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A Business Plan for E-Waste Recycling
In a world where resources are being depleted at an alarming rate, it’s more important than ever to find ways to recycle and reuse materials. That’s why e-waste recycling is such an important industry. Corporate electronic recycling is set to lead the industry to newer heights in the coming years.
E-Cycle electronic recycling refers to the process of reusing electronic devices and/or their components to get more value out of them, even after their life has been completed. This can include components from everything, be it a computer, laptop, cell phone, tablet, TV, batteries, and more.
However, when adopting these practices, there are a lot of elements that businesses will have to consider. This guide will provide you with all the information you need to get started with electronics recycling to help you create a dedicated business plan.
Electronic Scrap Recycling – An Overview
The e-waste industry is growing rapidly across the globe. It is estimated that 50 million metric tons of e-waste are generated each year. And, with the rapid pace of technological advancement, this number is only expected to grow.
It is important to note that without corporate electronic recycling programs, your waste may end up in a landfill. Not only will you end up losing out on potential revenue, but it is also considered socially irresponsible as it not only poses a threat to the environment but also to public health. So, what can businesses do to help address this issue?
Adopting corporate electronic recycling practices is a great place to start. Take corporate computer recycling, for instance. Not only will this help to reduce the amount of e-waste going to landfills, but it can also be a great way to cut down on corporate expenses and perhaps earn revenue upon disposal of assets.
When creating a business plan for electronic recycling in Houston, TX, here are some steps to include and considerations to make:
1. Collecting E-Waste from Corporate Offices and Other Businesses.
This is the first step to consider in your business plan. You will need to devise how e-waste collectors will go to your corporate offices and other businesses to collect e-waste. This can be done through e-waste drop-off events or pick-ups. This entire process is known as asset recycling/collection logistics and tracking.
As a business, you can also set up e-waste collection bins in your office for employees to dispose of their e-waste. Three of the most important considerations for this step include:
- Ensuring that all collected e-waste is properly sorted.
- Creating a system for tracking the e-waste collected.
- Identifying corporate partners that you can work with.
2. Sorting E-Waste by Type and Material.
The next step is to sort your e-waste by type and material. This will help to ensure that the e-waste is recycled properly. For example, certain types of e-waste, such as CRTs, need to be handled very specifically to ensure it doesn’t harm the Earth or the environment.
When furthering your corporate electronic recycling ventures, this step can be crucial to help you maintain better social responsibilities as well. You can ask electronic recycling companies, such as CompuCycle, for help in this regard.
Key considerations for this step include:
- Ensuring that all e-waste is divided, and employees are separating waste types properly. ● Finding a reliable company for disposal and data destruction .
- Identifying any e-waste that can be reused or refurbished.
- Educating employees about the importance of e-waste sorting.
3. Sending E-Waste to Certified Recycling Facilities
After the e-waste is sorted, it can be sent to certified recycling facilities. Here, the e-waste will be dismantled and recycled properly. Electronic recycling businesses specialize in this regard. Your business plan should include the policies this company needs to follow when helping you with your recycling ventures.
When creating this element of your business plan, make sure that you:
- Find certified electrizing scrap recycling facilities that can recycle the type of e-waste collected.
- Ensuring that the recycling process is done properly to avoid the release of toxins.
- Keeping track of the e-waste that is recycled.
Remember, when creating a business plan for e-waste, it is important that you identify the right corporate partners, properly sort the e-waste, and send it to certified recycling facilities.
4. Reporting The Amount of E-Waste Recycled.
After the e-waste is recycled, you should report the amount of e-waste recycled. This reporting should be done for partners, shareholders, potential investors, or the general public. Your business plan should:
- Identify corporate partners that you can report the e-waste recycled.
- Explain how often you will report the amount of e-waste recycled and why.
- Create a system for reporting the e-waste recycled and explain why you chose this system (financially and procedurally). Your electronic scrap recycling ventures should be as cost-effective as possible.
To ensure cost-effectiveness, the best explanation is done financially for investors and socially for the general public. Make sure you list the benefits of the model you chose and explain the chain of custody of your assets. CompuCycle can provide you environmental score cards to show the total amount of equipment that was diverted from landfill as well as the reduction of the carbon footprint.
5. Getting Paid for The Recycled Materials
In some cases, businesses may be able to get paid for the recycled materials. This can be done by selling the recycled materials to certified recycling facilities or by working with corporate partners. You will need to find certified recycling facilities that will buy the recycled materials.
Your corporate electronic recycling plan should also include everything from your company’s mission and vision to your marketing and financial strategy, along with the benefits that your recycling program offers.
The good news is that corporate e-waste recycling is a growing industry with plenty of potential. So, if you’re ready to get started, then now is the time to do so! Call CompuCycle today to learn more about what makes us the best electronic recycling business and how we can help you and your business plan scale!
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Home » How to draft a detailed E-waste Business Plan?
How to draft a detailed E-waste Business Plan?
Based on any model, a business must be able to meet its objectives and create profit for its owners in a limited period. When it comes to competitive and upcoming businesses, such positive growth indicators must be exhibited as soon as possible to assess the business approach and make necessary changes within time. The same is true for the e-waste business too, which is based on the recovery of usable parts from e-waste. When it comes to specific Electrical and Electronic Equipment (EEE) that has precious metals in it, the e-waste business plan must be based on strong scientific and technical expertise. Therefore, starting an e-waste business requires a detailed plan based on exhaustive market research and must target profitable core activities like metal and component recovery.
While the disposal of hazardous elements in e-waste can be left to the treatment, storage, disposal and facilities (TSDFs)operator, the rest of the activities can be managed within a single e-waste recycling facility. Electronic waste management is done according to the E-waste Management Rules , 2016. According to these rules, all those engaged in recycling e-waste must go through the registration, authorisation, and obtain (No Objection Certificates) NOCs and permits for specific activities.
The functions of the e-waste recyclers include disassembling along with recovery operations. There is no constraint on the type of operations that recyclers can permit, provided they have the requisite facilities and obtain the necessary licences. While finalising an e-waste business plan, the following factors must be kept in mind –
- Establish goals and objectives for the business.
- Finalise the specific waste which will be dealt with, its quantity and the source of procuring the waste.
- Set targets for decreasing the amount of waste sent to the landfill.
- Describe recycling/reuse methods for each material finalised in the first stage.
- Identify the market for the recovered resources and transportation, including what will be segregated for reuse or recycling and what will be sent for disposal to landfills.
- Studying standard operating procedures issued by SPCB/PCC and the CPCB for handling waste.
- Procedure for training the workforce about the protocols, safety measures and mitigation measures in case of accidents.
Stages in designing an E-waste Business Plan
Researching the e-waste management industry.
Before starting a waste management business and proceeding with drafting an e-waste business plan, the decision for the type and the extent of recycling must be zeroed upon. A less experienced or new entrepreneur should pick a niche in which he can specialise and gradually diversify. E-waste management businesses have great demand, which is bound to increase exponentially in the future. To manage the entire waste lifecycle, registered entities like Producer Responsibilities Organisation (PRO) do the collection, dismantling, recycling and disposal of hazardous waste. So if the entity has previous experience in profitably managing important stages like collection and dismantling, a wider number of facilities can be planned.
The detailed e-waste business plan can be based upon the following core activities –
Collection system –Businesses that act as drop-off points for end-of-life e-waste or provide services like take back and buyback systems or door-to-door collection will require connections with Original Equipment Manufacturers (OEMs), traders, importers, transporters, PROs, etc.
Dismantling – Dismantling is the most crucial stage in e-waste management. Thus, this business requires an elaborate e-waste business plan. A dismantler has to create robust networks with collection centres and traders for sourcing e-waste; do careful dismantling; manage and dispose of the hazardous waste in the process and collaborate with recycling entities like refurbisher and precious metal extraction facilities.
