The recycling industry 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.
Most people think a recycling business is all about collecting soda cans, bottles and old paper, but in fact, most profitable recycling businesses concentrate on other items and materials, such as the gold found in computers and cell phones, used tyres, or re-selling household goods.
The current growing population and economy, results in increased volumes of waste generated. This puts pressure on waste management facilities, which are already in short supply and cannot handle the demand for service provision. Inadequate waste services lead to unpleasant living conditions and a polluted, unhealthy environment.
Recycling Business Ideas:
Recycling of Aluminum Cans.
Recycling of Scrap Gold.
Recyclable Waste Collection Centre.
Recycling of Construction Waste.
Electronic Waste Recycling.
Cooking Oil Filtration & Recycling.
Home Items Recycling.
The waste management sector evolves every year as South Africa makes steady steps towards a greener and more sustainable future. Opportunities for businesses and investors are constantly growing and appearing as new technologies and methods of waste management are discovered.
The recycling business is very competitive, and much of the competition is from large, established businesses. Therefore, market research is absolutely essential. You need to investigate what and how many recycling businesses already exist in your area where you will be able to sell your products and for how much etc.
The amount of money that you will need to start your recycling business will vary greatly depending on what kind of operation you planning to run. Expenses might include:
Vehicles to haul recyclable’s;
A space to store/sell recyclable’s;
Machinery to process recyclable’s;
Money to pay people for their recyclable’s;
All of the research you have done to plan your business will come together in your business plan, which is a formal document that outlines how you will develop and run your business.
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