
Sales Growth | 7.25% | 8.03% | 8.90% | 3.00% |
Percent of Total Assets | ||||
Accounts Receivable | 9.21% | 10.20% | 11.31% | 9.80% |
Inventory | 5.39% | 5.97% | 6.62% | 9.90% |
Other Current Assets | 2.11% | 2.34% | 2.59% | 2.40% |
Total Current Assets | 149.80% | 151.00% | 152.00% | 158.00% |
Long-term Assets | 11.55% | 11.60% | 11.64% | 12.00% |
TOTAL ASSETS | ||||
Current Liabilities | 4.90% | 4.94% | 4.98% | 4.34% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 0.00% |
Total Liabilities | 7.59% | 7.65% | 7.72% | 7.38% |
NET WORTH | ||||
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.60% | 97.15% | 99.87% | 99.00% |
Selling, General & Administrative Expenses | 93.56% | 96.09% | 98.78% | 97.80% |
Advertising Expenses | 1.52% | 1.56% | 1.60% | 1.40% |
Profit Before Interest and Taxes | 41.50% | 42.62% | 43.81% | 33.90% |
Main Ratios | ||||
Current | 34 | 35 | 36 | 32 |
Quick | 33 | 33.8 | 34.645 | 33 |
Total Debt to Total Assets | 0.18% | 0.18% | 0.17% | 0.40% |
Pre-tax Return on Net Worth | 74.08% | 74.89% | 75.00% | 75.00% |
Pre-tax Return on Assets | 96.30% | 101.12% | 106.17% | 111.30% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 33.56% | 34.60% | 35.67% | N.A. |
Return on Equity | 55.80% | 57.53% | 59.31% | N.A. |
Activity Ratios | ||||
Accounts Receivable Turnover | 7.7 | 7.8 | 7.8 | N.A. |
Collection Days | 100 | 100 | 100 | N.A. |
Inventory Turnover | 32.4 | 34.02 | 35 | N.A. |
Accounts Payable Turnover | 15.6 | 16 | 16.3 | N.A. |
Payment Days | 27 | 27 | 27 | N.A. |
Total Asset Turnover | 2.5 | 2.5 | 2.6 | N.A. |
Debt Ratios | ||||
Debt to Net Worth | -0.04 | -0.03 | -0.04 | N.A. |
Current Liab. to Liab. | 1 | 1 | 1 | N.A. |
Liquidity Ratios | ||||
Net Working Capital | $244,000 | $257,664 | $272,093 | N.A. |
Interest Coverage | 0 | 0 | 0 | N.A. |
Additional Ratios | ||||
Assets to Sales | 0.85 | 0.87 | 0.89 | N.A. |
Current Debt/Total Assets | 1% | 0% | 0% | N.A. |
Acid Test | 29 | 29.12 | 29.16 | N.A. |
Sales/Net Worth | 2.1 | 2.2 | 2.2 | N.A. |
Dividend Payout | 0 | 0 | 0 | N.A. |
Yes, if you start recycle business after doing proper planning, it can be immensely profitable.
The wastepaper recycling business is the most profitable. A paper recycling business proposal is necessary for starting a business in this domain. You can also consider the start up plastic recycling business as it is a strong contender for the most profitable recycling businesses.
A recycle company business plan is needed to start a recycling business. Along with this a strong operations and marketing strategy is also needed.
The only reason behind a recycling business not yielding the desired profits can be inaccurate planning. If you follow the stepwise guide given in this business plan recycling company, your business is not likely to get into a loss.
Download Recycling Company Business Plan Sample in pdf
OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.
Basketball Facility Business Plan: A Comprehensive Guide to Success
Bowling Alley Business Plan Sample
Nightclub Business Plan (2024): A Comprehensive Guide
Rabbit Farming Business Plan
Beverages Business Plan
Private Schools Business Plan
We have been mentioned in the press:
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Are you passionate about the environment and want to do your part in preserving it?
Are you looking for a business opportunity that is both profitable and sustainable ? If so, starting a recycling business may be the perfect venture for you!
This step-by-step guide will walk you through everything you need to know to get your recycling business up and running. Let’s get started!
Starting a recycling business is no small feat, but it can be incredibly rewarding. It can help to reduce waste, conserve natural resources, and create jobs in the community.
However, before getting started, it is important to understand the project’s scope and plan ahead of time to ensure success.
There are many steps and considerations that must be taken to build a successful business, such as:
Let’s take a closer look at each step in greater detail!
The first and perhaps most important step to starting a recycling business is determining your target market. Before beginning any other aspect of the business, it is essential to consider who your customers will be, what they need, and what makes them unique.
It’s also important to think about where they’re located, how many potential customers there are in that market, and the competition you may face in the area.
Once you have identified your target market, it is time to develop a business plan . This plan will serve as the road map for successfully launching and managing the recycling company.
A business plan should include the following sections:
A well-thought-out business plan helps companies stay organized while keeping track of progress toward achieving goals, raising capital, and expanding operations. A key component of any successful plan is to set realistic financial targets that reflect both short-term and long-term sustainability.
Understanding each part of the process makes it easier to craft an effective plan that brings clarity to potential investors while guiding growth strategies.
Choosing a business name is an important step in starting a recycling business. You want your name to be memorable and meaningful while at the same time conveying the fact that you are an environmentally friendly and responsible business.
Once you have narrowed down your list of potential business names, consider researching to find out if they are available in your area and online. If another company is already using the name you want to use, look for something else instead.
On the other hand, if it isn’t already being used, you’ll need to register it with the appropriate regulatory body so that no one else can use it before you do.
Additionally, remember that trademarking your business name may be necessary depending on the scope of your operations and how widely recognized you plan to become in the industry.
The fourth step to starting a recycling business is to test your hypothesis with a minimum viable product . This step involves creating a small-scale version of your proposed product or service and seeing if it works as desired in the real world.
Testing your hypothesis with a minimum viable product requires careful planning and research and an understanding of the market you are entering. You will need to identify the target audience and determine what your customers would be willing to pay for such a product or service and if there is room in the market for your specific idea.
It is also important to consider any potential costs associated with testing this hypothesis, such as advertising, development fees, or other related expenses. Additionally, you will need to carefully analyze public opinion on the subject matter and assess whether people are generally interested in something like this.
Once you are confident that your recycling business is viable, the next step is registering your business and choosing the desired business structure.
Registering your business typically requires filing paperwork with the federal government and at the state or local level, depending on where your business is located. However, you may be required to obtain certain licenses or permits to operate legally in various areas.
Additionally, the structure you choose will depend on how much risk you’re willing to take, how many people are involved in the venture, and how much money you plan to invest.
Some popular choices for business structure include the following:
Each has its benefits and drawbacks depending on your organization’s operations’ size, nature, and complexity.
Although, it’s important to research each option thoroughly and consult an experienced business lawyer or accountant to ensure you are selecting the best structure for your company.
Raising the necessary funding is a critical step to starting a recycling business. It requires comprehensive research, creative problem-solving, and a willingness to ask for help.
Before seeking funds, potential entrepreneurs should create a detailed budget of start-up costs and operational expenses that considers both short-term and long-term needs.
Here are some available options for small businesses seeking funding:
Once funding has been secured, it’s important to use it wisely by creating a detailed budget and allocating resources accordingly to enable the business to be successful in the long term.
To begin a successful recycling business, applying for the right permits and licenses is essential. When applying for these permits and licenses, it is important to be mindful of any local regulations and laws that may affect the operation of the business.
It is also possible to receive assistance in obtaining necessary licenses from local economic development offices. Additionally, to ensure all paperwork is filled out correctly and submitted promptly, consulting with an attorney specializing in small business law can sometimes be helpful.
The next step in the process of starting a recycling business is to open a bank account for the business.
This bank account will enable owners to keep track of all expenses , as well as income and investments, which can help them stay organized and make informed decisions about how to best utilize funds.
When opening a business bank account, choose a financial institution with strong customer service and competitive interest rates and fees.
It’s also important to understand all the fees associated with having a business bank account before opening one to ensure that the right type of account is chosen.
Getting business insurance is another essential step to starting a recycling business. It can help protect against losses related to property, liability, and other forms of damage or legal action.
The costs associated with business insurance vary depending on the amount and types of coverage chosen. In some cases, premiums are paid monthly, while more extensive plans may require an annual fee.
For businesses that want to obtain proper coverage , it is important to speak with a reliable insurer who understands the unique needs of recycling businesses. They will be able to explain each type of coverage and assist in selecting policies that fit all requirements.
The final step to starting a recycling business is getting a facility and equipment of your own. This step is important to choose the right location for your business.
It’s important to consider factors such as the proximity of potential customers, access to suppliers, and the ability to use any existing infrastructure when selecting a space for your recycling facility.
Once you have determined an ideal location, it’s time to select the type of equipment that will best suit your needs.
This could include equipment such as:
Additionally, it’s important to ensure that all equipment meets safety regulations and applicable environmental standards to protect employees and ensure compliance with local laws and regulations.
Starting a recycling business can be both an exciting and daunting prospect. On the one hand, there are numerous potential benefits to this kind of endeavor.
For example, a recycling business has the potential to create a positive environmental impact through the reduction of waste materials that would otherwise end up in landfills.
On the other hand, starting a recycling business requires careful planning and preparation to ensure success. There are also some risks associated with starting a recycling business.
Additionally, depending on how large your operations are, you could face hefty waste management and disposal regulations, which can take some time to navigate.
Starting a recycling business can seem daunting, but it’s an exciting opportunity for financial success while helping to make the world a better place. You can successfully start your own recycling business by carefully following these steps.
With hard work and dedication to customer service and waste management regulations, this type of endeavor can be personally and financially rewarding.
Are you thinking of starting a recycling business? Do you have any questions about how to start a recycling business? Let us know in the comments below!
Sign For Our Newsletter To Get Actionable Business Advice
Leveraging equity: how to use one property to buy another, is an onsite health clinic right for your company, cybersecurity measures every business owner should know.
If you have a passion for saving the planet and a drive to make some green while going green, getting into the business of recycling may be the right route for you to take.
However, starting a recycling business is not as easy as placing some bins around your city and collecting what people drop in them every week.
There is much more that goes into this type of work. If you’re considering starting a recycling business but don’t know where to begin, we are here to help.
Because though it seems simple, you need to make sure that this business is profitable enough to be worth your while, determine what you need to get things started, and prepare for some challenges that you may face along the way.
Read on to find out what you need to know to start your recycling business today.
Starting a recycling business is easy when you break it down into attainable steps. Follow these instructions to get started:
Not all of the recycling business has to be difficult.
In fact, there are some fun parts of it that you will enjoy, aside from helping the environment, of course.
Here are a couple of easy decisions that you want to get started thinking about.
When many people think of the term “recycling,” they often refer to it as a general term that encompasses all sorts of waste and materials.
But, when you’re on the inside and working in the industry of recycling, you learn that things get much more specific.
The specifics start with deciding what kind of materials you want to recycle. You may opt to do just one of these, or you may want to attack recycling multiple.
Here are the most popular types of waste and materials to recycle.
There are a few different ways that you can opt to collect the recycled materials that you plan to work with.
Unfortunately running a recycling business is not all fun and games, and sometimes the going gets tough.
But, as a business owner, the tough get going, and to help you stay on the path of success with your recycling business, we are sharing some of the difficult parts that you want to prepare for.
Before you get too deep into your business ideas, you want to make sure that the recycling industry is profitable for you.
This means understanding what equipment you need (which varies depending on the type of recycling you opt to get into).
You also want to make sure to price the costs of processes such as:
The profitability of this business is also determined by how much processing costs, which depends on the material you’re recycling.
It is important to keep in mind that products that have heavy energy requirements tend to have a greater recycling profit. However, you don’t want to go too far, as some products that require excessive energy to recycle will result in lower profits. It’s all about finding that happy medium.
This is a step you want to take before you dive into starting the business.
You need to take the time to have theoretical discussions about the business and document what you find. You also need to research (which we discuss in more detail below) to find actual numbers to use in your business plan.
You can either opt to write the business plan yourself or hire a professional consultant to do it for you. The choice is yours (but should be determined by how much time you have to spend, and how much experience you have in business plans).
Once you have recycled the materials, what will you do with them?
Make sure that you do your research to find out which industries have a demand for the materials that you’re planning to recycle and look into how much buyers will pay for your recyclables in a variety of forms.
The recycling industry should be heavily researched before moving forward with your business ideas.
You need to take the time to evaluate the market and see where things are. Here are the two most important parts of research.
Do market research to determine who your competition is, how successful they are, and whether there is enough volume in your area to support another recycling business (yours).
Is your competition only recycling paper so that means you can jump on other materials that they are ignoring? Take a look at what niche is best for you to compete in that allows you to be profitable.
Also, be aware that some cities and counties provide their own recycling services. If you live in one of these, you may need to get creative to compete with city hall.