Treatment and disposal of hazardous e-waste – Non-recyclable and hazardous waste have to be disposed of as per the SOPs given by the CPCB from time to time. Moreover, proper planning regarding post-compliance for storage, treatment, co-processing and disposal of waste must also be done before deciding the niche for the business.
Planning for financial and non-financial investment for the business -Drafting the next stage in the e-waste business plan requires planning the finances needed to gather the assets like buildings, machinery, equipment and software. The waste management business is vast and consists of small and large businesses. To ease the problem, one should reflect on various elements such as budget, individual potential and scope of the business. Every niche in the e-waste industry requires different means and modes for the waste recycling process.
Conducting market research -Before stepping into the market or even making a detailed e-waste business plan, one must know how the market is going, who potential competitors are and what the pricing is. Compiling this information and then comparing it with your costs will give you an approximate idea of the revenue that you would be generating. If the competition in a specific niche is tough , one must consider tweaking the course of business. Closely observe different e-waste management activities and focus on a business that you find interesting.
Obtaining licences and permits for the recycling activity, you want to manage
An e-waste recycling facility is by itself an industrial operation requiring clearances from various authorities for the establishment and operations of the units. Some licences must be obtained before starting the operation. Therefore, having an e-waste business plan and execution of this stage is of utmost importance for the establishment’s overall setup and smooth functioning. The licences and documents needed in this regard are –
Registration of the unit: Any e-waste business must obtain a registration certificate to establish its legal identity in the eyes of the law. The owner can apply for registration of the business fromDigital India Corporation (DIC) or any agency with authority to do so.
Obtaining Consent to Establish: Next in formulating an e-waste business plan is the Pollution Under Control (PUC) certificate (CTE and CTO). The unit must initially approach the SPCB for the Consent to Establish (CTE) certificate, also called No Objection Certificate (NOC), in many cases before establishing the e-waste management unit. CTE is issued to e-waste management facilities under the Water Act of 1974 and the Air Act of 1981. The applicant must submit documents like –
- Duly filled application form of concerned SPCB
- Signed undertaking
- Site or layout plan along with the roadmap
- Detailed project report
- Layout plan
- Details of the manufacturing process including a list of machinery, the capital cost of the unit (land, building, and plant machinery), water balance, source of water, and the quantity required
- Land documents such as rent /lease agreement
- Industry registration documents
- Any other document given in the application form
Obtaining Consent to Operate (CTO): The concerned SPCB/PCC issues CTO to e-waste management facilities after an inspection of their facilities by the site inspection authorities. Documents required for this NOC include –
- Duly filled application
- Copy of CTE issued
- Consent application fee
- Gross capital investment certificate
- Land-ownership documents (rent/lease agreement, porcha, etc.)
- Site plan with road map/route map project
- List of machines, raw materials and process flowchart
- Test reports for emission/effluent from the facility (done within the last year)
Note : Consolidated Consent and Authorisation or CCA is a consolidated consent NOC issued after CTEto starts the unit and authorises the activity at the same time (for example, dismantling of e-waste) are provided simultaneously after the applicant fulfils various terms and conditions of discharge standards and clears the site inspection stage.
Authorisation process by SPCB: Authorisation for e-waste facilities is mandatory to ensure the proper waste management generated in the process. Refurbishing, recycling, repairing and dismantling units often involve handling hazardous waste. Therefore, the CPCB regulates these activities by issuing authorisation for these activities. The application process for authorisation can be challenging. Thus, proper guidance and assistance are needed in this field. This, in return, can aid in making ane-waste business plan easier. The following documents are needed to obtain authorisation –
- Duly filled application form
- Consent to Establish granted by the SPCB
- Registration Certificate issued by District Industries Centre
- Proof of installed capacity and machinery issued by the District Industries Centre
- Process flow chart for E-waste management
- Proof of air pollution control devices
- Details of effluent treatment mechanism
- Registration with authorised treatment, storage and disposal operator
- Authority letter/power of attorney
- Details of arrangements installed for recycling e-waste and managing hazardous waste
- Copy of allotment letter
Additional Licences and Permits : A few permits will be required in addition to the ones mentioned above, depending on the nature and requirements of the business. These include –
- Factories licence
- BIS certification
- UdhyamAadhaar
- Hazardous Waste Management authorisation
When your e-waste business is up and running, it is vital to abide by the post-compliance and updated guidelines of all concerned Pollution Control Boards [1] . Whether you start a small or big business, a detailed business plan always helps. The same goes true in the case of an e-waste business plan. Planning is needed for starting and managing the business. No defined format guarantees smooth inception, running and growth of your business. Proactive steps like analysing the merits and demerits of a business based on the services it offers, the location of the business, return on investments, etc., are essential factors.
Read our Article : How to Set Up Refurbished Mobile E-waste Management Business?
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- Business Plan For Recycling E Waste
- business electronic recycling
You, as a business owner, want to make your company as sustainable as possible. Your team and you have always placed corporate sustainability as a priority. Why not make a business plan for recycling e waste a major corporate solution?
It’s easy; Instead of throwing old office electronics in the dumpster, recycle them and help the environment while protecting your company’s data with a business plan for recycling e waste!
This article will teach you
- What is an e waste Recycling Program ?
- Recyclable electronics : What electronics?
- The basic criteria for an electronic recycling plan
- How to dispose of electronics
- How to secure your data
- How to reap the recycling benefits
Are you ready to do your bit to save the planet and protect your company’s assets? Let’s dig in.
What Is A Business Plan For Recycling E Waste
An e waste recycle plan is a program or type of sustainability initiative that collects old electronics from the company and disposes of them through an electronics recycling company . It’s not difficult to see that recycling electronics helps in environmental protection.
Electronics consumption has exploded over the past decade. With more devices comes more discarded items , also known under e waste. Experts predict 74.9 million tons of electronic garbage production by 2030.
E Waste can pose serious health risks to us and the environment if it is not disposed of. It is important that all businesses, large and small, install strong recycling programs to help protect the environment from negative effects of e waste.
There Are Many Benefits To Recycling Your Waste
Businesses are becoming more dependent on electronic devices to do their jobs. It is our responsibility to make sure that these items don’t leak chemicals into the environment.
This is where e waste recycling steps in. If your company takes the necessary steps, you can reap the many benefits of recycling waste.
- Environmental preservation
- Protection of human, animal, and plant health
- Security of private and personal data
You heard it right! Certified e waste recyclers will recycle your electronics. They will wipe your devices clean so that no one can steal your data.
It sounds like a great deal, doesn’t it? How can you create an e waste business plan to recycle e waste as part of your corporate waste solutions?
Grab your pen and paper. It’s time for some notes. This section will teach you everything you need to know to make a sustainable e waste recycling plan for your company.
It is important to understand exactly which electronics we can recycle.
1. Find Out: What Electronics Are Recyclable?
Businesses are beginning to replace old office electronics with new as technology advances every year. You can recycle old devices in your company if they are not used anymore.
These are common office electronics you can recycle
- Audio-video equipment
- Circuit boards
- Peripherals
- Telephone equipment
- DVD players
You can always call your local electronics recycling center to find out if you have any questions about the device.
2. The Basic Criteria of Your E Waste Recycling Program
You now know which electronics to recycle.
Start by taking inventory of the electronics that you have around your company. What number of retired devices does your company have? What is the size of your equipment? Are there a few or a lot of electronic devices?
Next, consider these important questions:
- Are you a business owner of many businesses in the same city, state, or country?
