how to open a junk and waste recycling company
junk and waste recycling company
It’s no secret. The resources of our planet are not infinite and must be preserved. We now know only too well the problems posed by the permanent growth of our consumer society. Overexploitation of resources, pollution of various origins, Junk, and Waste of all kinds are among the great evils of our time. And we’re just starting to realize it. This is why for several years, one of the solutions brought to these problems has been to promote recycling to both individuals and professionals.
While the state performs this function directly with households by providing a collection and sorting service, businesses must carry out this task by their means. This partly explains the fact that today, apart from large organizations, few companies can perform this function, in particular, because of the cost that it can represent. However, each year, several million tonnes of waste is left to abandon instead of being reprocessed and truly recovered.
However, entering into this type of approach presents a large number of advantages for companies, including again in terms of image, in terms of optimizing their processes, and especially in financial terms. Junk recycling is a real market that is still very, if not too little, exploited. And many innovative startups are not mistaken. The opportunities in this area are legion and beg to be seized.
Do you have a great sensitivity for environmental protection issues and are you attracted to innovation? Are you fully aware of the reputational, organizational, and financial issues of Junk recycling in organizations? Do you know how to organize an efficient process to collect, sort, and develop this precious resource that is still underexploited? Convinced of the need to take such an approach, you know how to do pedagogical work to rally the most skeptics to you?
Do you have great enthusiasm every time you hear about a new technology that can help solve this type of problem? Don’t pretend anymore we know it just like you! You are the new spearhead in Junk and Waste recycling. So now that the words are out, what are you, waiting to start your own recycling business? Remove your apprehensions and set off to storm this colossal market.
Committed, imaginative, passionate about the environment, and a true jack of all trades, you already have all the qualities necessary to create your recycling business. And it’s a safe bet that you will have no trouble convincing new customers of the need for this approach. You can feel it, your idea is concrete. This is why you need to consolidate it with our Step by Step guide and our Recycling Company business plan model. Let’s take part in protecting our planet!
You’ve thought about it for a long time. You have always felt deep down that you were not meant to be a simple operator. You, what makes you vibrate is independence. It’s the ability to carry out the projects that matter to you, the way you see them. Indeed, you have your conception of recycling and how it should be conducted.
You know all the mysteries and are ready to go solo. Congratulations because it is not an easy decision to make. However, keep in mind that your approach is not that exotic. On the contrary, more and more USA people leap creation every year and do not regret their choice. You are about to enter the great sphere of entrepreneurship.
It all starts by taking a moment to define the expectations you have for your new project. Do not see it as a waste of time! Far from it. This is an essential preliminary step to ensure a good start to your project. You may be new to the great adventure of entrepreneurship. In this case, a first question must begin to emerge: “how do we do it?” “. Do you want to know how we go about trying to start a recycling business? Well, you start by determining what you want to sell; what we want to offer to the market.
You will therefore have to build your offer. And the good news is that to start this job, you already have the main elements: your skills and your professional skills. Never lose sight of this association. It constitutes a shocking duo that you should not hesitate to request. In this way, you will greatly increase your potential for success.
STEP 1: VALIDATE YOUR IDEA
One thing is certain, you are driven by your ambition and the taste for challenge. In this case, your recycling business plan should give you satisfaction. Indeed, if the creation of business represents a very rewarding process in several respects, it is also a road strewn with pitfalls.
This situation will sometimes push you to your limits and lead you to draw on all your resources to meet the challenges that will present themselves to you. One of the first pieces of advice that we can give you is to submit to a rigorous methodology to ensure a solid foundation for your project. It is capital. Otherwise, you risk quickly losing track and letting your project end early. Therefore, to avoid finding yourself in this type of situation,
- Can you find sufficient motivation to support your recycling business project to the end?
- Are you sure you can muster all the resources you need to grow your recycling business?
- Do you have the shoulders to simultaneously manage your professional and personal life?
STEP 2: DEVELOP YOUR CONCEPT
At this stage, you start to rough up your recycling business project and highlight the main elements that will carry it. To conduct this phase calmly and efficiently, you will again need a period of reflection. This is a sine qua non-condition so that your project enjoys the best environment to flourish.
