“How to draft a recycling business plan? Is recycling business sustainable and profitable?”
by Bruce Wade on 09/07/10 at 11:55 am
1 comment
This question came to us at Ideate and we thought it worthy of a response. Not because it is a hot topic or the next best thing, but because it is typical of the many questions and queries we get: how do we start a business, and is it profitable?
We all have great ideas and new concepts flow through our minds each day, but turning them into reality becomes the secret to success. It all boils down to feasibility, a topic we have covered before.
We all want to be bigger than Google and more popular than Facebook but unless your idea is wanted and needed in the market and there is a gap in this market your business will never get off the ground. Another mistake people make is to build a business around a single idea or product. Your product must be built on a solid business model that is scalable.
Working with business principles we can address any sector or industry and to get back to the question of recycling; develop a business plan like any other, do the leg work, walk the road, do the research and build a business plan. I can assist you with this if you wish.
In my opinion, I think recycling is one of the hot topics for the future of our economy. People do not realize it yet but this sector could become a critical part of our supply chain methodology. Just watch Wall-E to see a good example. The secret to this industry is to find the profitable golden thread in the whole deal.
HangerMan found it; collecting hangers, washing them and selling them back to the people who he collected them from: Brilliant. The local scrap glass collector failed to find it, so did the cardboard and paper industry. This ended up being run by City Council. Look for the golden thread to turn junk into treasure. Old tyres into Astroturf. Containers into hospitals and schools. Paper into school books. Glass into jewelry. Plastic milk bottles filled with sand into bricks to build shacks. Find it and build a business.
Bruce Wade is a survivor of the corporate and NGO world, author, speaker, business owner and entrepreneur, Bruce now runs the Entrepreneur Incubator; a member based organisation dedicated to serving those in the trenches of business through coaching, mentoring and leadership education. View more articles by Bruce Wade.
Tags: business, business plan, green business ideas, green entrepreneur, recycling
Michelle
Jul 12th, 2010
A new workshop: The Golden Thread?