- If yes, then who will you appoint as the person in charge of this initiative so that all locations adopt it?
- How often will you collect electronics for recycling? Quarterly? Every 5 years?
- You don’t want to throw away your electronics.
- Are you looking for an e waste disposal company that can pick up heavy electronic items?
- Are you and your team open to this new initiative?
We now move on to the next point…
To generate new ideas and to get employees on board, schedule a team meeting. It is easier to put in place new protocols and maintain them if your team has input.
These questions will help you organize your thoughts and create a customized game plan for your business.
3. Learn How To Dispose Of E waste
Once you have completed your master plan, it is important to understand how to dispose of your electronic waste. You need to collect your electronics and send them off to an established electronics recycling business.
After you give your electronics to the facility, staff will go through a series of steps to disassemble them. We sort the scrap metal from your electronics out and recycle during this process. We remove any rare earth minerals or elements that are possible to salvage and reuse before recycling.
Because these elements and minerals are often toxic, this is an essential step in the e waste removal process. These elements and minerals can be dangerous if not disposed of.
4. Data Protection
Partnering with an electronics recycler will ensure that all your assets and data are completely deleted. We will destroy your data, whether it is DOD-level wiping or physical destruction.
To provide proof of the destruction of your device, the company can issue a Certificate to Destruction upon request. This is vital because identity theft is impossible with complete data destruction .
5. Select The Right ITAD And Electronics Recycling Company
The right recycling facility will also have several sustainability certificates to ensure that you recycle your electronics.
The recycler you choose must also be IT Asset Disposition (ITAD certified) and provide excellent data protection services. This will ensure that you are able to trust them to completely delete your personal information.
Include eCycle Florida In Your Recycling Plan
Congratulations! Now you have a business plan for recycling e waste that you can incorporate into your corporate electronics disposal and recycling strategies.
eCycle Florida is an R2 Certified electronics recycling company in the state of Florida. Our processes and procedures are dedicated to the proper destruction and recycling of your electronics. eCycle Florida is your go-to when looking for an electronic recycling center in Florida. Check out the services in the multitude of industries that we offer:
- Commercial electronic recycling
- Data destruction
- Electronic Recycling
We are happy to service areas all throughout Florida including:
- The Tampa Bay area
- Jacksonville
- Duval county
- Fort Lauderdale
Contact eCycle Today to get more information on business plan for recycling e waste and check out our 5-star reviews !
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Home » Business ideas » Green & Eco-friendly » Waste Recycling
How to Write an e-Waste Recycling Business Plan [Sample Template]
Are you about starting an e-waste recycling business? If YES, here is a complete sample e-waste recycling business plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting an e-waste recycling business. We also took it further by analyzing and drafting a sample e-waste recycling marketing plan template backed up by actionable guerrilla marketing ideas for e-waste recycling businesses. So let’s proceed to the business planning section.
Why Start an e-Waste Recycling Business?
If there is any industry or line of business that is gaining support from key stake holders in our world today, it is the recycling industry. This is so simply because the recycling business is an eco-friendly business that can earn you a living and make you a business owner and an employer of labor.
There are diverse niches – areas of specializations in the recycling industry and one of them that you can specialize on is to go into e- Waste Recycling business. It is a business that is highly profitable especially as electronic – technology continues to advance over the years.
All you would need to launch an e – waste recycling business is the machines and equipment needed and how to operate them, a good knowledge of where to collect e – wastes and where to sell them, the legislations guiding the industry as well as strong entrepreneurial skills and perseverance.
If you are interested in starting an e – waste recycling company, then you should be ready to conduct due diligence before committing your money and other resources to it. Aside from a thorough and detailed feasibility studies and market survey, one of the important documents that will aid the success of the business is a good and workable business plan.
Below is a sample e – waste recycling company business plant template that can help you successfully write your own business plan without difficulty;
A Sample E-Waste Recycling Business Plan Template
1. industry overview.
The recycling industry of which electronic waste recycling is a part of 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. In the world today, it is estimated that over 1 trillion tons of waste at the household level and in industries is generated.
Common materials for recycling include bottles, paper towels and aluminum cans et al and the niches available in the recycling industry are metals recycling, plastics recycling, electronic recycling, water recycling, oil recycling, glass recycling, furniture recycling , garbage recycling, tire recycling, construction waste recycling, paper recycling, battery recycling, cartridge recycling and industrial waste recycling.
E-waste which is also known as electronic waste are basically electronic products that are faulty, condemned or have become obsolete and can no longer be used. E – Waste includes used computers, televisions, radios, tablets, mobile phones, and several other used electronic products. Such materials are better reused when they are recycled as against allowing them to be buried under the earth.
Players in the e – Waste Recycling industry basically collect, separate, sort and process electronic waste materials. E – Waste Recycling companies make money/profits basically sell reusable parts and valuable metals and other materials recovered during the recycling process.
Some environmental experts further say that the world market for waste, from collection to recycling is worth around 300 billion Euros (US $410 billion). The recycling business is therefore a growing business that has futuristic benefits; there are markets in the developing world that can be tapped into especially in Africa, Asia and Latin America.
The e – Waste Recycling industry is indeed a very thriving industry in most countries of the world. It is a major sector of the economy of the united states and it generates a whooping sum of well over billion annually from more than 2,723 registered and licensed freight e – Waste Recycling companies scattered all around the United States of America.
The industry is responsible for the employment of well over 35,494 people. Experts project that the e – Waste Recycling industry to grow at a 13.4 percent annual rate. There is no establishment in this industry that has a dominant market share in the United States.
According to research published by IBISWORLD, the e – Waste Recycling industry has a low level of market share concentration, with the industry’s four largest companies expected to account for a low share of industry revenue. Small companies that manage only one or two facilities at a local or regional level carry out most electronics recycling.
These companies are either contracted out by municipal governments to carry out the electronics recycling needs of a certain jurisdiction, or are paid by electronics manufacturers and retailers, who are required by certain state laws to pay for the proper disposal of the electronics that they manufacture or sell.
The e – Waste Recycling industry has come to stay and the good part of it is that it enjoys the support of environmentalist and the government of various nations since it is a means to preserve the earth from degradation, greenhouse gas emissions and environmental pollution.
Although establishing your own e – Waste Recycling Company requires huge startup capital and rigorous processes to build your own plant, but it is a fact that it is indeed a profitable venture. The market for recycled electronic waste is large and can accommodate loads of investors.
2. Executive Summary
Bobby Jay e – Waste Recycling®, LLC is a U.S based, licensed and standard recycling company with strong bias for electronic waste recycling. We have been able to secure a standard and well – positioned facility in the outskirt of town in Providence, Rhode Island; a facility that is well positioned and highly suitable for the kind of e – waste recycling plant that we want to build.
We are in the e – Waste recycling industry to contribute our quota in saving the earth and also to compete in the highly competitive recycling industry not only in Providence – Rhode Island, but also throughout the United States market.
Bobby Jay e – Waste Recycling®, LLC will initially be involved in the recycling of electronic waste materials but will in the nearest future engage in the recycling of other materials. Our business goal is to become one of the leading recycling companies in the United States of America and we will make sure that we do all we can to compete favorably with leaders in the industry.
Our workers are going to be selected from a pool of certified and highly experienced recycling engineers and technicians in and around Providence – Rhode Island and also from any part of the United States of America as the business grows.
We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading e – Waste recycling plants in the United States and throughout the globe.
At Bobby Jay e – Waste Recycling®, LLC our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.
Bobby Jay e – Waste Recycling®, LLC is founded by Engr. Robert Jason a recycling engineer per excellence who graduated with from Illinois Institute of Technology (B.Engr.) and his friend and business partner for many years Tyler James (B.Sc. Business Management).