Government and other environmental agencies often offer grants or special loans that can help you with costs including your facility, staff, electricity, equipment, transportation, storage, handling of materials, and more.
Because the start-up costs for a recycling business can be high in the first month, you may want to consider the government’s low-rate loans.
The incentives offered usually vary from state to state so be sure to research the state in which you plan to run your recycling business.
The costs involved in your recycling business are determined first by the type of business you opt to have.
This includes the type of materials that you choose to recycle as well as the type of recycling system you have.
Having people drop things off at a facility or setting up drop-off stations throughout the city will usually come at a lower cost than a curbside pick-up. This is mainly because with curbside pick-up, you need to have more workers to get the job done.
Recycling in a facility that is a bit outside of town is also going to lower your costs since real estate is cheaper as you get further away from a city center. However, this can be an issue with ensuring that people come to your facility to drop off their recyclables. You will need to weigh the pros/cons of this.
Here are some general costs for starting your recycling business:
Before you begin any operations with your recycling business, you need to register the business with your local government.
Because this will take a lot of time for a business such as this, you may want to consider hiring a lawyer to help with this process.
Find someone who has a great deal of experience in registering businesses similar to recycling and that can get the paperwork done correctly and on time so that you can get things started as soon as possible.
Whether you opt to have people drop off their recyclables at your facility or you choose to do pick-ups, you need a facility to perform the actual process of recycling.
So, the next step in the process is finding a facility.
You need a place that is large enough for you to store all of your equipment and that also can serve as an office for you and your employees.
Thus, you must take the time to find a facility that serves all the purposes you need it to for your recycling business. Because of the high costs of a facility like this, as mentioned above, you may have to go a bit outside of the city to find something that is a reasonable price.
And once you do, it is advised that you either rent or lease the space rather than purchase it. This helps to keep your spending low, as a large portion of your money will be going towards equipment to use in the facility.
Speaking of equipment, that brings us to the next step of actually investing in equipment for your recycling business.
The success of your business relies greatly upon the equipment that you use. Here is some of the equipment you will want and need:
The equipment will be the bulk of your spending when you start the business so make sure that you take the time to research and talk to experts so that you invest in the best machinery.
How to start and optimize a recycling business in 2024.
Circular economies—economies designed to be regenerative —are growing in popularity, which is probably why you want to start a recycling business. Smart.
The recycling industry is a major factor in driving this change. As more entrepreneurs consider recycling as a viable business option, it’s important to understand what makes recycling companies successful.
This guide covers everything you need to know about starting and optimizing a recycling business, including:
How to start a recycling business, route optimization: a key growth driver for successful recycling companies, how to optimize your recycling business with optimoroute.
Before you start planning your recycling business, you have to pick a niche—or a type of good—you want to recycle. (You can’t choose ‘em all.) Why? The short answer is: it would be too expensive. Different recyclable materials require different methods of collection, sorting, and processing, and the recycling industry is heavily regulated by both federal and local governments. Trying to process and abide by regulations for multiple niches would be cost-prohibitive.
Let’s review some potential business ideas (i.e., niches) based on different types of recyclable materials:
Mobile recycling refers to collecting all manner of mobile phones, from flip phones to smartphones. An estimated 95% of 18-49 year-olds owned a smartphone in 2021. Mobile phones are a growing source of waste in landfills. Recycling mobile phones can be profitable for you and better for the environment.
As a whole, the term e-waste loosely refers to business and consumer electronic equipment that’s no longer functional . Recycling programs that handle e-waste handle everything from computer monitors to microwave ovens.
As recycling centers evolve to be able to process more of the sheer abundance of discarded electronics, this niche will continue to grow. From 2010 to 2019 alone, global e-waste production nearly doubled, growing from 33.8 to 53.6 million metric tons .
Aluminum is light, durable, and used in many different ways, which is why aluminum is in high demand for consumer goods . Aluminum is also very abundant. However, it takes a disproportionate amount of work and energy to refine and produce new aluminum for manufacturing.
Therefore, despite its availability, a recycling business that allows us to reuse aluminum instead is advantageous for manufacturers (and for recycling business owners).
In the recycling market, appliance recycling generally refers to large-scale home appliances like laundry machines, refrigerators, and stoves.
As living standards and per capita income continue to rise globally, appliances will offer a growing source of recyclable materials. In fact, the global market for appliance recycling will be worth almost $850 million by 2025.
As part of the swell in environmentalism and Earth-first thinking in the 70s, consumers learned that most plastics aren’t biodegradable. Though recycling culture blossomed around attempts to curb plastic usage, market demand remains high due to plastic’s low production costs, durability, and versatility.
In 2018, plastics alone accounted for almost 20% of landfill waste . This means plastics recycling is growing as a business opportunity, especially as current processing methods make them much easier to reuse. Global Industry Analysts, Inc. predicts the plastic recycling market will reach $47.3 billion by 2026.
Once you have a sense of which niche fits you best, the process of starting your recycling business can begin.
While they don’t sound super exciting, business plans are secret weapons in the small business world. Because a business plan acts as your north star, it will help you stay on track while your business gets off the ground. While any form of business plan should work for you, there are basics any plan for a recycling business needs to cover . These include:
A major aspect of creating your business plan should also include how you’ll cover business costs . Again, depending on your niche, these costs will vary. General costs for a recycling business typically include:
Once your business plan’s complete, you’ll know how much funding you’ll need to secure to start your business. The next step?
Finding those funds…
A truism in business is it takes money to make money. A recycling business is no exception (i.e., you gotta find green to go green). One advantage other industries may not benefit from is the growing support for entrepreneurs contributing to circular economies.
In addition to traditional sources of business funding, federal government grants exist solely to help business startups .
Take advantage of websites like Grants.gov by searching for terms like “recycling” and reviewing which opportunities are currently available. Other levels of government are also worth exploring (especially with the help of sites like the Database of State Incentives for Renewables & Efficiency ).
But don’t limit your thinking to grants alone. Other forms of financial assistance for recycling startups can include private funding , low-interest loans , and tax incentives .
When starting out, one of your first major decisions will involve whether you purchase your initial equipment or rent/lease it. Based on your niche and business plan, it may seem like you’ll start out processing enough recyclable material to justify the purchase of waste management equipment.
Remember, though, that the cost of the equipment itself is only a fraction of the overall cost to you, the business owner. When purchasing, you’ll also be responsible for maintenance, repairs, and the salaries of the people who operate it. As a new recycling business owner, it’s often tough to know how much of which type of equipment you’ll need.
For these reasons, leasing may well be the savvier move for most owners as their business gets off the ground.
During the planning process, it’s also important to identify which specific roles you’ll need to fill when starting your recycling business. For example, recycling centers often employ a combination of drivers, sorters, mechanics/technicians, facility managers, recycling coordinators, route managers, and sales reps.
Also certain technologies like route optimization software have experienced growth in both demand and performance over the past few years. This means transportation-based business owners (both new and current) are wise to balance finding the right employees vs. investing in technology to meet their operational demands .
For some recycling niches, a majority of your business may involve sending drivers on predetermined routes. For electronics and aluminum-focused businesses, offering mobile pickup will appeal to potential customers who need recycling services less frequently, but who do end up with large amounts of recyclable material on ocassion.
These potentially lucrative opportunities are hard to plan for as a business owner. By offering mobile pickup, you’ll ensure your business benefits from these “one-off” opportunities whenever they present themselves. Don’t forget—by making your mobile pickup service seamless and efficient, you might be impressing future customers.
The potential benefits of mobile pickup also underscore why you need to market your recycling business. Unlike you and your competition, customers aren’t thinking about recycling 24/7. When they do need something recycled, marketing helps ensure the name of your business is top of mind.
Fortunately, marketing doesn’t need to be complicated. Above all else, avoid the temptation to dump money into a one-size-fits-all approach . Just like a business plan, taking time to plan out who you’re marketing to and how best to do so will pay off long-term.
As part of your marketing planning, make sure to map out everything you know about your main customers in distinct customer profiles. Effective customer profiles give you a sense of which marketing channels your customers look to when they need your services. Then, by focusing on these specific channels, you keep investing your marketing budget in the places your customers are.
Studies estimate there are 5 trillion pieces of plastic afloat in our seas. Discarded fishing nets are one of the most dangerous products contributing to this mess. So, Bureo’s made it their business to partner with local communities and fisheries to help collect, clean, and sort fishing nets. Bureo then processes these nets into the patented Netplus™ material.
This material is then sold for use at major clothing brands like Patagonia , which creates employment opportunities for local workers and funding for community-based programs.
No matter how perfectly you plan, your customers will literally be all over the place due to the nature of the recycling business. Fortunately, route optimization ensures you’re picking up all recycled materials with the least amount of stops possible. This capability, among others, can be the difference between boom or bust in the recycling industry.
Like many transportation-based industries, driver wages and fuel costs can make up 67% of total operational costs per mile. Planning for and controlling these costs may arguably be the most important thing you can do when starting your recycling business.
Any form of route optimization is better than none. But modern fleet-planning solutions benefit the entire business (not just the owner). For instance, OptimoRoute can:
Automatically plan routes Owners can import thousands of orders and let the optimization software plan the ideal route for every driver. Smartphone apps provide order information, navigation, route updates, and the status of orders in real time.
Since OptimoRoute adapts to workflow constraints in real time, the software maximizes orders performed while simultaneously reducing costs.
Assign drivers and schedules Using OptimoRoute, owners can determine ideal shift start times for individual employees, balancing employee schedules with customer expectations.
The software also provides this information in real time, meaning owners can balance workloads throughout the day/week, ensuring no one employee is under—or over—utilized.
Minimize time on the road and save fuel Efficient routing means fewer trucks and drivers needed for day-to-day operations. This boosts profits. Minimizing time on the road also benefits the environment.
Using best-in-class tools like OptimoRoute, some companies have saved up to 20% in mileage and improved order capacity by 100% , all without increasing the size of their fleets.
While there are a lot of factors to consider when starting a recycling business, the ability to optimize your operations is an undeniable advantage. This is why it’s wise to engineer optimization right into the DNA of your business planning.
To help you do exactly that, take a deeper dive into our automated route planning software for waste collection businesses.
No installation or credit card required
Make Your Mobile Workforce 43% More Productive. Optimize Driver Routes in Just 7 Minutes.
Importantly, a critical step in starting a recycling business is to complete your business plan. To help you out, you should download Growthink’s Ultimate Business Plan Template here .
Download our Ultimate Business Plan Template here
The first step to starting a recycling business is to choose your business’ name. This is a very important choice since your company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable. Here are some tips for choosing a name for your recycling business:
One of the most important steps in starting a recycling business is to develop your business plan. The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business. Your business plan should include the following sections:
3. choose the legal structure for your recycling business.
Next you need to choose a legal business structure for your recycling business and register it and your business name with the Secretary of State in each state where you operate your business. Below are the five most common legal structures:
A sole proprietorship is a business entity in which the business owner and the business are the same legal person. The owner of a sole proprietorship is responsible for all debts and obligations of the business. There are no formalities required to establish a sole proprietorship, and it is easy to set up and operate. The main advantage of a sole proprietorship is that it is simple and inexpensive to establish. The main disadvantage is that the owner is liable for all debts and obligations of the business.
A partnership is a legal structure that is popular among small businesses. It is an agreement between two or more people who want to start a recycling business together. The partners share in the profits and losses of the business. The advantages of a partnership are that it is easy to set up, and the partners share in the profits and losses of the business. The disadvantages of a partnership are that the partners are jointly liable for the debts of the business, and disagreements between partners can be difficult to resolve.
A limited liability company, or LLC, is a type of business entity that provides limited liability to its owners. This means that the owners of an LLC are not personally responsible for the debts and liabilities of the business. The advantages of an LLC for a recycling business include flexibility in management, pass-through taxation (avoids double taxation as explained below), and limited personal liability. The disadvantages of an LLC include lack of availability in some states and self-employment taxes.
A C Corporation is a business entity that is separate from its owners. It has its own tax ID and can have shareholders. The main advantage of a C Corporation for a recycling business is that it offers limited liability to its owners. This means that the owners are not personally responsible for the debts and liabilities of the business. The disadvantage is that C Corporations are subject to double taxation. This means that the corporation pays taxes on its profits, and the shareholders also pay taxes on their dividends.
An S Corporation is a type of corporation that provides its owners with limited liability protection and allows them to pass their business income through to their personal income tax returns, thus avoiding double taxation. There are several limitations on S Corporations including the number of shareholders they can have among others. Once you register your recycling business, your state will send you your official “Articles of Incorporation.” You will need this among other documentation when establishing your banking account (see below). We recommend that you consult an attorney in determining which legal structure is best suited for your company.
We are proud to have partnered with Business Rocket to help you incorporate your business at the lowest price, guaranteed.
Not only does BusinessRocket have a 4.9 out of 5 rating on TrustPilot (with over 1,000 reviews) because of their amazing quality…but they also guarantee the most affordable incorporation packages and the fastest processing time in the industry.
