The Unique Resources You Need to Start a Recycling Business
December 8, 2020 287 views
Tips, Insights, and Resources to Start and Run A Recycling Business
About This Post
In this post, you’ll find a unique collection of hand-picked articles, organized by topic in the resource section further down the page.
Before you get to the resources, I’d like to go over a few important considerations for you to review.
A Few Words About Recycling
Recycling has become more common in the past few decades. With the increase and awareness of the world’s waste pollution, I can see that the recycling industry is steadily rising.
In most cases, recycling is great for the environment. You’re transforming waste into raw material to create new products. It saves natural resources and changes the way the world deals with waste.
One important point about recycling is you don’t want to be counterproductive where the recycling process takes more resources to process than using raw material to begin with. This would not be a profitable business, and the end result is worse for the environment.
Is This the Right Opportunity for You?
One key factor contributing to your success depends on how determined and passionate you are about what you’re doing.
Problems will show up when running any business. When running an operation you’re not interested in, you’ll be looking for a way out of instead of looking for a creative way to solve the problems that show up.
Since you’re starting out, you have a choice, and it’s my recommendation to make sure you’re choosing a business you’re passionate about.
There are a few questions and considerations to help you see the big picture for your company. Let’s go over a few of them.
What Type of Recycling Operation Will You Start?
One of the first and most important steps is deciding what type of recycling business you plan to start.
You need to decide on what type of material you’ll be recycling. Once you have decided that, it will be easier to make other decisions.
When deciding on the type of material, find out if that material is readily available for recycling. Next, you want to look into how difficult it is to recycle that material. You want to determine if the raw material you’re producing is in demand. If there is no demand for your material, then there’s no use in recycling it because you’re just turning waste into more waste.
Your next step is to determine if it’s profitable to recycle the material. Many materials can be recycled, but the cost of recycling may be more than the recycled product’s value.
Each type of recycling requires its own process, materials, and equipment. It makes sense to focus on one process of recycling and expanding as needed because each process may require different machinery.
For example, if you are recycling 10 different products, you may need 10 different lines, which can be costly. If it’s profitable and your product is in demand, it makes sense if you can handle the capital investment.
What is the scale you’re planning on? Are you thinking of a simple recycling business where you operate as a one-person operation? Are you considering a multi-million dollar set up? Or are you planning to start off small and expand as needed? It’s important to understand and set a goal before you start. Without a goal, you could be wandering for years, missing opportunities, and wavering in your business practices.
It’s important to have a few contracts for the raw material you’re producing. As a recycler, you may not be able to store your finished goods for long periods. You want to run your production and get it out the door as soon as possible.
You want to ensure you have a steady stream of income so you can keep your operation running.
If the demand for your product is weak or sporadic, you want to look into recycling something in higher demand.
Have you thought about the permits you may need to recycle? Also, will your process require the use of chemicals? If you use chemicals, are they safe for the environment and allowed in the area where you are operating your business?
A Collection of Resources Related to Starting a Recycling Business
As mentioned earlier, you have reached the resource section of the page. There are many articles to go through, and you won’t be able to go through them all from one visit.
The good news is you can come back anytime to access the collection.
Disclaimer: Information on this site is intended for educational purposes. The publisher and authors are not liable for any damages or losses associated with the information contained on this website.
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