They have a combine experience that can help them build Bobby Jay e – Waste Recycling®, LLC to favorably compete with other leading recycling plants in the United States of America and throughout the globe.
3. Our Products and Services
Bobby Jay e – Waste Recycling®, LLC was established with the aim of maximizing profits in the e – Waste recycling industry. We want to compete favorably with the leading e – Waste recycling plants in the United States which is why we have but in place a competent quality assurance team that will ensure that every recycled electronic material or products that leaves our recycling plant meet and even surpass our customers’ expectations and meet with best practices in the industry.
We will work hard to ensure that the products and brand of Bobby Jay e – Waste Recycling®, LLC is not just accepted in Providence – Rhode Island but also in other cities in the United States of America. Our products and services are listed below;
- Operating facilities for separating and sorting computers for recycling
- Operating facilities for separating and sorting hard-copy devices for recycling
- Operating facilities for separating and sorting TVs for recycling
- Operating facilities for separating and sorting mobile devices for recycling
- Sale of recycled and refurbished used computers, televisions, radios, tablets, mobile phones, and several used electronic products.
4. Our Mission and Vision Statement
- Our vision is to establish a standard and world class e – Waste recycle plant whose products and brand will not only be accepted in Providence – Rhode Island but also in other cities in the United States of America.
- Our mission is to provide standard recycled electronic materials that will assist the relevant industries in saving cost and energy and also to contribute our quota in helping save our world from unnecessary degradation caused by buried electronic material waste. We want to build an e – Waste recycling plant that can favorably compete with other leading brands in the recycling industry.
Our Business Structure
Bobby Jay e – Waste Recycling®, LLC is an e – Waste recycling company that intend starting small in Providence – Rhode Island, serving smaller industries within our locations, but hope to grow big in order to compete favorably with leading e – Waste recycling plants in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
At Bobby Jay e – Waste Recycling®, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer
- Head, Technical Services
- Human Resources and Admin Manager
- Sales and Marketing Executive
- Plant Engineers/Technicians and Operators
Client Service Executive
Truck Drivers
5. Job Roles and Responsibilities
Chief Executive Officer – CEO:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
Head, Technical Services:
- Serves as project manager of the organization; works directly with employees in the e – Waste recycling plant
- Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
- Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
- Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
- Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
- Maintains quality service by establishing and enforcing organization standards.
- Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
- Makes certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and recycling plant engineers, technicians and machine operators
- Ensures that the organization work in line with international best practices as it relates to e – Waste Recycling industry.
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Designs job descriptions with KPI to drive performance management for clients
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defines job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Oversees the smooth running of the daily office activities.
Sales and Marketing Manager
- Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Models demographic information and analyze the volumes of transactional data generated by customer
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
- Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
- Responsible for handling business research, market surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, execute and evaluates new plans for expanding increase sales
- Creates new markets cum businesses for the organization
- Empowers and motivates the sales team to meet and surpass agreed targets
Accountant/Cashier:
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for Bobby Jay e – Waste Recycling®, LLC
- Serves as internal auditor for Bobby Jay e – Waste Recycling®, LLC
Recycling Plant Engineers (2) and Technicians/Machine Operators (8)
- Responsible for installing, maintaining and repairing of all the recycling machines in the plant
- Responsible for operating recycling machines in the plant
- Operates facilities for separating and sorting computers for recycling
- Operates facilities for separating and sorting hard-copy devices for recycling
- Operates facilities for separating and sorting TVs for recycling
- Operates facilities for separating and sorting mobile devices for recycling
- Handles any other job functions as it relates to recycling materials.
- Assists in loading and unloading electronic waste materials and recycled materials.
- Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
- Keeps a record of vehicle inspections and make sure the truck is equipped with safety equipment, such as hazardous material placards.
- Assists the transport and logistics manager in planning their route according to a pick – up and delivery schedule.
- Inspects vehicles for mechanical items and safety issues and perform preventative maintenance
- Complies with hazardous waste truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
- Collects and verifies delivery instructions
- Reports defects, accidents or violations
- Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
6. SWOT Analysis
Bobby Jay e – Waste Recycling®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured e – Waste recycling business that can favorably compete in the highly competitive recycling industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Bobby Jay e – Waste Recycling®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Bobby Jay e – Waste Recycling®, LLC;
Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experience recycling engineers and technicians/machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.
Aside from the synergy that exists in our carefully selected workforce, our product will be guided by best practices in the industry and our e – waste recycling plant is built to fit into the design of a 21 st century recycling plant.
As a new e – waste recycling plant in Providence – Rhode Island, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients (big time manufacturing / production companies that make use of recycled electronic materials) in the already saturated and highly competitive recycling industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.
- Opportunities:
No doubt, the opportunities in the e – waste recycling industry is massive considering the number of individuals and manufacturing companies who are now switching over to alternative source of raw materials basically to save cost and energy. As an e – waste recycling company, we are ready to take advantage of any opportunity that is available in the industry.
Aside from unfavorable government policies, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of new recycling plants in same location where our target market exists and who may want to adopt same Business model like us.
7. MARKET ANALYSIS
- Market Trends
One obvious trend in the e – Waste Recycling industry is that players in this industry leverage on saving the earth and balancing the ecosystem to promote their business. As a matter of fact, governments all over the world and even international Non – Government Organizations are in the forefront when it comes to campaigning in favor of recycling materials to generate raw materials for industries as against tapping virgin raw materials. This is so because it will help save cost and energy and the earth that we live in will be the better for it.
Another trend is that is common in the e – waste recycling industry is that, with the advancement of technology, it is now easier to recycle and process almost any materials and liquid waste that exist in our world. This trend and the immerse support from government and NGOs is sure responsible for encouraging investors to venture into the e – waste recycling industry
In spite of obvious recessionary challenges and in the wake of a consumer preference shift toward green products and growth in environmental regulations that encourage recycling of electronic waste. The e – waste recycling industry is expected to experience healthy growth going forward as purchases of electronics drive demand for the recycling of obsolete products and regulation for the industry increases.
Lastly, more and more manufacturing industries are beginning to see the benefits of going for recycling materials as against going for virgin raw materials in the production of their products. This is the reason why the industry is expanding and becoming more profitable and viable.
8. Our Target Market
Prior to starting our e – waste recycling business in Providence – Rhode Island, we conducted a market survey and feasibility studies and we are certain that there is a wide range of manufacturing/production factories that cannot successfully run their businesses without sourcing for recycled electronic materials from us.
In view of that, we have created strategies that will enable us reach out to various manufacturing/production companies who we know can’t afford to do without our products/recycled raw materials. Below is a list of the people and organizations that we have specifically market our products and services to;
- Electronics manufacturing companies
- Automobile manufacturing companies
- Roofing and construction companies
- Chemical manufacturing companies
- Manufacturers and Distributors
- Entrepreneurs and Start – Ups who would need recycled raw materials from us.
Our Competitive Advantage
The recycling industry is an emerging market that is yet to be fully accepted globally, therefore there is little or no competition in the industry at the moment. Although, there is a relationship between the emerging players as they cannot do without the other. Since the industry is a multi-stage one, there is need for collaboration among the players in order to have a win-win situation for all the players.
Without a shadow of doubt, there are loads of big time investors that have a stake in the e – waste recycling industry; but one thing is certain, there is room big enough to accommodate all players. So, if you enter the industry today, you should brace up yourself for collaboration and prepare for serious competition in the nearest future as soon as the recycling industry enter it boom period, this period will definitely arrive especially in the developing world in little time when recycled product is seen in the same light as the new and “virgin” materials.
Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience recycling engineers and technicians/machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.