In developing your recycling business plan, you might have determined that you need to raise funding to launch your business. If so, the main sources of funding for a recycling business to consider are personal savings, family and friends, credit card financing, bank loans, crowdfunding and angel investors. Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a recycling company that they believe has high potential for growth.
There are a few things to consider when looking for a location for your recycling business. First, think about the type of recycling company you want to start. Do you want to recycle paper, plastic, metal, or glass? You may have different facility requirements depending on the type of material you’ll be recycling.
Next, you’ll need to consider the size of your operation. How much space do you need for your recycling equipment and materials? Will you be able to expand your business in the future? Finally, you’ll need to think about where your customers are located. You’ll want to choose a location that is convenient and easy for them to access.
When you’ve considered all of these factors, you’ll be able to narrow down your search for a location for your recycling business. Once you’ve found a few potential locations, you can contact the property owners and ask about leasing or purchasing options.
Next, you need to register your business with the Internal Revenue Service (IRS) which will result in the IRS issuing you an Employer Identification Number (EIN).
Most banks will require you to have an EIN in order to open up an account. In addition, in order to hire employees, you will need an EIN since that is how the IRS tracks your payroll tax payments.
Note that if you are a sole proprietor without employees, you generally do not need to get an EIN. Rather, you would use your social security number (instead of your EIN) as your taxpayer identification number.
It is important to establish a bank account in your recycling business’ name. This process is fairly simple and involves the following steps:
You should get a business credit card for your recycling business to help you separate personal and business expenses. You can either apply for a business credit card through your bank or apply for one through a credit card company.
When you’re applying for a business credit card, you’ll need to provide some information about your business. This includes the name of your business, the address of your business, and the type of business you’re running. You’ll also need to provide some information about yourself, including your name, Social Security number, and date of birth.
Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build your credit history which could be very important in securing loans and getting credit lines for your business in the future.
To start a recycling business, you will need a business license and a permit to operate a recycling center. You may also need a permit to collect recycling materials from businesses and residences. Check with your local business licensing office to determine the specific requirements for your area.
There are various types of insurance necessary to operate a recycling business. Some business insurance policies you should consider for your recycling business include:
Find an insurance agent, tell them about your business and its needs, and they will recommend policies that fit those needs.
Depending on the type of recycling business you operate, you may need a variety of equipment. For instance, you will need a recycling truck, a compactor, and a baler. You may also need a shear, shredder, and a conveyor belt. You can purchase these items new or used. Used equipment is usually cheaper but you may have to do more maintenance, which leads to greater ongoing costs. You can find all of these items at your local recycling center or online.
Marketing materials will be required to attract and retain customers to your recycling business. The key marketing materials you will need are as follows:
A computer is necessary to manage your business operations. You will need word processing software to create letters and invoices, accounting software to track expenses and income, and a contact management system to keep track of customers and suppliers. There are many different options for each type of software, so be sure to research the best options for your business needs.
You are now ready to open your recycling business. If you followed the steps above, you should be in a great position to build a successful business. Below are answers to frequently asked questions that might further help you.
Recycling Mavericks
How to start a recycling business faqs, is it hard to start a recycling business.
There is no one-size-fits-all answer to this question, as the difficulty of starting a recycling business will vary depending on factors such as the location of the business, the amount of competition in the area, and the type of recycling services offered. However, with a solid business plan and good marketing strategy, it is definitely possible to start a successful recycling business.
There are a few ways to start a recycling business with no experience. You can start by becoming familiar with the recycling process and learning about the different types of recycling. You may also want to network with other business owners and get advice from them. Finally, you can attend trade shows and events related to recycling to learn more about the industry.
There is no definitive answer to this question as it largely depends on the specifics of the recycling business. However, certain types of recycling companies may be more profitable than others. For example, a recycling business that specializes in collecting and recycling metals may be more profitable than a business that specializes in collecting and recycling plastic. Additionally, a recycling business that processes and recycles materials on-site may be more profitable than a business that requires materials to be shipped off-site for processing. Ultimately, the most profitable recycling businesses are those that are able to generate the most revenue while incurring the least amount of expenses.
It typically costs around $10,000 to start a recycling business. There are a few things you'll need to get started, such as a vehicle to transport the materials, recycling bins, and advertising. You'll also need to pay for a business license and zoning permit from your local government.
A recycling business usually incurs ongoing expenses for transportation, labor, and supplies. The cost of transportation may vary depending on the distance involved. Labor costs will also depend on how many workers are needed and how long they work. The cost of supplies will include things like bags, gloves, and sorting equipment.
A recycling business can make money in a few ways. One way is by charging customers for the service of recycling their materials. Another way is by selling the recycled materials to companies that need them. Recycling businesses can also make money by getting grants from local or state governments.
There are a number of reasons recycling can be a profitable business .
First, there is a rising demand for recycled materials. Companies are increasingly environmentally conscious and look for new ways to reduce their carbon footprint.
Second, recyclers can charge to collect materials and then sell recycled materials for a profit. Recyclable materials are often preferred by commercial customers because they can be more sustainable and require less energy and money to process than raw materials.
Finally, the recycling industry is becoming increasingly automated. There is less labor required to operate a recycling business. As a result, recycling businesses are becoming more cost-effective.
All of these factors together make owning a recycling business a lucrative venture. If you are looking to start a business that is both profitable and environmentally friendly, then a recycling business may be the perfect option for you.
There can be a few reasons why most recycling businesses fail. Recycling businesses can fail if they are not able to effectively collect and process materials, or if they are unable to find buyers for their recycled products. Additionally, recycling businesses can be unsuccessful if they are not financially well-managed and operated. While there are many reasons recycling businesses can fail, there are also many ways to overcome these challenges and create a successful recycling operation.
The recycling business is considered the “economic engine,” which generates more than 500,000 jobs in the USA alone and is only expected to grow daily. The recycling industry is forecasted to be at a market value of 88.1 billion USD by 2030 .
A market of such enormous size and its future safe will surely offer brilliant business opportunities. Moreover, with the size of waste increasing exponentially, even the governments want more and more business establishments in recycling management.
Multiple horizons can be explored in the recycling business. Paper, plastic, metal, and rubber recycling are some of the most fruitful options. To pursue the goal of operating a recycling business, be sure that you go through the article on how to start a recycling business and understand the basics of it.
Forget Spaghetti Routes, Optimize Routes for Your Entire Team with Upper
Table of Content
11 effective steps to start a recycling business.
Let’s look at some of the latest recycling trends to know , which will be helpful for working in the industry of recycling and waste management.
A successful recycling business will necessitate extensive market research and implementation. But, to make things easier for you, here are the 11 effective steps to starting a recycling business.
Conduct market research to determine who your competitors are, how successful they are, and whether your area has enough volume to support another recycling business. Are there any materials that the current recycling companies are ignoring? Make sure your research assists you in selecting both profitable materials and a competitive niche.
Once you’ve decided which materials your company should recycle, look into the local government and environmental protection agency. These agencies offer grants and special loans that can cover the processing costs, costs of your facility, staff, electricity, equipment, transportation, storage, handling of materials, and other expenses.
The basic start-up costs for a recycling business can be high in the first month, considering the low-interest loans provided by the government. Also, the incentives typically vary from one to another, so make sure to research the state where you intend to operate your recycling business.
Once you have chosen your niche, you must create a budget to fund all associated operations. The budget should account for the costs of obtaining the necessary licenses and permits, a location to store and recycle the materials, pay for any employees you hire, equipment and tools needed for the recycling process, cash for the recyclables, and vehicles.
For instance, recycling at a facility a little outside of town will also help you save money because real estate costs fall as you get farther from a city center.
After all the research you have done, it’s time to create a recycling business plan , which is a formal document outlining how you will develop and operate your business.
It will help you stay focused as you move forward with the creation of your company and will also give potential lenders the information they need to judge the viability of your project. A thorough section on each of the following subjects needs to be included in your business plan:
Choose a good business name. The name should be straightforward to read and say. Once you register your recycling business names ideas , it’s time to define the business structure. Some requirements behind registering your business are paying taxes, raising funds, and opening a bank account.
Making a business structure will define your role within the organization, which is the next step. You could opt for either sole proprietorship, partnership, limited liability company, or S corporation.
The recycling sector requires several licenses. You will need to apply for several permits before you can start your smoothly-operating recycling business. The following are some instances of common licenses and permits needed:
The next step is deciding where to start your recycling business. You must buy or rent a building to store, process, or sell recyclable materials. Choose a spot close to any landfills or waste management facilities but far away from residential areas.
Irrespective of people dropping the waste at drop-off units or you decide to do pick-ups, you must have a facility drop-off to carry out the actual process of recycling.
You need to verify with your city’s zoning commission, planning, and development department, or building division regarding the zoning rules for that area. This will help you save on transportation costs while also allowing you to network with relevant authorities frequently and effectively.
Your business’s success depends on the tools you use. Here’s a list of some of the tools you’ll need:
The equipment will make up most of your initial recycling start-up costs, so do your homework and speak with business experts to identify the long-lasting, high-performing recycling equipment to purchase.
Business insurance is an area that is frequently overlooked, even though it can be critical to your success as an entrepreneur. Insurance protects you from unanticipated events that can be disastrous to your business.
Here are some insurance options you can consider:
The next step is to assemble a team and recruit a few experts to manage the work. You will need employees to manage the register and assist customers in loading their purchases if you want to run a secondhand store.
When collecting recyclables, employees must drive the vehicles and lift large, heavy objects. You will need a separate processing facility to operate your equipment if you are processing recyclables. In addition, consider hiring individuals to help with bookkeeping and marketing tasks.
For new recycling businesses, word-of-mouth promotion is essential because it will raise client and brand awareness. You should invest in a quality website because it serves as your online presence and convince prospective clients.
Once your website is up and running, connect your social media accounts. It’s an excellent tool for business promotion because you can use social media to create engaging posts that advertise your business.
Facebook is a great platform for paid advertising because it lets you target particular demographics. Also, SEO will assist in moving your website up in relevant search results, which is essential for boosting sales. Make sure your website is optimized for calls to action. Try different combinations of text, color, size, and placement for calls to action like “Recycle Now.” Your collection of recyclable materials could significantly increase as a result.
Route planning software comes as a lifesaver for a new business. Recycling companies require heavy commercial vehicles to pick up and take them to the drop-off centers for recycling. Without proper experience or tools, this job can be a demanding one. When starting a new business, you may have to devote your time and resources to multiple tasks.
Don’t make your job tougher. Make sure that you use an intelligent and effective route optimization tool , like Upper, that will help plan an optimized route and utilize the available resources to the best of their limits.
Switch to Automated Route Planning with Upper
Instantly channelize your material pick up and drop offs for recycling. Let Upper find the fastest driving route for a better routing experience.
Some of the recycling business ideas are:
Steel and aluminium are the types of materials most recycled in North America. Aluminium cans are the simplest items to recycle because they are 100% recyclable. Using used aluminium cans to make new ones uses 95% less energy than creating an aluminium can from scratch.
Here are the top recycling companies:
Here is an estimate of how much money you could make per ton of materials:
Let’s say you recycle 15 tons of waste daily, five days a week, earning nearly $300,000 per year in your first year or two. Assuming a 40% profit margin, this equates to a recycling profit of around $120,000. Your capacity may increase to 30 tons per day as your brand grows in popularity, and your operating hours may be extended to six days per week.
There are many types of recycling businesses, and each one has a different level of profitability, but companies recycling paper are the most profitable.
If you are looking to start a recycling business, you will need a proper business model and a good legal and financial understanding to stand out from the competitors. It is not easy to set up any new business, but surely with the right knowledge, market study, hard work, and effective tools, the job can get much easier.
As the market demand grows, so does the need for raw materials and recycling centers. A recycling business can supply raw materials, refurbished and recycled goods or can even create new products from recycled materials. The options are truly limitless. Hence, this entire article will help you to work on your business idea and turn it into a profitable recycling business.
Rakesh Patel, author of two defining books on reverse geotagging, is a trusted authority in routing and logistics. His innovative solutions at Upper Route Planner have simplified logistics for businesses across the board. A thought leader in the field, Rakesh's insights are shaping the future of modern-day logistics, making him your go-to expert for all things route optimization. Read more.
Related Posts
750+ Catchy Recycling Business Names: Know the Best Practices in Naming Your New Business
11 Advanced Recycling Technologies to Efficiently Recycle Global Waste
Recycling Reality Check: Addressing the Recycling Problems & How to Fix Them
How to Create Recycling Business Plan Efficiently in 2024
Latest Recycling Trends in 2024 That You Must Be Aware of
8 Powerful Recycling Marketing Strategies to Boost Your Business
Sign Up with Upper Route Planner and automate your daily business process route planning, scheduling, and optimizing!
Life's Complicated Enough. Your Routing doesn't have to be.