Several options are therefore available to you. You can adopt a classic approach by offering your customers the opportunity to collect, sort, and recycle their Junk and waste yourself. Another option could be to offer them the rental of a machine that they would install on their premises and which would directly operate the sorting operations on site. Employees just have to put their waste in it.
Just know that there is no one-size-fits-all solution and that in all circumstances you are the only one who knows what will be relevant to your recycling business. Despite everything, there is a given that you will have to take into account at all stages of your project. It is the one relating to the experience that your customers will have when using your service. This must always be as exceptional as possible. This is the only way you will make a real difference and succeed in retaining them.
Well aware of the challenge this represents, we have developed a tool for you capable of carrying out a relevant and detailed diagnosis of your project.
Because all supports count, do not deny yourself a chance to lead your project to success. View our Junk removal or Recycling Company business plan. Thus, you will quickly see all the strengths and weaknesses of your project to provide alternative solutions if necessary.
STEP 3: CONDUCT MARKET RESEARCH
A study of what? Does it ring a bell? In this case, do not panic and learn. You will know everything. Market research is one of the cornerstones in the development of your project. With this analysis, you anticipate possible complications through a scientific approach to your market. In this case, you will focus your study on the Junk recycling and recovery market. This will make it easier for you to design the elements that will profoundly influence your business and to adapt accordingly.
Thanks to market research, you get a fresh and enlightened outlook on all possible areas to develop your recycling business. Analyzing the market in which you are located will also allow you to know the players who will evolve in your market. This will of course be your competitors but also and above all your future customers. How can they use your service? Why would he use it? Are they interested? Through market research, you will gradually be able to provide answers to all your questions. Market research is therefore an instrument that you cannot do without. Conducting it rigorously will provide you with a large amount of very qualitative and therefore strategic data.
Once your survey is complete, you should put them all in parallel to extract new data. Once this phase is completed, do not hesitate to talk to your future customers. All opportunities are good and you will certainly get additional leads to refine your strategy. You will also refine the positioning of your recycling business. At the end of the study, you will likely have the answer to several questions such as:
- Which companies are most in-demand?
- What are their practices in this area?
- Do they understand the interest of such an approach?
Based on this mass of information, you will obtain a typical portrait of the companies able to benefit from your services and will be able to build a strategy adapted to each of them:
- Which sectors are most affected?
- Do companies have a budget dedicated to this theme?
- Are they inclined to adopt the approach you are suggesting to them?
STEP 4: CHOOSE YOUR LOCATION AND YOUR WORK TOOL
At this point, you have most likely completed your market research. Your project is taking shape. The elements that you have collected confirm your idea. In short, everything is fine.
Now you will need to find a place to set up your recycling business. And setting up a business means finding premises that will allow you to do your job effectively. This is a crucial phase for your future recycling business. This is why, once again, it is necessary to adopt a certain rigor.
Remember that you will not be alone in searching for the ideal location. This is why you must now anticipate this step to be able to seize possible opportunities and not to find yourself caught off guard. However, that’s no reason to jump into the first room either. Otherwise, you would risk having to deal with a room that does not suit you. To optimize your time by establishing a list of the prerequisites for hosting your recycling business now:
- What should be the minimum area?
- Should priority be given to areas of activity?
- What is the political, economic, or social context of your location?
- How is the place served?
A good strategy to obtain relevant information on these subjects could consist of an exchange with various professionals already established. You could collect essential information.
STEP 5: WRITE YOUR BUSINESS PLAN
Getting to this level of your project is already a great step forward, so you can applaud yourself! Despite everything, you have not yet reached the end of your path. Because if you have mastered your subject at your fingertips and you are convinced of its potential for success, know that this is not all. To make your project grow, you will certainly need a partner who will provide financial support for your adventure. And that partner will be your banker.
But before you count him among your ranks, you will have to convince him. The safest way to get there? Show him numbers so that he too can see the feasibility of your project. How do you get there? You have to expose his numbers, numbers and more numbers!
To support you in this crucial step, we recommend that you download your Recycling Company business plan.