Lastly, all our employees will be well taken care of, and their welfare package will be amongst the best within our category (startups e – waste recycling companies in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Bobby Jay e – Waste Recycling®, LLC is established with the aim of maximizing profits in the e – waste recycling industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Bobby Jay e – Waste Recycling®, LLC will generate income by selling and supplying the following products;
- Supply of well – sorted electronic materials to manufacturing/production factories
10. Sales Forecast
One thing is certain, there would always be manufacturing/production companies who cannot but source their raw materials from electronic waste recycling plants.
We are well positioned to take on the e – waste recycling industry and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six month of operations and grow our e – waste recycling company to enviable heights.
We have been able to critically examine the e – waste recycling market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Providence – Rhode Island.
Below are the sales projections for Bobby Jay e – Waste Recycling®, LLC, it is based on the location of our business and of course the wide range of our products and target market;
- First Fiscal Year-: $240,000
- Second Fiscal Year-: $550,000
- Third Fiscal Year-: $900,000
N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor within same location where our e – waste recycling plant is located or where our target market exist. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
We are mindful of the fact that there are stiffer competitions in the e – waste recycling industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in the e – waste recycling industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Bobby Jay e – Waste Recycling®, LLC.
Our corporate goal is to grow Bobby Jay e – Waste Recycling®, LLC to become one of the top 10 e – waste recycling brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Providence – Rhode Island but also in other cities in the United States of America.
Bobby Jay e – Waste Recycling®, LLC is set to make use of the following marketing and sales strategies to attract clients;
- Introduces our e – waste recycling company by sending introductory letters alongside our brochure to manufacturing/production companies and other key stake holders in the manufacturing industry.
- Advertises our business in relevant business magazines, newspapers, TV stations, and radio station.
- List our business on yellow pages ads (local directories)
- Attends relevant international and local expos, seminars, and business fairs et al
- Creates different packages for different category of clients in order to work with their budgets and still deliver good recycled electronic materials
- Leverage on the internet to promote our business
- Engages direct marketing approach
- Joins local chambers of commerce and industries with the aim of marketing our products
- Encourage word of mouth marketing from loyal and satisfied clients
11. Publicity and Advertising Strategy
We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for manufacturing/production companies in the whole of Providence – Rhode Island and beyond which is why we have made provisions for effective publicity and advertisement of our e – waste recycling company.
Below are the platforms we intend to leverage on to promote and advertise Bobby Jay e – Waste Recycling®, LLC;
- Place adverts on both print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community based events/programs
- Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our products
- Install our Bill Boards on strategic industrial locations all around Providence – Rhode Island
- Engage in road show from time to time in targeted industrial estates
- Distribute our fliers and handbills in target areas
- Contact manufacturing/production companies by calling them up and informing them of Bobby Jay e – Waste Recycling®, LLC and the products we offer
- List our e – Waste Recycling Company in local directories/yellow pages
- Advertise our e – Waste Recycling Company in our official website and employ strategies that will help us pull traffic to the site.
- Ensure that all our staff members wear our branded shirts and all our vehicles/trucks are well branded with our company logo et al.
12. Our Pricing Strategy
At Bobby Jay e – Waste Recycling®, LLC we will keep the prices of our recycled electronic materials below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.
We are aware that there are some one – off jobs or government contracts that are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
- Payment Options
The payment policy adopted by Bobby Jay e – Waste Recycling®, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Bobby Jay e – Waste Recycling®, LLC will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via online bank transfer
- Payment via mobile money
- Payment via Point of Sales Machines (POS Machines)
- Payment via check
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the purchase of our recycled products.
13. Startup Expenditure (Budget)
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a standard e – waste recycling plant; it might differ in other countries due to the value of their money.
However, this is what it would cost us to set up Bobby Jay e – Waste Recycling®, LLC in the United of America;
- Business incorporating fees in the United States of America will cost – $750.
- The budget for Liability insurance, permits and license will cost – $3,500
- Acquiring facility that will accommodate the design of e – waste recycling plant we want to build will cost – $150,000.
- The amount required to purchase the needed recycling equipment and machines – $120,000
- Equipping the office (computers, printers, projectors, markers, servers/internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
- Amount required to purchase the needed software applications to run our business – $3,500
- The cost for start-up inventory (purchase of used computers, televisions, radios, tablets, mobile phones, and several other used electronic products) – $5,000
- Launching an official Website will cost – $500
- Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
- Amount needed to acquire trucks – $50,000
- Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000
Going by the report from the market research and feasibility studies conducted, we will need about four hundred and fifty thousand ( 450,000 ) U.S. dollars to successfully set – up a medium scale but standard e – waste recycling plant in the United States of America.
Generating Funds/Startup Capital for Bobby Jay e – Waste Recycling®, LLC
Bobby Jay e – Waste Recycling®, LLC is a business that will be owned and managed by Engr. Robert Jason and his friend and business partner for many years Tyler James. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
- Generate part of the start – up capital from personal savings and sale of his stocks
- Generate part of the start – up capital from friends and other extended family members
- Generate a larger chunk of the startup capital from the bank (loan facility).
N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000 ) and we are at the final stages of obtaining a loan facility of $350,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Bobby Jay e – Waste Recycling®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to sell our recycled and refurbished materials a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Bobby Jay e – Waste Recycling®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Securing a standard facility to build a standard and modern recycling plant: Completed
- Application for business license and permit: Completed
- Purchase of All form of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Generating part of the start – up capital from the founders: Completed
- writing of business plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of Logo for the business: Completed
- Purchase of repair and installation tools and equipment: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the needed recycling machines, equipment and trucks: In Progress
- Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
- Creating Official Website for the business: In Progress
- Creating Awareness for the business: In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with vendors and key players in various industries and pick – up point for e – Waste: In Progress
More on Green & Eco-friendly
How To Start An E-waste Recycling Business? [Investment, Steps, Tips & More]
In the past ten years, the IT sector has been experiencing unprecedented growth worldwide. This tremendous growth has been fuelled by increased electronic penetration into everyday products and increased acceptance of electronics goods by people. The growth in consumer demand has also led to increased investments in product innovation, which have resulted in a shorter product life cycle. As a result, a massive amount of electronic waste was produced in the last few years.
E-waste is now one of the most prominent waste sources across the world. There is no doubt that e-waste also poses a major environmental threat. However, it gives entrepreneurs who are willing to take the risk an excellent opportunity to have their own e-waste recycling business. India is one of the largest e-waste producers, which creates a major business opportunity for the e- waste management business .
This article gives a quick rundown of the e-waste recycling business's requirements.
E-waste Recycling Business - Potential
The demand for e-waste is growing in conjunction with the growing requirement for upgrading to new technologies. The desire to introduce advanced technology means that millions of tonnes of e-waste are produced in different areas of the globe. In particular, mobile devices, TVs, and electronic equipment are growing worldwide rapidly.
Thanks to increased purchasing power and increasing disposable income, the sales of those electronic devices are increasing steadily. As a result of new product releases, customers are now encouraged to replace their old products with new offerings and updated features. This has shortened the lifetime of these devices to some years. This results in a rapid increase in the amount of e-waste produced. The ongoing sale of electronic equipment in the coming years would generate a profitable economic environment for the e-waste recycling business model.
E-waste Recycling Business - Licenses & Permissions
A diverse range of government permissions and licenses is needed to start an e-waste recycling business. The basic specifications, however, remain the same across states. Check out some of the most common steps you need to follow for your e-waste recycling business:
- Register at the Udyog Aadhaar MSME status to begin your e-waste recycling business. You'll be able to do that online.
- Go to the State PCB and ask for permission to start an e-waste business. To apply for approval from the PCB, you need to submit several statutory documents.