Plan routes, manage drivers and stops, send timely customer notifications, collect proof of delivery and much more with just a few clicks.
Grab a FREE Trial of Upper
Grab a FREE Trial of Upper TODAY!
Get this complete sample business plan as a free text document.
Start your own recycling waste materials business plan
Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.
Mid-Atlantic Recycling, LLC’s area of business will be to collect, recycle/compost, and market waste from municipality waste processing plants for use use as a consumer good. This recycled product will meet two critical needs:
There are customers at both ends of our supply chain that will benefit from our services and products. Municipalities will benefit from our service by having an alternative means of waste disposal. Other potential customers who will benefit from our compost product include turf farms, fertilizer manufacturers, nurseries, landscapers, golf courses, homeowners, and even the federal government for use in highway construction reseeding. Therefore, we have two basic market segments; those waste treatment facilities which will benefit from our services and consumers who will benefit from our product.
The Worldwatch Institute reports that landfills are overflowing and the costs of disposing of sewage and garbage is rising. City leaders can relieve over extended municipal budgets, prevent the contamination of drinking water, and help farmers build healthier soils by recycling garbage and human waste back to farms. At least 13 U.S. states have 6 years or less before all of their landfills are completely full. (Paper 135: Recycling Organic Waste: From Urban Pollutant to Farm Resource.) We offer a service by which municipalities can dispose of their waste without it having to be land filled anywhere. This is of great value to this customer.
At the other end of our process are the users of our compost. According to Cornell University (www.cals.cornell.edu/dept/compost.feas.study.html) composting is experiencing a resurgence of activity which is driven by increased understanding of the agronomic benefits of compost utilization, and rising disposal costs for municipal wastes. Also, according to Purdue University (www.ctic.purdue.edu/Core4/Nutrient/ManureMgt/Paper35.html) consumption of compost in the commercial market is growing due to people looking for a more organic or natural substitute for traditional chemical fertilizers. Recycling is at the forefront of responding to this growth trend in the Mid-Atlantic USA. We will initially focus on selling compost to fertilizer manufacturers, nurseries, and landscapers. We already have commitments from a fertilizer manufacturer and a landscaper to purchase 600 tons per year or more of our compost material.
Five major market segments for compost have been identified:
Our service offers a feasible, even desirable, alternative to traditional means of disposing of human waste. Our product is a value added, soil enhancer that appeals to the growing environmental conscientiousness among consumers. Direct competition is almost nonexistent. We intend to position ourselves as the logical, economical choice for human waste disposal and compost production in West Virginia and the Mid-Atlantic region.
The start-up funding will be provided as follows: Owner equity investment of in the form of a loan from the Regional Council of Governments Revolving Loan Fund; this loan is secured by the owner’s real estate assets. The Regional Revolving Loan Fund is an economic development fund sponsored by three West Virginia counties: Mercer, Greenbrier, and Monroe.
Financing needed.
We will be getting nearly $1,000,000 from two sources $850,000 dollar loan based on our assets and $150,000 from the owners.
Our solution.
Mid-Atlantic Recycling’s mission is threefold. Our first responsibility is to ensure the financial well being of the business. Second, is to provide municipalities with an economical, alternative for the disposal of human waste sludge. Third, is to provide a top quality, recycled material to the consumer so that they may benefit from compost’s many good properties and organic elements. In addition, we hope to build in the consumer a positive feeling about the feasibility of using recycled human sludge as a fertilizer.
Market size & segments.
The following table shows information regarding the number of potential customers in our target markets. This data is based on information taken from superpages.com.
As reflected in the table, there are approximately 34 waste treatment plants in West Virginia. These are all potential customers for our collection service and sources of material for compost processing. Additionally, there are a total of 1,779 potential customers in the initial target market for our compost product. This includes 11 fertilizer manufacturers, approximately 30 sod/turf farms, 324 nurseries, 483 golf courses, and 931 landscapers.
Target Market Segment Strategy
To target our customers, we examined the market trends. Mid-Atlantic Recycling’s products target buyers of organic fertilizers and soil enhancers. This market has grown significantly in recent years and we expect to capture a quarter of this multi billion-dollar market.
This market growth is fueled by a more health conscious consumer. People are better informed about the potential side effects associated with chemical fertilizer products both to their health and to the environment.
The growth of a more organic approach to gardening comes at a time when chemical options are diminishing. In 2000, the federal Environmental Protection Agency reached agreement with the makers of two widely used pesticides — Diazinon and Chlorpyrifos — to phase them out because of health problems associated with overexposure. Popular brands of Diazinon include Ortho and Spectracide; Chlorpyrifos is marketed under the trade name Dursban and is included in numerous familiar products, including Ortho Lawn Insect Spray ( Washington Post , Thursday, May 10, 2001).
According to an executive with the Scotts Co. in Marysville, Ohio, the pace of research into organic products continues feverishly, and their use is bound to increase.
Sales of organic foods have risen sharply. Organic food sales at the retail level totaled $10.4 billion, according to Katherine DiMatteo, executive director of the Organic Trade Association. This year, retail sales of organic foods are expected to exceed $15 billion — with more than $32 billion projected by 2009 ( CNBC , Dec. 3, 2004).
Findings from a 15-year study at the Kamlath Institute, Newton, Pa., might lead to a solution that could help reduce emissions of greenhouse gases. The researchers suggest that regenerative agricultural management systems based on organic fertilizer can preserve carbon and nitrogen in the soil, thus reducing emissions. Moreover, they maintain that organic methods can produce the same yields as conventional systems that use synthetic fertilizer. If the major corn/soybean growing region of the U.S. were to adopt these organic practices, they say, the percentage of estimated annual carbon dioxide released into the atmosphere from fossil fuel combustion in the nation could be reduced by one to two percent ( USA Today , June 1999).
Mid-Atlantic’s products will help fill the growing need for organic fertilizers, and soil amendments, while helping to solve the problem of dwindling landfill space.
Main Competitors
As noted earlier, direct competitors are essentially non-existent in the Mid-Atlantic region. Our major indirect competitors are chemical fertilizer manufacturers. However, their products are more costly and do not address the market’s trend toward organic, natural soil enhancers.
Some municipalities have begun composting operations in an attempt to deal with waste disposal issues. They typically use a method in which sludge is placed on the ground in windrows which are turned periodically for aeration. This is an inefficient method of composting primarily because it is slow, taking 90 or more days, which means that availability is uncertain for consumers. Also, in this composting method high enough temperatures are not achieved to kill harmful bacteria and seeds that may sprout into weeds. Additionally, municipalities are not businesses, which means their marketing capabilities are limited. Their market primarily consists of local homeowners and businesses, which ignores the greater market. Also, this composting method requires a lot of ground space which restricts the operation. Finally, odor can be a problem for municipalities due to nearness of local residents or businesses. For these reasons, municipality composting efforts are not considered a competitive threat
The competitive edges we have are summarized as follows.
Keys to success.
The keys to success in our business are:
Marketing plan.
The marketing strategy is the core of the main strategy:
Promotion Strategy
Our promotional strategy will be two-fold: first phase promotion will focus on before, during, and six months following our opening; the second phase of promotion will deal with the long term. The purpose of the first phase is to assist with rapid market entry to ensure early and sustained profitability. The purpose of the second phase is to ensure long-term growth and help propel us toward achieving our goal of expanding state wide and across the Mid-Atlantic region.
First Phase Promotions
Second Phase Promotions
Mid-Atlantic Recycling’s sales strategy is relatively straightforward. Get the word out about our products and services to potential customers, educate them as to the value added by our products and services, and the product/service will sell itself.
Our present management team will become the main sales force when operations begin. Mid-Atlantic Recycling’s sales force will increase as business demand permits. In the first six to twelve months of operations, our sales team will focus its efforts on municipalities, fertilizer manufacturers, farmers, small nurseries and other related companies. The team will promote the products based on their environmental strengths and extended duration. Mid-Atlantic Recycling will use other channels of selling after the first year. Face-to-face contact and direct mail selling are part of the selling plan.
Mid-Atlantic Recycling will operate in Monroe County, WV, near the community of Lindside, WV. The Lindside location is approximately 10 miles from Peterstown, WV. The recycling facilities will be located on a 58+ acre property owned by company president, Oliver Pyne; 5 acres will be set aside for the recycling facility set up and operation. This site is ideal as it provides access to local municipalities and to Interstates 77 and 81. Also there is room for expansion as the business grows.
As the business expands to additional counties in subsequent years, we will need to lease property on which to site our facilities.
Composting is biological decomposition of organic materials. Bacteria, fungi, protozoans, insects, worms and other organisms typically play a part in the decomposition process. Composting is nature’s means of recycling. It will turn grass clipping, leaves, vegetables, fruit and other organic materials into a very beneficial soil amendment. Composting is also an effective means of reducing the amount of solid wastes going into our nation’s landfills. Mid-Atlantic Recycling’s process will greatly speed up the natural composting process.
As briefly described above, the human waste sludge used in Mid-Atlantic Recycling’s process will be picked up from municipalities in skid boxes provided by Mid-Atlantic Recycling. Accepting the waste, rental of the boxes, and transportation will all be sold as a service to the municipalities.
Upon arrival at our recycling facility, the sludge will be placed into one of six organic in-vessel digesters. These vessels are proven for composting various types of animal manure. In addition, Mid-Atlantic Recycling’s president, Oliver Pyne, has tested the unit’ ability to successfully compost human waste. The material compost produced was tested by the equipment manufacturer (CV Organics, Inc. of White Springs, TN) and found to be a high quality compost. Additionally, the compost material was recently tested by West Virginia University Agricultural Service Laboratory and found to be an exceptional soil amendment.
These recycling/composting units work as follows. The unit is 50 feet long. The sludge is placed into one end of the unit. To make compost, additional dry fibrous material such as sawdust, wood chips, or bark must be added. We will acquire a steady supply of these from International Paper Company.
The unit turns slowly, making four revolutions per hour, to ensure that adequate oxygen gets to all of the composting material. Also, the unit is set on a very slight, 2 degree, angle so that as the unit turns, the material slowly migrates toward the opposite end of the unit. During the composting process, the material heats up (due to the natural reaction) to temperatures of approximately 140 degrees Farenheit; this kills any harmful bacteria in the composting material. Temperature can be controlled to ensure optimum composting environment. Also, the moisture levels can be controlled to ensure optimum composting. After three days, the material has reached the opposite end of the unit where it is removed.
Advantages of this recycling/composting method are as follows:
Milestones table.
Milestone | Due Date | |
---|---|---|
Nov 14, 2017 | ||
Nov 27, 2017 | ||
Dec 04, 2017 | ||
Dec 18, 2017 | ||
Jan 08, 2018 | ||
Jan 22, 2018 | ||
Mar 05, 2018 | ||
Mar 12, 2018 | ||
June 05, 2018 | ||
Sept 10, 2018 | ||
Dec 06, 2018 |
Key Metrics:
Mid-Atlantic Recycling is owned by its founder and president, Oliver Pyne. Mr. Pyne will be an active participant in management decisions.
The responsibilities involved in the company Mid-Atlantic Recycling are great and abundant. Mid-Atlantic Recycling’s main purpose is to appeal to municipalities by offering a human waste disposal alternative, and to environmentally conscious minded consumers by developing products that include recycled human waste. Each executive member will have several responsibilities that are imperative to fulfill the duties in producing such unique products.
As founder and president of Mid-Atlantic Recycling, Mr. Oliver Pyne will be responsible for the entire operation. Some of his duties will include overseeing the areas held by the other company executives, as well as the output produced by other employees. He will be in charge of the company’s public relations. He will also have the job of hiring dedicated people and ensuring employees put their best efforts into the production of Mid-Atlantic Recycling’s products. He will have the lead role in making decisions that concern the well being of Mid-Atlantic Recycling.
Mr. Sam Cole has an important job as operations manager. His job will be crucial in the growth of Mid-Atlantic Recycling. He will ensure that day-to-day operations are conducted such that materials are received, methods and processes are standardized, and production is maximized to ensure uniform production of compost materials. This duty will entail establishing a good working relationship with production line employees because without them Mid-Atlantic Recycling’s products will not be produced.
Mr. Alexander Main will be responsible for Mid-Atlantic Recycling’s financial management operations including accounts payable, accounts receivables, and bookkeeping.
Management Team Gaps
To assist in sales and marketing, Mid-Atlantic Recycling plans to utilize the services of Blevins Consulting, LLC, a management consultant firm based in West Virginia. Blevins Consulting specializes in business planning, marketing planning, training, website design and marketing, and marketing to the federal government.
Marketing and sales will play an important role in convincing consumers to switch from their old products to Mid-Atlantic Recycling’s products. Blevins will help create the need for our products and services while at the same time capturing the attention of the consumers’ targeted. Some of Blevins duties will include writing press releases, coordinating print and radio press, monitoring the competition, making presentations to potential clients, and studying the markets to identify customers’ needs and determine how to best appeal to those needs.