Be aware that in this matter, there is no “roughly”. Your banker wants something concrete. Then you will present the documents available with your Recycling Company business plan:
- the provisional income statement
- the provisional balance
- the financing plan
- the cash budget
Each sector of activity has its specificities. So if you consider it relevant, we encourage you to add all the elements likely to increase the economic understanding of your activity.
Once your banker has learned about your project, you can certainly be happy to have won your first partner.
To guarantee your project the best chances to perform, we have developed a Recycling Company business plan, the result of the experience acquired with many entrepreneurs like you. Our Recycling Company business plan gives you a solid tool to help you achieve success. Do you want to team up with real experts? So quickly consult your Recycling Company business plan to give your project every chance of success.
STEP 6: CHOOSE LEGAL STATUS
The selection of a legal status represents both legal and administrative concretization of your recycling business plan. It is therefore a delicate phase that still requires some knowledge. Especially since this choice will have consequences both financially and legally, for you as well as for your associates.
From the moment you have chosen the statutes most suited to your company and your activity, you will distribute the capital between you and your partners. Unless of course, you opt for the EURL. And finally, you will choose your tax and social system.
Currently, many statuses can correspond to your activity:
The micro-entrepreneur regime
It is a sole proprietorship registered in the Trades Directory or the Trade and Companies Register. This scheme allows you to benefit from a simplified social scheme; the micro-social. Liability is unlimited. This status has several advantages, in particular, that of simplicity. Indeed, tax and social contributions are only paid once the turnover has been achieved.
The SARL (limited liability company)
It is made up of at least 2 partners. The company created is a legal person. In the event of bankruptcy, only the amount of the capital of the LLC can be claimed. The creator of the company cannot have his assets seized (except in the case of a serious fault on his part). The company’s share capital is made up of contributions from the various partners. Please note, a general assembly must be organized once a year.
EURL (sole proprietorship with limited liability)
It has the same characteristics as the LLC except that it only has a single partner.
The partners are only responsible for their contributions. The manager is considered an employee and therefore enjoys the same protection. This form of company is considered to be more flexible than the SARL because its organization is completely defined by the articles of association.
STEP 7: CARRY OUT THE ADMINISTRATIVE PROCEDURES
1. Write your articles
of association Drafting of the articles of association is an important phase in the creation of your company. This legal act governs all the rules relating to the life of the company. In particular, it will define the decision-making methods, the rules of governance, and the extent of the powers of the directors.
2. Proceed with the deposit of the share capital
This step consists of the remittance of funds to a depositary body. It can be a bank, the Caisse des Dépôts et Consignations, or a notary.
This payment can take the form of a cashier’s check issued by a banking establishment domiciled in France, a bank transfer, or a cash payment.
3. Proceed with the appointment of the manager
Whether the company has only one or more managers, the information about them must appear in the M0 form.
Besides, the directors must signify their acceptance by signing the nominative deed preceded by the words “good for acceptance of the functions of” manager or chairman, for example. Besides, the identity of the first officers must appear on the notice of incorporation published in the journal des Annonces Légales. Finally, each leader will have to sign a declaration on the honor of non-conviction.
4. Contact the CFE
This body’s role is to centralize the documents in the registration application file to communicate them to other bodies such as INSEE, the Registry of the Commercial Court, the tax services, the labor inspectorate, and many others.
5. Proceed with the publication of your legal
notice This formality is a mandatory step in the constitution of a company. It must contain a certain number of mandatory information which varies according to the legal form. However, some mentions are common. So :
- Company name
- Legal form
- Amount of share capital
- Registered Address
- Social object
- Duration of the company
- Identity of leaders
- Identity of the RCS which registered the company
6. Obtain your identification numbers
As soon as your registration becomes effective, you will receive a SIREN number that identifies the company; a SIRET number that identifies each establishment of the same company; an APE code that identifies the branch of activity of the company.
7. Familiarize yourself with the regulations
Many regulations apply to the recycling industry. Thus, you will likely be related in particular to the Notre law, the energy transition law, the junk removal plan, the Environmental Code, or regional plans.