- You will need the necessary approval from the Ministry of the Environment if you wish to import e-scraps as part of your e-waste recycling business plan. You will also be given an extensive protocol by the Central Excise and Customs Board.
E-waste Recycling Business - Investment
There is a lot of money to be made in the e-waste recycling industry in India. A proper and well-defined plan can make the e-waste recycling business model profitable in no time. However, significant capital investment is needed to start an e-waste recycling company. To begin with, you need to invest money to get licenses. You'll also need a dump yard and a place to run your company.
The processing activity necessitates the use of various instruments and equipment. You'll need to recruit trained and experienced personnel. Finally, you must take care of the day-to-day operation, publicity, and other expenses. You can use the efficient application OkCredit to manage your daily transaction properly. This also aids in maintaining a proper ledger.
E-waste Recycling Business - Business Model
To achieve success in this venture, the development of the right e-waste recycling business plan is crucial. The total activity can be divided into several phases in terms of the process. This includes gathering devices, processing scrap, and receiving payment in return for the components.
It is critical to decide the operational areas of your e-waste recycling business based on your investment potential. You will need to rely on scrap collectors if you don't want to pick up devices from the public. On the other hand, collecting scrap from consumers guarantees a higher profit margin and increased brand recognition of your e-waste business.
E-waste Recycling Business - Importance
Electronic waste comprises a great degree of precious metals. And after the waste has been recovered, we can use those metals. Electronic waste recycling aids for effective waste management. Old electronic equipment may contain dangerous contaminants such as plum, arsenic, cadmium, and chromium.
This damages the climate as well. Consequently, it is important to have proper e-waste management. E-waste now represents over 70% of all environmental emissions. One of the most critical ways to lower emissions in the world is through e-waste disposal.
Step-by-Step Guide For Setting Up An E-Waste Recycling Business
Check below the ten essential steps to follow before starting your e-waste recycling business:
1. Learn more about the e-waste recycling industry by conducting research
The e-waste recycling plant business plan is complicated and capital-intensive. It is essential to have a thorough understanding of both electronics and the recycling industry. Prepare a market analysis before you begin. You must recognise products that are being discarded and dumped in toxic landfills in your area. It will assist you in determining which electronic products should be recycled.
Also, see the online market after you decide to start an e-waste management business. Check out the websites of well-known e-waste recycling companies to learn more about their e-waste business model.
2. Determine which electronic wastes should be recycled
It is critical to choose a list of services that you can provide as an e-waste recycling business. The items chosen will be primarily determined by what is available from local consumer electronics suppliers and wholesalers. The established e-waste recycling management companies normally work in different fields like data destruction, e-waste collection, reconstruction and re-sale of old electronic items, and de-fabrication and distribution of unused electronic components.
3. Put together a business plan
Depending on the economic research report, it's time to develop an e-waste recycling business plan. This strategic plan is crucial to its long-term survival because it serves as a road map for its potential operations. You should include Initial and ongoing costs, a list of the companies from which you will collect electronic waste, your production capacity, and pricing strategy in your business plan:
4. Obtain the Necessary Licenses and Permits
Check with the relevant authorities to see what kind of permits you'll need to run an e-waste recycling business. Inquire with your city's public welfare department about waste disposal and planning standards for your e-waste cycling business.
5. Setup your business
Choose a spot for your e-waste recycling business to open. It is best to start your e-waste recycling business from a place outside of the city. To obtain a PCB license, you must have no objections from your neighbours before beginning work. Make a floor plan that includes locations for scrap storage, a distribution dock, an office, and a separate room for hazardous products.
Before beginning the operation, make sure you have all of the appropriate equipment. You'll need a conveyer belt, a cathode ray tube (CRT), a measuring machine, and vehicles. You can purchase it directly or start with a contract. Hire people who are well-versed in their jobs and have a lot of experience. You may have to pay for special training for special equipment or supplies if necessary.
6. Safety Measures for E-Waste Recycling
Toxic heavy metals are found in heavy quantities in e-waste, such as laptops, scanners, and mobile phones. To protect the employees' wellbeing, implement strict safety measures at work.
7. Obtain recycling equipment for e-waste
The majority of e-waste comes from CRT TVs and screens. As a result, the disassembly line is crucial in the recycling process. The CRT crusher is critical in isolating the device's plastic protective cover and crushing it systematically, exposing the circuits and other internal parts for processing. Since it is the most valuable tool in the recycling process, you must be vigilant when purchasing a good-quality CRT crusher.
8. Plan out the capital investment
The setup cost of an e-waste recycling business is determined by a variety of factors. Work with a simple e-waste handling facility unit if you want to commence with much fewer financial resources.
9. Create an efficient marketing strategy
Carefully craft a marketing strategy. Without an efficient marketing strategy, no company can succeed. You must also focus on digital ads in today's digital environment.
10. Go for business management software
Finally, for a bug-free service, you'll need the right software. E-waste recycling is a meticulously detailed industry. As a result, you'll need an integrated framework to better track and manage your business.
Summing it up
The activities of the e-waste recycling business include waste collection and acquisition from different organisations, the separation of functional components and reuse of the materials used, the extraction and rehabilitation of valuable materials, metals, and plastics. The e-waste recycling industry has a bright future ahead of it. However, it will take a lot of careful preparation and implementation to make it a success.
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Q. What exactly is e-waste?
Ans. Electrical and electronic equipment thrown as garbage by the consumer or bulk consumer, as well as rejects from production, refurbishing, and repair processes, are referred to as 'e-waste.'
Q. Are there any charges associated with the MSME registration of my e-waste recycling business?
Ans. No, there are no charges associated with Udyog Aadhar MSME registration. You can simply log in to this website https://udyamregistration.gov.in/ for self-attested registration of your e-waste recycling business.
Q. Do I need authorisation for my e-waste business?
Ans. Yes, every e-waste recycling business needs to have authorisation from the pollution control board of the corresponding state or union territory.
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Business Plan
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Learning / Waste management / Importance of E-waste recycling business plan
Importance of E-waste recycling business plan
When an individual or entity decides to set up an industry to recycle e-waste, it should first develop an e-waste recycling business plan. Such a plan is crucial for the long-term survival of the recycling industry.
Page Contents
Introduction to E-waste
E-waste consists of waste of any broken or unwanted electrical or electronic appliances. Many components of such waste are considered toxic and non-biodegradable. The sources of such e-waste are IT and Telecom Products; household electrical appliances; lighting products; electrical and electronic tools; electrical toys and sports products; medical devices; monitoring instruments; etc. E-waste contains different substances and chemicals that are toxic in nature. If it is not handled properly, then it has an adverse impact on humans and the environment; thus, there is a need to have a proper e-waste recycling business plan.
Effects of E-waste on the Environment and Human
E-waste has the presence of hazardous substances that are affecting the environment and humans. The followings are considered to be its effect on the environment and humans:
Effects on Environment
The effect of the hazardous and toxic substances of e-waste on the environment are:
- Groundwater pollution
- Acidification of soil
- Air pollution [1]
- Percentage of heavy metals found in landfills.
Effects on Human
The effect of the substances of e-waste on human health are as follows:
- Kidney damage
- Damage to the blood system
- Damage to the central and the peripheral nervous system
- Affects the Brain development of children
- Chronic brain damage
- Respiratory and skin disorders
- Asthmatic bronchitis
- Damage in DNA
- Problems in reproduction and similar development
- Damage to the immune system
- Lung Cancer
- Liver and spleen damage
- Heart damage
E-waste, if left open in the environment without recycling it then it will have all these adverse effects, and so the recycling of e-waste by creating an appropriate e-waste recycling business plan is very important.