Key assumptions.
We assume that:
Expenses by month, net profit (or loss) by year, use of funds.
Start-up Expenses
Phone/utilities deposits $500
Licenses/tax deposit $4,000
Insurance $1,000
Brochures/sales literature $500
Advertising $2,500
Employee salaries $16,680
Skid boxes, 15 @ $3,000 ea. $45,000
Welding and cutting torch$ 10,000
Furniture and supplies $5,000
Website development $1,500
Miscellaneous $5,000
TOTAL START-UP EXPENSES $92,180
Our start-up costs will be $1,000,000. The funds will be primarily used for the following:
Capital Asset Purchases
Processing Plants 2 x $190,460
Processing Plants built in-house 2 x $40,000
Sheds 48’x72′ 4 x $18,500
Skid Truck 2 x $73,000 (avg price)
Front-end Loader 2 x $50,000
Tandem Dump Trailer
We will have angel investors that will give us $850,000 and the owners will provide $150,000 totaling $1,000,000
2018 | 2019 | 2020 | |
---|---|---|---|
Revenue | $2,835,945 | $3,303,700 | $3,324,450 |
Direct Costs | $1,368,646 | $1,593,168 | $1,603,128 |
Gross Margin | $1,467,299 | $1,710,532 | $1,721,322 |
Gross Margin % | 52% | 52% | 52% |
Operating Expenses | |||
Salaries & Wages | $804,000 | $820,080 | $836,478 |
Employee Related Expenses | $160,800 | $164,016 | $167,296 |
Utilities | $21,600 | $21,600 | $21,600 |
Insurance | $24,000 | $24,000 | $24,000 |
Marketing | $28,359 | $33,037 | $33,245 |
Rent | $85,078 | $99,111 | $99,734 |
Total Operating Expenses | $1,123,838 | $1,161,844 | $1,182,351 |
Operating Income | $343,462 | $548,688 | $538,970 |
Interest Incurred | $15,770 | $13,051 | $10,278 |
Depreciation and Amortization | $51,625 | $51,625 | $51,625 |
Gain or Loss from Sale of Assets | |||
Income Taxes | $0 | $0 | $0 |
Total Expenses | $2,559,878 | $2,819,689 | $2,847,382 |
Net Profit | $276,067 | $484,011 | $477,068 |
Net Profit/Sales | 10% | 15% | 14% |
Starting Balances | 2018 | 2019 | 2020 | |
---|---|---|---|---|
Cash | $92,000 | $285,006 | $683,238 | $1,071,752 |
Accounts Receivable | $0 | $0 | $0 | |
Inventory | ||||
Other Current Assets | ||||
Total Current Assets | $92,000 | $285,006 | $683,238 | $1,071,752 |
Long-Term Assets | $826,000 | $826,000 | $826,000 | $826,000 |
Accumulated Depreciation | ($51,625) | ($103,250) | ($154,875) | |
Total Long-Term Assets | $826,000 | $774,375 | $722,750 | $671,125 |
Total Assets | $918,000 | $1,059,381 | $1,405,988 | $1,742,877 |
Accounts Payable | $0 | $0 | $0 | |
Income Taxes Payable | $0 | $0 | $0 | |
Sales Taxes Payable | $0 | $0 | $0 | |
Short-Term Debt | $134,686 | $137,405 | $140,178 | $143,008 |
Prepaid Revenue | ||||
Total Current Liabilities | $134,686 | $137,405 | $140,178 | $143,008 |
Long-Term Debt | $715,314 | $577,909 | $437,731 | $294,723 |
Long-Term Liabilities | $715,314 | $577,909 | $437,731 | $294,723 |
Total Liabilities | $850,000 | $715,314 | $577,909 | $437,731 |
Paid-In Capital | $150,000 | $150,000 | $150,000 | $150,000 |
Retained Earnings | ($82,000) | ($82,000) | $194,067 | $678,078 |
Earnings | $276,067 | $484,012 | $477,068 | |
Total Owner’s Equity | $68,000 | $344,067 | $828,078 | $1,305,146 |
Total Liabilities & Equity | $918,000 | $1,059,381 | $1,405,988 | $1,742,877 |
2018 | 2019 | 2020 | |
---|---|---|---|
Net Cash Flow from Operations | |||
Net Profit | $276,067 | $484,011 | $477,068 |
Depreciation & Amortization | $51,625 | $51,625 | $51,625 |
Change in Accounts Receivable | $0 | $0 | $0 |
Change in Inventory | |||
Change in Accounts Payable | $0 | $0 | $0 |
Change in Income Tax Payable | $0 | $0 | $0 |
Change in Sales Tax Payable | $0 | $0 | $0 |
Change in Prepaid Revenue | |||
Net Cash Flow from Operations | $327,692 | $535,637 | $528,693 |
Investing & Financing | |||
Assets Purchased or Sold | |||
Net Cash from Investing | |||
Investments Received | |||
Dividends & Distributions | |||
Change in Short-Term Debt | $2,719 | $2,773 | $2,829 |
Change in Long-Term Debt | ($137,405) | ($140,178) | ($143,008) |
Net Cash from Financing | ($134,686) | ($137,405) | ($140,178) |
Cash at Beginning of Period | $92,000 | $285,006 | $683,238 |
Net Change in Cash | $193,006 | $398,232 | $388,514 |
Cash at End of Period | $285,006 | $683,238 | $1,071,752 |
Fill-in-the-blanks and automatic financials make it easy.
No thanks, I prefer writing 40-page documents.
Discover the world’s #1 plan building software
By: Author Tony Martins Ajaero
Home » Business ideas » Green & Eco-friendly » Waste Recycling
Are you about starting an e-waste recycling business? If YES, here is a complete sample e-waste recycling business plan template & feasibility report you can use for FREE .
Okay, so we have considered all the requirements for starting an e-waste recycling business. We also took it further by analyzing and drafting a sample e-waste recycling marketing plan template backed up by actionable guerrilla marketing ideas for e-waste recycling businesses. So let’s proceed to the business planning section.
If there is any industry or line of business that is gaining support from key stakeholders in our world today, it is the recycling industry. This is so simply because the recycling business is an eco-friendly business that can earn you a living and make you a business owner and an employer of labor.
There are diverse niches – areas of specializations in the recycling industry and one of them that you can specialize on is to go into e- Waste Recycling business. It is a business that is highly profitable especially as electronic – technology continues to advance over the years.
All you would need to launch an e – waste recycling business is the machines and equipment needed and how to operate them, a good knowledge of where to collect ewastes and where to sell them, the legislations guiding the industry as well as strong entrepreneurial skills and perseverance.
If you are interested in starting an ewaste recycling company, then you should be ready to conduct due diligence before committing your money and other resources to it. Aside from a thorough and detailed feasibility studies and market survey, one of the important documents that will aid the success of the business is a good and workable business plan.
Below is a sample e – waste recycling company business plant template that can help you successfully write your own business plan without difficulty;
1. industry overview.
The recycling industry of which electronic waste recycling is a part of has become an integral part of modern society not only due to its social and economic impact but also because it plays a vital role for the future of our planet. In the world today, it is estimated that over 1 trillion tons of waste at the household level and in industries is generated.
Common materials for recycling include bottles, paper towels and aluminum cans et al and the niches available in the recycling industry are metals recycling, plastics recycling, electronic recycling, water recycling, oil recycling, glass recycling, furniture recycling , garbage recycling, tire recycling, construction waste recycling, paper recycling, battery recycling, cartridge recycling and industrial waste recycling.
E-waste which is also known as electronic waste are basically electronic products that are faulty, condemned or have become obsolete and can no longer be used. E – Waste includes used computers, televisions, radios, tablets, mobile phones, and several other used electronic products. Such materials are better reused when they are recycled as against allowing them to be buried under the earth.
Players in the e – Waste Recycling industry basically collect, separate, sort and process electronic waste materials. E – Waste Recycling companies make money/profits basically sell reusable parts and valuable metals and other materials recovered during the recycling process.
Some environmental experts further say 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.
The e – Waste Recycling industry is indeed a very thriving industry in most countries of the world. It is a major sector of the economy of the united states and it generates a whooping sum of well over billion annually from more than 2,723 registered and licensed freight e – Waste Recycling companies scattered all around the United States of America.
The industry is responsible for the employment of well over 35,494 people. Experts project that the e – Waste Recycling industry to grow at a 13.4 percent annual rate. There is no establishment in this industry that has a dominant market share in the United States.
According to research published by IBISWORLD, the e – Waste Recycling industry has a low level of market share concentration, with the industry’s four largest companies expected to account for a low share of industry revenue. Small companies that manage only one or two facilities at a local or regional level carry out most electronics recycling.
These companies are either contracted out by municipal governments to carry out the electronics recycling needs of a certain jurisdiction, or are paid by electronics manufacturers and retailers, who are required by certain state laws to pay for the proper disposal of the electronics that they manufacture or sell.
The e – Waste Recycling industry has come to stay and the good part of it is that it enjoys the support of environmentalist and the government of various nations since it is a means to preserve the earth from degradation, greenhouse gas emissions and environmental pollution.
Although establishing your own e – Waste Recycling Company requires huge startup capital and rigorous processes to build your own plant, but it is a fact that it is indeed a profitable venture. The market for recycled electronic waste is large and can accommodate loads of investors.
Bobby Jay e – Waste Recycling®, LLC is a U.S based, licensed and standard recycling company with strong bias for electronic waste recycling. We have been able to secure a standard and well – positioned facility in the outskirt of town in Providence, Rhode Island; a facility that is well positioned and highly suitable for the kind of e – waste recycling plant that we want to build.
We are in the e – Waste recycling industry to contribute our quota in saving the earth and also to compete in the highly competitive recycling industry not only in Providence – Rhode Island, but also throughout the United States market.
Bobby Jay e – Waste Recycling®, LLC will initially be involved in the recycling of electronic waste materials but will in the nearest future engage in the recycling of other materials. Our business goal is to become one of the leading recycling companies in the United States of America and we will make sure that we do all we can to compete favorably with leaders in the industry.
Our workers are going to be selected from a pool of certified and highly experienced recycling engineers and technicians in and around Providence – Rhode Island and also from any part of the United States of America as the business grows.
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 with leading e – Waste recycling plants in the United States and throughout the globe.
At Bobby Jay e – Waste Recycling®, 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.
We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.
Bobby Jay e – Waste Recycling®, LLC is founded by Engr. Robert Jason a recycling engineer per excellence who graduated with from Illinois Institute of Technology (B.Engr.) and his friend and business partner for many years Tyler James (B.Sc. Business Management).
They have a combine experience that can help them build Bobby Jay e – Waste Recycling®, LLC to favorably compete with other leading recycling plants in the United States of America and throughout the globe.
Bobby Jay e – Waste Recycling®, LLC was established with the aim of maximizing profits in the e – Waste recycling industry.
We want to compete favorably with the leading e – Waste recycling plants in the United States which is why we have but in place a competent quality assurance team that will ensure that every recycled electronic material or products that leaves our recycling plant meet and even surpass our customers’ expectations and meet with best practices in the industry.
We will work hard to ensure that the products and brand of Bobby Jay e – Waste Recycling®, LLC is not just accepted in Providence – Rhode Island but also in other cities in the United States of America. Our products and services are listed below;
Our Business Structure
Bobby Jay e – Waste Recycling®, LLC is an e – Waste recycling company that intend starting small in Providence – Rhode Island, serving smaller industries within our locations, but hope to grow big in order to compete favorably with leading e – Waste recycling plants in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
At Bobby Jay e – Waste Recycling®, 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 the stake holders (the owners, workforce, and customers).
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 five 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;
Client Service Executive
Truck Drivers
Chief Executive Officer – CEO:
Head, Technical Services:
Admin and HR Manager
Sales and Marketing Manager
Accountant/Cashier:
Recycling Plant Engineers (2) and Technicians/Machine Operators (8)
Bobby Jay e – Waste Recycling®, 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 e – Waste recycling business that can favorably compete in the highly competitive recycling industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Bobby Jay e – Waste Recycling®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Bobby Jay e – Waste Recycling®, LLC;
Our core strength 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 e – waste recycling plant is built to fit into the design of a 21 st century recycling plant.
As a new e – waste recycling plant in Providence – Rhode Island, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients (big time manufacturing / production companies that make use of recycled electronic materials) in the already saturated and highly competitive recycling industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.
No doubt, the opportunities in the e – waste recycling industry is massive considering the number of individuals and manufacturing companies who are now switching over to alternative source of raw materials basically to save cost and energy. As an e – waste recycling company, we are ready to take advantage of any opportunity that is available in the industry.
Aside from unfavorable government policies, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of new recycling plants in same location where our target market exists and who may want to adopt same Business model like us.
