There are several business opportunities available for any serious minded person that is looking forward to becoming an entrepreneur. In recent time, the recycling industry is rapidly gaining prominence in the world today. As a matter of fact, a lot of environmental protection agencies are advocating for a clean and safer environment and one of the ways to achieve it is through recycling of used materials.
Starting a recycling business in most climes receive support from both state and federal governments, which is the reason why you should consider starting your own recycling business. One of the areas you can specialize in your recycling business is to start a cardboard recycling business – the market for cardboard recycled products is large.
Cardboard recycling business is all about collecting used cardboards and then recycling it so that it can be reused for the production of cardboards or any other related materials like; books, paper folders, et al. It is a fact that cardboard recycling business is indeed a profitable business, and it requires a moderate startup capital to establish it plus the fact that you stand the chance of enjoying tax rebate in most countries of the world.
Now let us quickly consider some of the steps you need to follow to be able to establish your own cardboard recycling business from the scratch and then grow it to profitability within the shortest time possible;
Starting a Cardboard Recycling Company – Sample Business Plan Template
1. Carry out Research on the Recycling Industry
The recycling industry is indeed a booming industry and it is advisable to research on the industry before setting up your own cardboard recycling business. Researching the recycling industry with key reference to cardboard recycling gives you a better perspective of all it entails to start and manage the business. Your research would expose you to all the intricacies of the recycling industry and how you can receive support from pro – recycling agencies from all around the world.
2. Write Your Business Plan
Your business plan is a document that clearly states the modalities to follow to be able to setup your business, manage the business, and also grow and expand the business. You have the option of writing your business plan yourself; you have the options of contracting it out to business consultants or the option of running it through a business plan template. The bottom line is that your business plan should be able to pass reality test before you start implementing it.
3. Register Your Business
Registering your business before taking off is not negotiable in developed countries. So, what is expected of you is to contract your lawyer to help you out with the registration of your business, you can as well do it yourself if you have the time to spare. Once you register your business, it is important that you obtain your tax payer’s ID as well as a business license if it is required in your country or state.
4. Lease or Rent a Facility
No doubt you would need a facility to run your cardboard recycling business. So, ensure that you get a facility that can get approval from the government before making payment for the facility. You can talk to a real estate agent to help you search for an ideal facility.
5. Purchase the Required Equipment
You would need to purchase Pulp molding machines, waste paper recycling machines with different capacities, shredders, forklifts, trucks, amongst others. The truth is that waste paper recycling machines can be very expensive, so, you must brace yourself up financially. A standard waste paper recycling machine with a large capacity could cost up to $80,000. Aside from the money used in renting a facility, the next big money you are expected to spend is in purchasing of waste paper recycling machines and supplies.
6. Put Plans in Place for Sourcing for Used Cardboards
One good thing about cardboard recycling business is that you can get your raw materials (used cardboard) for free. All you need to do is to put plans in place for sourcing for used cardboards. One of the major sources of used card boards is in schools; you can negotiate with the school management around to allow you to collect used cardboard from their schools.
In most cases, you will be allowed because it is indeed a win – win situation for both parties. For them; it means that you are helping them clear waste / dirt, whilst you are getting raw materials for your business. You can also get used cardboards from printing press and waste / refuse dumped and processing sites. You can as well encourage and pay young chaps whenever they bring piles of used cardboards to you.
7. Source for Market for Your Recycled Cardboards
What you make out of your recycled cardboard is very important. You can decide to produce new cardboard from it, you can produce hard paper backed books, and you can produce printing papers from it. Whatever you produce determines where to market your recycled product. The places you are expected to market your products are schools, printing press, offices and in any other places that you know they would need your products. The truth is that, if you are able to secure a contract to supply books to schools or a printing press, you are sure going to make good returns from this business.
Lastly, you are not expected to run this type of business alone. You would need employees to work with you. You would need waste paper recycling machine operators, you need marketers and waste cardboard paper collectors. Part of what you also need to do to make it easier to collect used cardboards from school is to install a well labeled waste collectors in strategic places in all the schools you around you.
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