Recycling of the E-waste
The management of e-waste is very important, and the best way to manage the limitless generation of e-waste is to recycle them. Presently the technologies involved in recycling the e-waste in India are E-waste trade value chain, environmentally sound e-waste treatment technology and CRT treatment technology. The treatment options available are landfilling and incineration in regard to the recycling of the e-waste. But before starting a recycling unit for e-waste, one must have an e-waste recycling business plan prepared because the recycling of e-waste is not very well for the pocket.
The processes under recycling of e-waste constitute a collection of e-waste, then storage, sorting, dismantling, separation, recovery of material, and at the end, the segregation and disposal of hazardous material.
The e-waste recycling business plan and its importance
The moment one considers starting a recycling business, they have to make a planned list of all the requirements for starting and running an e-waste recycling business, and that is what is called an e-waste recycling business plan.
The e-waste recycling business plan is a structured plan that the individual or entity, whoever decides to set up a unit of recycling, prepares before establishing such a unit. The plan comprises each and every detail related to the recycling plant/unit, including the collection from companies, removing the hard disk, semi-processed waste, unprocessed waste, etc. It even includes the revenue and costs. It is a complete road map of how things will work in the recycling unit. It has all the incentives, policies, visions, details related to the import of e-waste, finances, safety mechanisms, healthy work environment etc.
The main components of an e-waste recycling business plan are:
- Industry overview
- Summary of executives
- The products and services of the industry
- The vision and mission of the industry
- Complete business structure
- Role and responsibilities of all the staff and other officers
- The strength, weakness, opportunity and threat analysis
- Market analysis
- The target markets
- Sales and marketing strategy
- Sales forecast
- Publicity and Advertising strategy
- The pricing strategy
- The budget and expenditure of the industry
- Sustainability and expansion strategy
- All the legalities
- other checklists
The e-waste recycling business plan helps the industry in many ways; the most common ways are by deciding when and how they should start the business, organise the ideas to start and run the business in the best way and presenting the business idea to a lending institution such as a bank to get a loan.
Conclusion
The e-waste recycling business plan is the planned structure that an individual or entity prepares before setting up an e-waste recycling plant . The business plan covers all the detailed information regarding the starting and running of the business. It has full information on all the requirements, including financial expenditure to be needed by the recycling unit or plant. The business plan is very important to starting and setting up any business. It lays out the detailed structure of how things are going to work at the time of setting up and after setting up of any business entity.
Read our Article : E-waste auction in India
Shambhavi Suyesha
Shambhavi holds a strong legal background, having completed her BA LLB and LLM. She is particularly interested in legal research and writing, and wishes to utilise her knowledge to create informative legal content. She is an analytical researcher and keeps herself updated about the current legal affairs. She also holds prior experience in publishing articles on assorted legal areas.
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How to Start a Profitable E-Waste Recycling Business
Do you want to start an e-waste recycling business? If yes, you have landed at the right place. Electronic waste is more and more posing environmental challenges throughout the world, electronic products waste a dangerously increasing volume of obsolete computers, printers, fax machines, TVs, mobiles, and other electronic devices.
Most technology owners are from the government, public, or private industry sectors and they prefer replacing an old computer with a new one, rather than upgrading it which leads to land up with huge e-waste. The Environmental Protection Agency estimates that only 15-20% of e-waste is recycled, the rest of these electronics go directly into landfills and incinerators.
By starting an e-waste recycling business one can make money out of helping the environment toxic free. The objective to start an e-waste recycling company is to create an opportunity to transfer e-waste into socially and industrially beneficial raw materials like valuable metals, plastics, glass, etc. by using simple cost-effective technology.
E-Waste Recycling Business Plan Guide for Beginners
Here are the 8 steps to start a profitable e-waste recycling company:
1. Research And Gather More Information on E-Waste Recycling Industry
The E-waste recycling business is a little complex and capital-intensive business. One needs to have good knowledge of electronics items and items as well as the recycling industry itself.
Before starting have a market study on it. You need to identify items that are being disposed of and added to local toxic landfills. It will help you in identifying the electronic items that need to be recycled.
2. Identify the Electronic Wastes to be Recycled
As an electronic e-waste recycling company, it is most essential to select a list of services that you are going to offer. The selection of items will largely depend on the products sold by the local consumer electronics manufacturers and wholesalers. Some of the popular services that existing e-waste recycling management companies are offering are the following:
- Data Destruction
- Asset Management
- Collection of e-waste from electronic companies
- Refurbishing old electronic items and resale
- De-manufacturing of unused electronic components and selling those as scrap
- Reverse Logistics
- PRO Service for EPR
3. Create a Business Plan
Based on the market research report, it is time to create an e-waste recycling business plan. This business plan is extremely critical to long-term success as it works as a roadmap for the future working activities of the company. Some of the basic aspects your business plan must address are the following:
- Startup and recurring costs
- Companies from whom you are going to collect electronic wastes
- Your Production Capacity
- Pricing Strategy
- Where you are going to sell the recycled materials
4. Get the Necessary Licenses and Permits
Check with concerned authorities what kind of licenses you need to operate an e-waste recycling business. Contact the public welfare department of your city and take inputs regarding disposal methods and zoning requirements for your e-waste cycling business.
5. E-Waste Recycling Business Set up
Select a location for your e-waste recycling business establishment. It is advisable to select a location outside the city area. To get the license from PCB you will need to have neighbors with no objections to start the works. Create a floor layout plan detecting places for scrap storage, disassembly area, delivery dock, office, and separate space for separate hazardous items.
It is important to have the entire necessary equipment ready before starting the operation. You will need to have a conveyer belt, cathode ray tube (CRT), weighing machine, and vehicles for transportation. You can purchase this or can start by having it on the lease.
Hire experienced and skilled employees who know the job rightly. If required you can arrange some special training for special equipment or materials.
Suggested Read : How to Make Money Recycling Batteries
6. E-Waste Recycling Safety Measures
E-waste, such as computers, printers, and cell phones—contain toxic heavy metals such as lead, mercury, and cadmium. Use safety measures in your work thoroughly to protect your employee’s health.
7. Procure E-Waste Recycling Equipment
CRT TVs and screens account for the largest share of e-waste. Hence, the disassembly line plays a critical role in the recycling process. CRT crusher plays a vital role in isolating the plastic protective cover from the device and systematically crushing it exposing the circuits and other internal parts for processing. You must be careful in buying a good quality CRT crusher as it is the most useful tool in the recycling process.
8. How Much Investment You Need to Start a Recycling Company
The cost of e-Waste recycling plant costs will depend on a lot of factors. If you want to start with less investment, you can set up a small-scale e-waste handling facility unit. It will cost around $16,000 including machinery. On a larger scale, the cost can go to $3.5 million.
The E-waste recycling business includes the responsibilities of the collection and procurement of waste from various organizations, getting the useable part apart, reselling and refurbishing the usable material, extracting valuable metals plastics, etc., and turning them into raw materials for further industrial use.
The business of eWaste recycling definitely has a great future. However, to make it successful, a great deal of proper planning and execution will be required.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.