One obvious trend in the e – 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 and even international Non – Government Organizations are in the forefront when it comes to campaigning in favor of recycling materials to generate raw materials for industries as against tapping virgin raw materials. This is so because it will help save cost and energy and the earth that we live in will be the better for it.
Another trend is that is common in the e – waste recycling industry is that, with the advancement of technology, it is now easier to recycle and process almost any materials and liquid waste that exist in our world. This trend and the immerse support from government and NGOs is sure responsible for encouraging investors to venture into the e – waste recycling industry
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 electronic waste. The e – waste recycling industry is expected to experience healthy growth going forward as purchases of electronics drive demand for the recycling of obsolete products and regulation for the industry increases.
Lastly, more and more manufacturing industries are beginning to see the benefits of going for recycling materials as against going for virgin raw materials in the production of their products. This is the reason why the industry is expanding and becoming more profitable and viable.
Prior to starting our e – waste recycling business in Providence – Rhode Island, we conducted a market survey and feasibility studies and we are certain that there is a wide range of manufacturing/production factories that cannot successfully run their businesses without sourcing for recycled electronic materials from us.
In view of that, 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 products/recycled raw materials. Below is a list of the people and organizations that we have specifically market our products and services to;
Our Competitive Advantage
The recycling industry is an emerging market that is yet to be fully accepted 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 the players in order to have a win-win situation for all the players.
Without a shadow of doubt, there are loads of big time investors that have a stake in the e – waste recycling industry; but one thing is certain, there is room big enough to accommodate all players. So, if you enter the industry today, you should brace up yourself for collaboration and prepare for serious competition in the nearest future as soon as the recycling industry enter it boom period, this period will definitely arrive especially in the developing world in little time when recycled product is seen in the same light as the new and “virgin” materials.
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.
Lastly, all our employees will be well taken care of, and their welfare package will be amongst the best within our category (startups e – waste recycling companies in the United States) 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 achieve all our business aims and objectives.
Bobby Jay e – Waste Recycling®, LLC is established with the aim of maximizing profits in the e – waste recycling industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Bobby Jay e – Waste Recycling®, LLC will generate income by selling and supplying the following products;
One thing is certain, there would always be manufacturing/production companies who cannot but source their raw materials from electronic waste recycling plants.
We are well positioned to take on the e – waste recycling industry and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six month of operations and grow our e – waste recycling company to enviable heights.
We have been able to critically examine the e – waste recycling market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Providence – Rhode Island.
Below are the sales projections for Bobby Jay e – Waste Recycling®, LLC, it is based on the location of our business and of course the wide range of our products and target market;
N.B : This projection is 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 e – waste recycling plant is located or where our target market exist. Please note that the above projection might be lower and at the same time it might be higher.
We are mindful of the fact that there are stiffer competitions in the e – waste recycling industry; 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 e – waste recycling industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Bobby Jay e – Waste Recycling®, LLC.
Our corporate goal is to grow Bobby Jay e – Waste Recycling®, LLC to become one of the top 10 e – waste recycling brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Providence – Rhode Island but also in other cities in the United States of America.
Bobby Jay e – Waste Recycling®, LLC is set to make use of the following marketing and sales strategies to attract clients;
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 Providence – Rhode Island and beyond which is why we have made provisions for effective publicity and advertisement of our e – waste recycling company.
Below are the platforms we intend to leverage on to promote and advertise Bobby Jay e – Waste Recycling®, LLC;
At Bobby Jay e – Waste Recycling®, LLC we will keep the prices of our recycled electronic materials below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.
We are aware that there are some one – off jobs or government contracts that are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
The payment policy adopted by Bobby Jay e – Waste Recycling®, 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 Bobby Jay e – Waste Recycling®, LLC will make available to her clients;
In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the purchase of our recycled products.
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a standard e – waste recycling plant; it might differ in other countries due to the value of their money.
However, this is what it would cost us to set up Bobby Jay e – Waste Recycling®, LLC in the United of America;
Going by the report from the market research and feasibility studies conducted, we will need about four hundred and fifty thousand ( 450,000 ) U.S. dollars to successfully set – up a medium scale but standard e – waste recycling plant in the United States of America.
Generating Funds/Startup Capital for Bobby Jay e – Waste Recycling®, LLC
Bobby Jay e – Waste Recycling®, LLC is a business that will be owned and managed by Engr. Robert Jason and his friend and business partner for many years Tyler James. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
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 $350,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Bobby Jay e – Waste Recycling®, LLC is to build a business that will survive off its own cash flow without the need for 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 and refurbished materials a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Bobby Jay e – Waste Recycling®, 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 re – training 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 ten years or more. We know that if that 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
Optimize routing, task allocation and dispatch
Calculate accurate ETAs, distances and directions
Provide turn-by-turn navigation instructions
Track and manage assets in real time
Product Demos
See NextBillion.ai APIs & SDKs In action
Easily integrate our products with your tools
Platform Overview
Learn about how Nextbillion.ai's platform is designed
Routing Customizations
Learn about NextBillion.ai's routing & map customizations capabilities
Get regulation-compliant truck routes
Solve fleet tracking, routing and navigation
Maximize fleet utilization with optimal routes
Real-time ETA calculation
Real-time ETA Calculation
Optimized routes for cab services
Optimize routing and dispatch
Automate field service scheduling
Efficient route planning with road restrictions
Logistics technology providers
Fleet owners
Long haul trucking
Middle-mile logistics
Last-mile delivery
Urban mobility
Field services
Non-emergency transportation
See NextBillion.ai APIs & SDKs in Action
Discover what customers are building in real time with NextBillion.ai
Get in-depth and detailed insights
Latest product releases and enhancements
Navigate the spatial world with engaging and informative content
Experience a more powerful optimization and scheduling platform, better optimized routes, advanced integration capabilities and flexible pricing with NextBillion.ai.
Comprehensive API guides and references
Interactive API examples
Integrate tools you use to run your business
Deep-dive into the technical details
Get quick answers to common queries
Learn how to implement route optimization for vehicle fleet management using python in this comprehensive tutorial.
API Reference
Navigation api & sdk.
Android SDK
Flutter SDK
Documentation
Integration
Partner with us
Our story, vision and mission
Meet our tribe
Latest scoop on product updates, partnerships and more
Come join us - see open positions
Reach out to us for any product- or media-related queries
For support queries, write to us at
To partner with us, contact us at
For all media-related queries, reach out to us at
For all career-related queries, reach out to us at
Starting a waste management business can be a lucrative and impactful venture due to increasing sustainability and environmental responsibility. The demand for efficient waste disposal and recycling services is on the rise as communities and businesses seek to minimize their environmental footprint. To start a waste management business, you’ll need to understand the industry, identify your target market, comply with legal and environmental regulations, secure the necessary equipment and funding, and develop a strong business plan. This comprehensive article will guide you through the essential steps to establish a successful waste management business, helping you turn waste into a profitable and eco-friendly enterprise. This article includes a description about waste management, benefits of launching a waste management business, how to do the launching of a waste management business and how Nextbillion.ai provides its potential to boost the waste management business.
Without any doubt, the most obvious advantage of launching a business is the potential for financial gain. However, keeping a balance in this field requires knowing what clients desire from premium waste removal services. Making money is without a doubt the most obvious advantage of launching a business, as our experience has successfully demonstrated. Understanding what clients desire from a garbage disposal service in terms of quality is critical to maintaining the health of the business. There are several benefits for the environment as well as business owners that launch waste management companies.
The need for a sustainable approach to disposing of waste is growing in society. When it comes to getting rid of their commercial waste, domestic waste, and other waste material from businesses, people completely stand helpless. They seek a long-term fix for issues of this nature. Therefore, the waste management industry experiences growth. If this firm is operating efficiently, it can be quite profitable.
Landfill contamination can be reduced by starting a business. Because they adopt proper waste management strategies like composting, recycling, and responsible disposal, this keeps junk out of landfills. This helps to reduce the accumulation of hazardous chemicals and lessens the chance of contaminating soil and groundwater.
Initiating a business generates opportunities for employment inside the community. Waste collection centers, processing facilities, and recycling facilities need a trained workforce because they employ workers with a variety of backgrounds and abilities. This simultaneously reduces unemployment and strengthens the local economy.
The waste management industry ultimately serves as a tool for maintaining safe and sanitary neighborhoods. This lowers the quantity of waste that gathers on vacant land and roadside ditches. All in all, it makes the environment cleaner for everyone.
There’s no need to freak out over how to launch a profitable waste disposal company. When launching a firm, planning and decision-making skills are crucial. Let’s examine the procedures that must be followed in order to launch a profitable trash management company.
It is important to take into account the type of waste that will be collected from the proposed operational region while choosing the sector. Different places produce different kinds of garbage. Distinct sectors provide varying opportunities and difficulties. Medical waste, construction waste, electronic waste, green waste, animal/pet waste, industrial waste, and even nuclear waste are some of these industries. It is essential to determine if a different business is offering a similar service in the industry that your company is targeting. Additionally, you need to specify each place where you want to provide your services. Try searching with search engines other than Google to find a wider range of results. This will allow for a deeper understanding of the concept. To guarantee the success of your waste management business, choose the industry that most closely matches your area of expertise, the resources you have at your disposal, the relevant laws, and future market needs.
After making an analysis of the market, seek investors as soon as possible to provide financial support for launching your waste management company. For investors to fully understand and support your firm, you have to pitch your ideas, strategies, and estimated profits to them. Banks, venture capitalists, and private financiers are some of the investors. Once they are satisfied with your ideas, you will be granted financial support which will help the business to grow. Establishing your own company is laborious and typically involves an important financial investment. Finding lenders or investors who are willing to back your enterprise thus becomes necessary.
You must do your research before making an equipment purchase for your waste management business. Two separate groups can be made out of waste management equipment. One is in charge of collecting waste, while another is in charge of processing. Some examples of trash collection equipment are trucks, dumpsters, and safety equipment. Among the equipment used in waste processing are loaders, sorters, compactors, shredders, and excavators. After you’ve made the investment in the equipment and supplies your company needs, be sure you have the right training to operate it. By doing this, you can make sure that your staff members are operating the equipment safely, effectively, and correctly.
This is a crucial phase for the success of your company. It is just as important as taking the initial step in the business. Once the basic procedures are completed, it’s time to grab the customers. The most often used media platforms for business advertising include newspapers, radio, television, as well as social media. It is important to attract clients while maintaining the positive aspects of your business. You can accomplish that goal with the aid of a successful campaign. Create a campaign with the intention of promoting your company. This would surely attract a diverse range of customers. Create engaging content for your company’s social media platforms to raise awareness of your brand. Sponsored ads and promotions can be used to target certain clients and generate more leads.
Make your own business cards and fliers to distribute to potential clients in person. Find nearby companies that could use your help and establish a relationship with them. This will make a good impression on them, and this contact will come in handy in the future.
Route optimization helps logistics companies to increase operational efficiency, reduce fuel consumption and minimize delays in collecting waste. By using route optimization , solid waste management operations can increase their productivity and help create a cleaner, more sustainable future. Using route optimization provides lots of benefits. They are as follows:
Route optimization significantly reduces operational cost. Optimized route means waste collecting truck travel less time, which reduces fuel consumption and extends vehicle lifespan. The waste collection crew can complete tasks in less time, reducing overtime and labor costs.
Ensuring timely deliveries increase customer satisfaction. The customers can view the transparency and reliability of the tool when they get real-time updates.
The vehicle travels less when the routes are optimized and scheduled properly. This efficient routing reduces fuel consumption and contributes towards a sustainable operation.
Businesses that optimize their routes can offer better prices and service levels, gaining an edge over competitors. It also allows for scalability without a proportional increase in costs.
In the waste management sector, accuracy, flexibility, and efficiency are critical for success. NextBillion.ai provides specific measures to tackle certain challenges faced by the sector. Route optimization works through a structured process that involves several key steps:
Getting thorough and reliable information is the first step. GPS coordinates are used to track the customer’s location. Every delivery point’s address is stored for further use. Vehicle data is also recorded, including the quantity of vehicles, their maximum and minimum capacity, and any other restrictions. Certain customers can have delivery time constraints; in these situations, priority delivery and pickup with clear instructions are requested. To improve data collecting, distances between two locations, the present condition of the roads, and traffic patterns are documented.
Route optimization uses various algorithms for several cases.
Use the software for route optimization with the data collected. This tool processes the input and generates the optimum path using precise algorithms. In order to determine the most effective routes, the program executes these algorithms while taking into account all limitations and variables.
The established routes have the capacity to adapt to required modifications in delivery requirements or traffic updates. Routes can be dynamically adjusted by software to keep efficiency. The final product will be an extensive plan with the estimated duration of each vehicle’s stops. Delivery operations are done in the most effective and economical way possible by adhering to the previously mentioned approach. This improves sustainability and overall productivity.
