The recycling industry has fully come to stay in our world and it is producing loads of business opportunities for entrepreneurs who are looking towards starting a business. The recycling industry is responsible for helping us to preserve and protect our world. As a matter of fact, there are various areas of recycling business an entrepreneur can go into and one of them is glass recycling business.
Glass recycling is simply the process of converting waste glass into usable products such as colorless glass cups, glass windows, car windscreen, mirrors, bottles, jars, light bulbs, TV and computer screen et al. The process of recycling glass involves crushing the waste glass, melting it under very high temperature and then molding it into any shape or product.
The fact that stuffs made of glass can be found all around us makes glass recycling business a very lucrative business. Glass recycling technology is rapidly gaining ground on the global stage, but it is indeed a very big business in countries like United States of America, Germany and United Kingdom.
Now if you are certain that you will have access to the technology used in glass recycling, then you should consider starting your own recycling business especially if you live in the United Kingdom, Germany or the United States of America;
Let us quickly go through the steps to follow to be able to start your own glass recycling business from the scratch, and then build it to profitability within the shortest time frame possible;
Starting a Glass Recycling Company – Sample Business Plan Template
1. Carryout Your Feasibility Studies
Experts will always advise any entrepreneur who intend starting his / her own business to follow due process by first conducting their own feasibility studies before committing their time and money to the business. The truth is that in most cases, after a comprehensive feasibility studies have been carried out, some people drop their business ideas and shop for new ones.
This is so because they will realize that they don’t have what it takes to manage such business. The fact that a business is booming doesn’t mean that every Tom, Dick and Harry can manage it. So, ensure that you carry out your feasibility studies on your glass recycling business idea before you commit your money and your time to the business.
2. Write Your Business Plan
If the report you get from your feasibility studies point to the fact that you have the capacity to run your own glass recycling business, then you should move to the next step – write your own business plan. The truth is that, if you are able to conduct a comprehensive feasibility studies, it makes it easier for you to draft a winning business plan. The statistics and facts that you get from your feasibility studies will help you with budgeting and forecasting.
3. Incorporate Your Company
No doubt, if you already have a working document or blue print on how to run your business, going ahead to incorporate the business won’t be a big deal to you. Hence, ensure that you visit the secretary of your state or the corporate affairs commission to get your company registered and then apply for your Tax Payer’s ID and the required license and permits to operate a glass recycling factory in your state of country. One good thing about recycling business is that it gets support from the government, so you won’t go through much stress obtaining government approval for your glass recycling business.
4. Lease or Buy a Facility
You would need a spacious facility to be able to operate your own glass recycling company. As a matter of fact, you would need enough space for your glass waste and trucks, you need space for all you recycling equipments et al. It is important to state that you would also need a permit to before you can be allowed to use any facility for glass recycling factory – the noise that emanates from glass recycling factories is much especially during the crushing / smashing process. So ensure that you checkup with the zoning law in your choice location before leasing, buying or renting any facility.
5. Acquire the Required Glass Recycling Equipments
Part of the equipments you would need to be able to run your own glass recycling business are glass collectors, glass collector truck, crushing machines, molding machine, glass cutting machine, glass melting machine, rolling skip compactor, glass washing compartment, and glass separator et al. There are several manufacturers of these equipment, just ensure that you purchase quality equipments that will be easy to operate and maintain.
6. Create Channels for Collection of Waste Glass
The good thing about running a glass recycling business is that you can get over 80 percent of your raw material (waste glass) for free. Consequently, it is important that you create channels for collection of waste glass. You can place well labeled glass collectors at strategic places in your community where people can drop broken bottles and waste glass. All you need to do is to employ a truck driver that will go round all the spots where you have your waste glass collectors to collect the waste glass. You can as well arrange with locals to bring broken glasses (waste glass) to you and you will pay them for it.
7. Produce Products that can easily be marketed
The essence of running a glass recycling business is to use waste glass to produce usable products. So, all you need to do to make good profit from this business is to ensure that you produce products that are in high demand in your state or country. It could be electric light bulb, it could be bottles for soft drinks or other chemicals or any other products that would need less stress to market. Part of what you need to do is to negotiate with companies that make use of bottles for packaging their products – you can sign a deal to be their supplier.
There you have it; the 7 steps to follow to be able to start your own glass recycling business.
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