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Business Plan: Collection E-waste through Mobile Apps ( Recycle Business)
In recent years due to technological development and rapid growth of economy of Bangladesh, a market has grown for mobile, computers, consumer electronic products and home appliances. This growing market results an increase in the amount of local consumer products in the market and a significant amount of electronic products needs to be disposed off after several years of use which ultimately cause a new environmental challenge. In Bangladesh, the e-waste is reused, broken down for parts or disposed off completely. The present informal practice of recycling is not carried out safely and it becomes danger to human health and the surrounding environment. Not only the people of Bangladesh are not yet concerned about the hazards of e-waste but also there is lack of awareness in the government and private organizations. According to Bangladesh Electronic Machinery Marketing Association (BEMMA), Bangladesh consumes around 3.2 million tones of electronic products each year. Of this amount, only 20 to 30 percent is recycled and rest is dumped as obsolete or disposed of in open places, which is hazardous to health and environment. So we are gorging to take this opportunity and convert these environmental challenges into business a model. Our business plan is to collect e-waste from consumers through E-commerce Platforms such as using (Mobile Apps and websites) and then sell it to the authorized E-waste Recycler. Since our collection process requires used materials, less energy, less raw materials, it is a cost effective process. For this reason we have advantages over other, E-waste Recycler in the market since the idea is completely new in the Bangladesh waste management market. Another aspect of advantage is that eco friendly. Our business will operate as a private limited company under the business name Recycle Bin.
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Abstract This report summarizes the findings from case studies conducted at eight remanufacturing/recycling facilities in the UK and one in France. The report draws out the common issues related to the product recovery decisions, information availability and the effect of this on product recovery operations. The study highlighted the important role that availability of product information plays in making effective product recovery decisions.
ABSTRACT: This paper describes seven alternative product recovery strategies that can be pursued by manufacturers. I then develop empirically testable hypotheses based on industrial organization, transaction cost economics, and the resource-based view to predict which strategies are likely to be pursued by different types of companies.
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Fast development of the electronics industry and an eminent value of obsolescence of the electronic productions conduce to the uninterrupted production of great amounts of electronic waste or e-waste worldwide. Due to the frequent commingling of a wide range of reusable, or recyclable, and non-recyclable surplus electronics, the term "e-waste" infer all sorts of these leftovers. Even though the economic benefits are potentially enormous, only a small proportion of the electronic waste is being recycled all around. There is a transaction cost associated with the recycling process due to the environmental protection regulations, hence economically less attractive at the industry level in developed nations. However, to the least developed nations where owing to low living standard the demand for the better quality environment is low, even nonexistent, recycling e-waste has become a livelihood earning opportunity. The study intends to interpret the socio-economic consequences of e-wastes by focusing the detrimental effects that it have created in China and Ghana, and attempts to outline what developing nations like Bangladesh can do to prevent or reduce the harmful consequences of it.
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Lorene Tiburtino
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₹ 4,999.00 – ₹ 71,999.00
Description
Additional information, business feasibility study report, business modelling, business plan.
E-waste is the discarded electronic and electrical devices or parts of the devices. Major waste generated from broken, surplus or obsolete electronics includes computers, TVs, monitors, cell phones, laptops, washing machines, VCRs, CD players, PCB, printers, refrigerators, industrial machines. This market is divided into IT, Telecom, Large household appliances, and Consumer Electronics.
E-waste recycling is the process of collecting stuff from old devices to use in new products. For instance, while an old computer might seem worthless, it is rich in elements like gold, silver, silicon, copper, and aluminum.
The electronics recycling business is becoming ever more important as volumes of e-waste continues to increase, setting the stage for the growth of this industry. The accelerated growth in consumer electronics, however, has led to an ever-expanding surge of end-of-life electronics that need to be recycled, creating the significant potential to contribute to the country’s economy.
According to IFC (International Finance Corporation), the e-waste management sector in India has the potential to create 4.5 lakh direct jobs by 2025. This sector presents numerous opportunities in terms of investment, infrastructure development, and jobs.
According to research on business organizations dealing in waste management of India which produces tons of solid waste every year and a ‘Swachh Bharat’, there is an untapped market that has the potential to be worth $13 billion by 2025.
With the government’s support and subsidies for setting for e-waste recycling plants, this business idea may stand in the list of most profitable businesses.
Enquire Before Buying
The Business Feasibility/ Viability Study is performed to support the decision-making process based on a cost-benefit analysis of the business. It is a strategically designed informative document which will manifest limitations about the E-waste Recycling/ Management Business and will support in identifying the project viability. The business is considered viable/ feasible only when it claims to make profits for a longer period and sustain. The longer a company can stay profitable, the more the project is viable.
Our report will provide all the statistical data on the legal, technical, social, economic, and many more factors; which will help you in determining the business feasibility/ viability. It also offers a past performance of the business and industry, such as a description of the product or service, market insights, current trends, details of management and operations, financial data, legal requirements, etc.
The Business Feasibility/ Viability Study is performed to support the decision-making process based on a cost-benefit analysis of the business. It is a strategically designed informative document which will manifest limitations about the Infant Food Processing / Manufacturing Unit and will support in identifying the project viability. The business is considered viable/ feasible only when it claims to make profits for a longer period and sustain. The longer a company can stay profitable, the more the project is viable.
Report Highlighting Point:
- Business Feasibility: Study of Micro and Macro elements of the Business.
- Market feasibility: Includes Market Insights, Market Potential for the Product and/or Services, etc.
- Technical and Financial Feasibility: List of Plant Machineries/ Equipment, Laboratory Setup, Calculations on Operating Cost, ROI and BEP.
- HR and Infrastructural Feasibility: Location, Building, Utilities, Manpower Requirement, etc.
Download TOC
Business Modelling is one of the most essential and differentiating steps in Business Planning. And this report helps you in understanding the most sustainable, potential, profitable business models for E-waste Recycling/ Management Business, and it will clarify all important points on those models one by one in a simplified manner. The other highlighting points for this Business Modelling Report are overall views upon;
• Size and Potential
• Target Markets
• Legal details
• Costing and Pricing
Furthermore, it serves the purpose by explaining who your customer is, what value you can create/add for the customer and how you can do that at reasonable costs.
- Business and Concept
- Market Research and Analysis
- Feasible Business Models
- Budget Calculation for Each Model
A business plan is a document that describes the overall business, its products or services, revenue model, strategies, human resources, financial analysis, operations model, and other details that are essential for success. A good business plan can go a long way and help reduce the odds of failure. It serves as a road map that provides direction to the business.
The increasing disposable income coupled with changing lifestyles and growing concern for healthy snacks are accelerating the demand. And for studying those demanding figures, we require an effective business plan with comprehensive information from different business regulations. (Which is production plan, operational plan, SCM plan, sales, and marketing plan, administrative plan, etc.)
Our business plan will help you in
• Finalizing the best-fitted model
• Determine goals and areas
• Details of every department of the business
• Raising money for business
- Elevator Pitch
- Business Overview: Market Dynamics, Market Size, Market Potential, Strategic Analysis using Porter’s Model, PESTLE Analysis, SWOT Analysis, BCG, ETOP Analysis, etc.
- Project Details: Company Description, Goal Setting, Legal Requirements, Production Process, Logistics and SCM, Sales and Marketing Plan, etc.
- Financial Analysis: Includes Capital Budgeting, P&L Statement, Balance Sheet, etc.
- Business Projections over 5 years
- Milestone and Timeline Planning.
A Detailed Project Report on E-waste Recycling/ Management Business is a document that will provide the information to understand the overall business. DPR is nothing but an absolute informative document which will help you gain all the knowledge and help you explain the project to all the stakeholders. It explains details gathered for Economic Analysis, Technical Analysis, Financial Analysis, Social Analysis, Managerial and Production/Technological aspects of the E-waste Recycling/ Management Business.
It initially serves the purpose of structuring
• A detailed roadmap of business.
• Financial help from the right institution with ease.
Thorough information from various areas for unilateral fulfillment.
- Project Details: Pre-requisites, Project Implementation Plan, Mech-Structural Plan, Sales and Marketing Plan, Manufacturing Process Flow Chart, Personnel Requirement.
- Financial Analysis (5 years): Capital Budgeting, Financial Ratios, etc.
Available Options:
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