Improving the operating efficiency of the waste collection fleet, which consists of numerous trucks, requires optimizing dispatch and routing. Reducing unnecessary travel time, driver fatigue, fuel consumption, and other associated problems is the ultimate objective. Considering every aspect of the situation, it is an arduous undertaking. However, by taking into account crucial factors like shift timings, vehicle capacity, road limits, etc., some map data and API solutions enhance driver job assignment and routing sequences. Clearly, one way to optimize your waste collection process is to make sure the right drivers are assigned the right duties. It is even possible to install sensors in waste bins to alert you when they are about to fill up. Here’s a situation where everyone benefits! It ensures timely upkeep of the trash cans, enhancing the happiness and welfare of the neighborhood’s inhabitants and employees. It saves you money by avoiding needless maintenance and allows you to wait until the bins need to be serviced.
The robust APIs and SDKs provided by NextBillion.ai provide waste management companies with a complete solution. These innovative technologies enable customers to swiftly connect and alter existing software to build sophisticated location-based applications that are customized to meet their specific requirements.
Users may streamline operations and foster innovation using NextBillion.ai’s smart technology, regardless of whether they are in charge of logistics, mapping, or navigation. The comprehensive solutions offered by Nextbillion.ai are listed below:
Navigation sdk, clustering api, distance matrix api.
Route optimization finds the shortest and most effective routes based on the specific operational needs of the customer. Waste management operations can be optimized to satisfy specific needs, including cutting trip times, using less fuel, or adhering to service schedules, by utilizing real-time data and sophisticated routing algorithms.
This provides drivers with thorough turn-by-turn guidance, ensuring they can navigate any route safely and successfully. This thorough guidance helps drivers to stay safe, take the best routes, and abide by traffic laws. Waste management operations have the potential to reduce errors, cut travel times, and enhance overall safety by incorporating real-time information and sophisticated navigation systems. Turn-by-turn directions ensure that drivers maintain their composure and alertness, which facilitates a more reliable and efficient waste collection process.
By dividing up a large number of gathering locations into smaller clusters according to predetermined criteria, this method effectively handles waste collection. The demands may include things like garbage volume, frequency of collection, or geographic closeness. Operations may be optimized, routes can be streamlined, and resources can be more effectively distributed by dividing collecting points into manageable clusters. By streamlining the planning and implementation of waste collection, this strategic approach boosts productivity, lowers operating expenses, and enhances service quality.
The distance matrix API makes it simple to calculate exact distances and expected times of arrival (ETAs) between available vehicles and waste collection locations. Waste management operations can dynamically assign cars to collection areas depending on proximity and journey time by utilizing GPS technology and sophisticated mapping software. This real-time data optimizes resource use, guarantees timely collections, and facilitates effective route planning. Precise distance and estimated time of arrival computations contribute to increased operational effectiveness, less fuel usage, and improved overall service dependability.
Consider the suggestions in this article to guarantee the best way to establish a waste management business. You’ll enhance exposure for your services in addition to growing your base of customers. You can manage any amount of waste produced without sacrificing its environmental impact at the same time if you have an organized strategy in place. This will help your waste management business succeed. It might be difficult to launch a firm in the waste management sector, therefore perseverance and commitment are crucial. Developing and optimizing your system may require some time, but you can be sure that your efforts are fruitful if you work diligently and persistently. Furthermore, keeping informed of developments in the waste management sector might be beneficial to you. The efficiency of the business will increase if the best software is used to optimize and schedule the routes. Without wasting any time, Nextbillion.ai may improve efficiency and streamline this process. Nextbillion.ai is the best option, in my opinion. Nextbillion.ai resolves problems on time by combining cutting-edge technological tools with customizable options. You may save time and wave goodbye to instruments that lack accuracy, productivity, and efficiency.
Divya is a dedicated Technical Content Writer with experience of two years in the industry. Her expertise spans various forms of writing, including blogs and website content.
Jaclyn Diaz
Boxes of Green Mountain Keurig coffee K-Cup pods are seen on display at a Target store. The Securities and Exchange Commission has announced that they are charging Keurig Dr Pepper over inaccurate claims made by the company about the recyclability of its disposable K-Cup pods. Michael M. Santiago/Getty Images hide caption
Keurig has agreed to pay $1.5 million in penalties after the Securities and Exchange Commission charged the company with making misleading statements about just how recyclable its popular K-Cup single-use coffee pods are.
Questions over whether the single-use, hard-to-recycle plastic Keurig K-Cups are environmentally friendly have hovered over the company for years. A peer-reviewed paper from 2021 found that coffee pods account for more emissions than other ways of making coffee, because of greenhouse gases created from producing the packaging and from the subsequent waste.
For certain consumers, environmental concerns were a significant factor in deciding whether or not to purchase a Keurig system, the SEC said in its findings. In 2019, the sale of K-Cups as well as the Keurig brewing system accounted for a significant chunk of the company's sales.
Sustainable eating habits that can help the environment without taking over your life.
The Keurig website says (with an asterisk), still as of Thursday morning , that since the end of 2020 that 100% of K-Cup pods have been recyclable. That, the SEC has found, is misleading.
Keurig told investors during the 2019 and 2020 fiscal years that the company's testing with recycling facilities “validate[d] that [K-Cup pods] can be effectively recycled," the SEC said. That claim left out a major caveat: Two of the country's largest recycling companies, which operate more than one-third of recycling facilities in the country, expressed "significant negative feedback" over the product's recyclability and expressed that they didn't intend to accept pods for recycling.
A spokesperson with Keurig Dr Pepper said in a statement to NPR, "We are pleased to have reached an agreement that fully resolves this matter." The firm has agreed to pay the fines without admitting or denying the SEC findings.
The statement continued, "Our K-Cup pods are made from recyclable polypropylene plastic (also known as #5 plastic), which is widely accepted in curbside recycling systems across North America. We continue to encourage consumers to check with their local recycling program to verify acceptance of pods, as they are not recycled in many communities. We remain committed to a better, more standardized recycling system for all packaging materials through KDP actions, collaboration and smart policy solutions."
LEADVILLE, Colo. — Rust-colored piles of mine waste and sun-bleached wooden derricks loom above the historic Colorado mountain town of Leadville — a legacy of gold and silver mines polluting the Arkansas River basin more than a century after the city’s boom days.
Enter a fledgling company called CJK Milling that wants to “remine” some of the waste piles to squeeze more gold from ore discarded decades ago when it was less valuable. The waste would be trucked to a nearby mill, crushed to powder and bathed in cyanide to extract trace amounts of precious metals.
The proposal comes amid surging global interest in re-processing waste containing discarded minerals that have grown more valuable over time and can now be more readily removed. These include precious metals and minerals used for renewable energy that many countries including the U.S. are scrambling to secure.
Backers say the Leadville proposal would speed cleanup work that’s languished for decades under federal oversight with no foreseeable end. They speak in aspirational tones of a “circular economy” for mining where leftovers get repurposed.
Yet for some residents and officials, reviving the city’s depressed mining industry and stirring up waste piles harkens to a polluted past, when the Arkansas was harmful to fish and at times ran red with waste from Leadville’s mines.
“We’re sitting in a river that 20 years ago fish couldn’t survive,” Brice Karsh, who owns a fishing ranch downstream of the proposed mill, said as he threw fish pellets into a pool teeming with rainbow trout. “Why go backward? Why risk it?”
Leadville — home to about 2,600 people and the National Mining Museum — bills itself as America’s highest city at 10,119 feet above sea level. That distinction helped the city forge a new identity as a mecca for extreme athletes. Endurance race courses loop through nearby hillsides where millions of tons of discarded mine waste leached lead, arsenic, zinc and other toxic metals into waterways.
The driving force behind CJK Milling is Nick Michael, a 38-year mining veteran who characterizes the project as a way to give back to society. Standing atop a heap of mining waste with Colorado’s highest summit, Mount Elbert, in the distance, Michael says the rubble has a higher concentration of gold than many large mines now operating across the U.S.
“In the old days, that wasn’t the case,” he said, “but the tables have turned and that’s what makes this economic … We’re just cleaning up these small piles and moving on to the next one.”
City Council member Christian Luna-Leal grew up in Leadville — in a trailer park with poor water quality — after his parents immigrated from Mexico.
Disadvantaged communities have always borne the brunt of the industry’s problems, he said, dating to Leadville’s early days when mine owners poorly treated Irish immigrants who did much of the work. Almost 1,300 immigrants, most Irish, are buried in paupers graves in a local cemetery.
Stirring up old mine waste could reverse decades of cleanup, Luna-Leal said, again fouling water and threatening the welfare of residents including Latinos, many living in mobile homes on the town’s outskirts.
“There is a genuine fear ... by a lot of our community that this is not properly being addressed and our concerns are not being taken as seriously as they should be,” Luna-Leal said.
The company’s process doesn’t get rid of the mine waste. For every ton of ore milled, a ton of waste would remain — minus a few ounces of gold. At 400 tons a day, waste will stack up quickly.
CJK originally planned to use a giant open pit to store the material in a wet slurry. After that was rejected, the company will instead dry waste to putty-like consistency and pile it on a hill behind the mill, Michael said. The open pit downslope would act as an emergency catchment if the pile collapsed.
The magnitude of mining waste globally is staggering, with tens of thousands of tailings piles containing 245 billon tons, researchers say. And waste generation is increasing as companies build larger mines with lower grades of ore, resulting in a greater ratio of waste to product, according to the nonprofit World Mine Tailings Failures.
This month, gold prices reached record highs, and demand has grown sharply for critical minerals such as lithium used in batteries.
Economically favorable conditions mean remining “has caught on like wildfire,” said geochemist Ann Maest, who consults for environmental organizations including EarthWorks. The advocacy group is a mining industry critic but has cautiously embraced remining as a potential means of hastening cleanups through private investment.
CJK Milling could help do that in Leadville, Maest said, but only if done right. “The rub is they want to use cyanide, and whenever a community hears there’s cyanide or mercury they understandably get very concerned,” she said.
Overseeing Leadville’s water supply is Parkville Water District Manager Greg Teter, who views CJK Milling as potential solution to water quality problems.
Many waste piles sit over the district’s water supply, and Teter recalls a blowout of the Resurrection Mine compelled residents to boil their water because the district’s treatment plant couldn’t handle the dirt and debris.
More constant is the polluted runoff during spring and summer, when snowmelt from the Mosquito mountains washes through mine dumps and drains from abandoned mines.
Every minute, 694 gallons on average of contaminated mine water flows from Leadville’s Superfund site , according to federal records. Most is stored or funneled to treatment facilities, including one run by the U.S. Bureau of Reclamation.
Up to 10% of the water is not treated — tens of millions of gallons annually carrying an estimated six tons of toxic metals, U.S. Environmental Protection Agency records show. By comparison, during Colorado’s 2015 Gold King Mine disaster that fouled rivers in three states, an EPA cleanup crew inadvertently triggered release of 3 million gallons of mustard-colored mine waste.
As long as Leadville’s piles remain, their potential to pollute continues.
“There are literally thousands of mine claims that overlay each other,” Teter said. “We don’t want that going into our water supply. As it stands now, all the mine dumps are ... in my watershed, upstream of my watershed, and if they remove them, and take them to the mill, that’s going to be below my watershed.”
EPA lacks authority over CJKs proposed work, but a spokesperson said it had “potential to improve site conditions” by supplementing cleanup work already being done. Moving the mine waste would eliminate sources of runoff and could reduce the amount of polluted water to treat, said EPA spokesperson Richard Mylott.
Other examples of remining in the Rockies are in East Helena and Anaconda, Montana and in Midvale, Utah, Mylott said. Projects are proposed in Gilt Edge, South Dakota and Creede, Colorado, he said.
Despite the mess from Leadville’s historic mining, Teter spoke proudly of his industry ties, including working in two now-closed mines. His son in law works in a nearby mine.
“If it were not for mining, Leadville would not be here. I would not be here,” the water manager said.
“There are no active mines in our watershed, but I’m confident in what CJK has planned,” he said. “And I’ll be able to keep an eye on whatever they do.”
The Associated Press
Add news to dashboard.
Stainless steel recycler Cronimet is expanding its presence in the Czech Republic with the acquisition of the ferrous and non-ferrous metal recycler Metallplast Recykling. The takeover was part of a long-term succession plan, the German company explained in an announcement released Wednesday morning. The sales agreement had been signed at the beginning of August and the closing conditions were fulfilled on 6 September, said Cronimet. Metallplast Recykling would now become "an integral and important part of the Cronimet group". The value of the transaction was not disclosed.
Metallplast Recykling is headquartered in Chabařovice in northern Bohemia. With a total of seven branches, the company describes itself as one of the leading recyclers of metal waste in the Ústí nad Labem region. Metallplast Recykling is active in the areas of ferrous scrap, stainless steel scrap, foundry scrap and non-ferrous metals, according to Cronimet, which did not provide any further information as to the tonnages processed by the newly acquired subsidiary....
© 2024 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.
We use cookies and external services on our website. Some are necessary, others enhance your user experience or help us improve this website.
You can change your privacy settings any time by clicking privacy policy .
Necessary cookies are required for the correct functioning of the website.
Content from video and social media platforms is blocked by default. If access to these services is accepted, separate consent is no longer required when using them. You can find more information on the individual external services in our privacy policy .
Mining waste.
LEADVILLE, Colo. (AP) — Rust-colored piles of mine waste and sun-bleached wooden derricks loom above the historic Colorado mountain town of Leadville — a legacy of gold and silver mines polluting the Arkansas River basin more than a century after the city's boom days.
Enter a fledgling company called CJK Milling that wants to “remine” some of the waste piles to squeeze more gold from ore discarded decades ago when it was less valuable. The waste would be trucked to a nearby mill, crushed to powder and bathed in cyanide to extract trace amounts of precious metals.
The proposal comes amid surging global interest in re-processing waste containing discarded minerals that have grown more valuable over time and can now be more readily removed. These include precious metals and minerals used for renewable energy that many countries including the U.S. are scrambling to secure.
Backers say the Leadville proposal would speed cleanup work that’s taken decades under federal oversight with no foreseeable end. They speak in aspirational tones of a “circular economy” for mining where leftovers get repurposed.
Yet for some residents and officials, reviving the city's depressed mining industry and stirring up waste piles harkens to a polluted past, when the Arkansas was harmful to fish and at times ran red with waste from Leadville’s mines.
“We're sitting in a river that 20 years ago fish couldn't survive," Brice Karsh, who owns a fishing ranch downstream of the proposed mill, said as he threw fish pellets into a pool teeming with rainbow trout. “Why go backward? Why risk it?”
Leadville – home to about 2,600 people and the National Mining Museum -- bills itself as America's highest city at 10,119 feet (3,0084 meters) above sea level. That distinction helped the city forge a new identity as a mecca for extreme athletes. Endurance race courses loop through nearby hillsides where millions of tons of discarded mine waste leached lead, arsenic, zinc and other toxic metals into waterways.
The driving force behind CJK Milling is Nick Michael, a 38-year mining veteran who characterizes the project as a way to give back to society. Standing atop a heap of mining waste with Colorado’s highest summit, Mount Elbert, in the distance, Michael says the rubble has a higher concentration of gold than many large mines now operating across the U.S.
“In the old days, that wasn’t the case,” he said, “but the tables have turned and that’s what makes this economic … We’re just cleaning up these small piles and moving on to the next one.”
City Council member Christian Luna-Leal grew up in Leadville — in a trailer park with poor water quality — after his parents immigrated from Mexico.
Disadvantaged communities have always borne the brunt of the industry’s problems, he said, dating to Leadville’s early days when mine owners poorly treated Irish immigrants who did much of the work. Almost 1,300 immigrants, most Irish, are buried in paupers graves in a local cemetery.
Stirring up old mine waste could reverse decades of cleanup, Luna-Leal said, again fouling water and threatening the welfare of residents including Latinos, many living in mobile homes on the town's outskirts.
“There is a genuine fear ... by a lot of our community that this is not properly being addressed and our concerns are not being taken as seriously as they should be,” Luna-Leal said.
The company’s process doesn’t get rid of the mine waste. For every ton of ore milled, a ton of waste would remain – minus a few ounces of gold. At 400 tons a day, waste will stack up quickly.
CJK originally planned to use a giant open pit to store the material in a wet slurry. After that was rejected, the company will instead dry waste to putty-like consistency and pile it on a hill behind the mill, Michael said. The open pit downslope would act as an emergency catchment if the pile collapsed.
The magnitude of mining waste globally is staggering, with tens of thousands of tailings piles containing 245 billon tons (223 billion metric tons), researchers say. And waste generation is increasing as companies build larger mines with lower grades of ore, resulting in a greater ratio of waste to product, according to the nonprofit World Mine Tailings Failures.
This month, gold prices reached record highs, and demand has grown sharply for critical minerals such as lithium used in batteries.
Economically favorable conditions mean remining “has caught on like wildfire,” said geochemist Ann Maest, who consults for environmental organizations including EarthWorks. The advocacy group is a mining industry critic but has cautiously embraced remining as a potential means of hastening cleanups through private investment.
CJK Milling could help do that in Leadville, Maest said, but only if done right. “The rub is they want to use cyanide, and whenever a community hears there’s cyanide or mercury they understandably get very concerned,” she said.
Overseeing Leadville’s water supply is Parkville Water District Manager Greg Teter, who views CJK Milling as potential solution to water quality problems.
Many waste piles sit over the district’s water supply, and Teter recalls a blowout of the Resurrection Mine compelled residents to boil their water because the district's treatment plant couldn't handle the dirt and debris.
More constant is the polluted runoff during spring and summer, when snowmelt from the Mosquito mountains washes through mine dumps and drains from abandoned mines.
Every minute, 694 gallons (2,627 liters) on average of contaminated mine water flows from Leadville’s Superfund site , according to federal records. Most is stored or funneled to treatment facilities, including one run by the U.S. Bureau of Reclamation.
Up to 10% of the water is not treated — tens of millions of gallons annually carrying an estimated six tons of toxic metals, U.S. Environmental Protection Agency records show. By comparison, during Colorado’s 2015 Gold King Mine disaster that fouled rivers in three states, an EPA cleanup crew inadvertently triggered release of 3 million gallons (11.4 million liters) of mustard-colored mine waste.
As long as Leadville's piles remain, their potential to pollute continues.
“There are literally thousands of mine claims that overlay each other," Teter said. “We don’t want that going into our water supply. As it stands now, all the mine dumps are ... in my watershed, upstream of my watershed, and if they remove them, and take them to the mill, that’s going to be below my watershed.”
EPA lacks authority over CJKs proposed work, but a spokesperson said it had “potential to improve site conditions” by supplementing cleanup work already being done. Moving the mine waste would eliminate sources of runoff and could reduce the amount of polluted water to treat, said spokesperson Richard Mylott.
Other examples of remining in the Rockies are in East Helena and Anaconda, Montana and in Midvale, Utah, Mylott said. Projects are proposed in Gilt Edge, South Dakota and Creede, Colorado, he said.
Despite the mess from Leadville's historic mining, Teter spoke proudly of his industry ties, including working in two now-closed mines. His son in law works in a nearby mine.
“If it were not for mining, Leadville would not be here. I would not be here,” the water manager said.
“There are no active mines in our watershed, but I’m confident in what CJK has planned,” he said. “And I’ll be able to keep an eye on whatever they do.”
Follow Brown on X, formerly Twitter: @MatthewBrownAP
IMAGES
VIDEO
COMMENTS
It should summarize the main points, which will be presented in full in the rest of your business plan. Start with a one-line description of your recycling company. Provide a short summary of the key points in each section of your business plan, which includes information about your company's management team, industry analysis, competitive ...
Writing a recycling business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section planned to offer an overview of the entire business plan.
If you are processing recyclables, you will need employees to operate your machinery. In addition, you may also want to consider hiring employees to help with things like book keeping and marketing. 3. Get the word out. In order to succeed in this business, you will need a steady stream of recyclable materials.
Step 3: Brainstorm a Recycling Company Name. Here are some ideas for brainstorming your business name: Short, unique, and catchy names tend to stand out. Names that are easy to say and spell tend to do better. Name should be relevant to your product or service offerings.
3. Making your financial projections. A recycling business plan includes financial projections for at least the first year of operation. This projection gives you an idea about the funding you need for your business to take off. In short, it assists you to develop your financial plan as well.
Explore a real-world plastics recycling business plan example and download a free template with this information to start writing your own business plan. ... In 1998, Sam sold his interests in a medical waste treatment and plastics recycling business to a public company (Company A) based in Chicago. Since that time he has served as Vice ...
1. Conduct Recycling Market Research. Market research is important to any new recycling program. Whether you sell recyclable materials or run a processing facility, market research offers insight into your target market, prime locations, local market saturation, local government license requirements, and more. Source.
Take a look at the logistics and costs for different business models like drop-off centers and curbside pickup. Look into the recyclable items in your area. Common ones include glass and plastics, cardboard, metal, and electronics. Take a look at the market size and the potential for recycling growth. Look at the trends in waste and analyze ...
Operations Plan: Details about the day-to-day operations of your recycling business, including staffing requirements, facilities, equipment, and processes. This plan should outline how you will collect, sort, process, and sell the recyclable materials. Management Team: Information about the key members of your management team, their roles, and ...
Identify the target market: Determine the specific market segments you plan to serve. This could include households, businesses, or industries. Assess the potential volume of recyclable materials generated by these sources. Research existing recycling businesses: Study the competition in your area.
How to Write a Recycling Business Plan in 7 Steps: 1. Describe the Purpose of Your Recycling Business. The first step to writing your business plan is to describe the purpose of your recycling business. This includes describing why you are starting this type of business, and what problems it will solve for customers.
2.1 The Business. Greenworks Recycling Center will be a recycling company owned by Ardon John in New York. The primary aim of the business will be to recycle and reuse plastic waste materials. Our recycling company will focus to recycle plastic wastes like plastic containers, bottles, polythene, polybag, plastic boxes, packets, sheets, and the ...
Recycling Waste Materials Business Plan. Mid-Atlantic Recycling, LLC's area of business will be to collect, recycle/compost, and market waste from municipality waste processing plants for use use as a consumer good. A wide variety of materials from homes and businesses can be recycled and reprocessed. Scrap metal, building materials ...
A business plan should include the following sections: Executive Summary - a concise overview of the business's purpose, structure, and goals.; Company Description - details all information about the company.; Market Analysis - identifies and analyses potential customers of the business based on demographics, trends, and purchasing habits. ...
Step 4: Find a Facility. Whether you opt to have people drop off their recyclables at your facility or you choose to do pick-ups, you need a facility to perform the actual process of recycling. So, the next step in the process is finding a facility.
Below is the sales projection for Friends of The Earth Recycling®, LLC, it is based on the location of our business and of course the wide range of our services and target market; First Fiscal Year-: $150,000. Second Fiscal Year-: $250,000. Third Year-: $600,000.
A major aspect of creating your business plan should also include how you'll cover business costs. Again, depending on your niche, these costs will vary. General costs for a recycling business typically include: Access to processing complexes. Transportation of recyclable materials. Employees and support staff.
1. Choose the Name for Your Recycling Business. The first step to starting a recycling business is to choose your business' name. This is a very important choice since your company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable.
The recycling business is considered the "economic engine," which generates more than 500,000 jobs in the USA alone and is only expected to grow daily. The recycling industry is forecasted to be at a market value of 88.1 billion USD by 2030.. A market of such enormous size and its future safe will surely offer brilliant business opportunities.
Solution. Mid-Atlantic Recycling, LLC's area of business will be to collect, recycle/compost, and market waste from municipality waste processing plants for use use as a consumer good. This recycled product will meet two critical needs: It will help meet the growing demand for organic soil enhancers and fertilizers.
Recycling companies play a pivotal role in the production of eco-friendly and sustainable products that are in growing demand across various industries. These companies transform recycled materials into a wide range of products, catering to the needs of manufacturers seeking environmentally responsible alternatives. ... Recycling Business Plan ...
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 design of e - waste recycling plant we want to build will cost - $150,000.
To guarantee the success of your waste management business, choose the industry that most closely matches your area of expertise, the resources you have at your disposal, the relevant laws, and future market needs. Design a distinct business plan. Prior to beginning your business, you must set aside time to sit down and create a strong ...
Business. Keurig misled the public over claims its K-Cup pods are 100% recyclable, the SEC says. September 12, 2024 1:30 PM ET. ... Two of the country's largest recycling companies, which operate ...
The company's process doesn't get rid of the mine waste. For every ton of ore milled, a ton of waste would remain — minus a few ounces of gold. At 400 tons a day, waste will stack up quickly.
Stainless steel recycler Cronimet is expanding its presence in the Czech Republic with the acquisition of the ferrous and non-ferrous metal recycler Metallplast Recykling. The takeover was part of a long-term succession plan, the German company explained in an announcement released Wednesday morning. The sales agreement had been signed at the beginning of August and the closing conditions were ...
Trump's tax plans include a reduction of the corporate tax rate from 21 to 15 percent for companies that produce within the United States. His prior 2017 tax cut saw the rate go down by 35 percent ...
LEADVILLE, Colo. (AP) — Rust-colored piles of mine waste and sun-bleached wooden derricks loom above the historic Colorado mountain town of Leadville — a legacy of gold and silver mines ...
DAYTON, Ohio (WDTN) — An iconic brand that is best known for making soup has announced a plan to change its name. During the Campbell Soup Company's Fiscal 2025 Investor Day on Sept. 10 ...
The company's process doesn't get rid of the mine waste. For every ton of ore milled, a ton of waste would remain - minus a few ounces of gold. At 400 tons a day, waste will stack up quickly.