How to Start a Recycling Business in California
These days many people are now aware on the importance of taking care of our beloved planet earth, so this is the right time to start a recycling business. One of the leading states in the country that promotes this project is California. Recycling business is quite lucrative venture because in Los Angeles alone they have garnered $1.2 billion of revenue. This is a nice venture that is ideal to enter.
All you need to do is to have an effective strategy to have a profitable recycling business in California.
Items to be Recycled
The first thing that you need to remember is the materials or items that you will process as well as how you can collect them. Apart from the usual newspaper, can, aluminum, scrap metal and glass recycling there are also a lot of items or materials that you can recycle. Items such as efficient-light bulbs, computers, motor oil, plastic products and tires could also be collected and promoted as your niche. In addition, you can also choose on specializing in just one particular materials or mixture of materials or any materials you want. For collecting the materials, you may need to decide how you can able to pick up these and drop on a facility that will process it or a combination.
License is also very important to remember before you can successfully run your recycling business in California. Visit the California secretary of state for your registration. As you know the articles of organization and articles of incorporation should be filed with business division of SOS. This article actually outlines the way that the business will be directed and governed. There are requirements and fees that you need to accomplish. For more information about the price of fees and other requirements it would be best to visit the website of SOS. Be sure to get an employer identification number that can be obtained in the Internal Revenue Service that are commonly done in their website.
In any business, starting cost or capital is very important, so it is the first factor that you need to consider before running a recycling business. Be sure to secure enough amount of funding for your business. In case you don’t have ample funds to start your recycling business, don’t worry because there are some means on how you can acquire funds. Firstly, create an effective business plan as well as the complete details of your proposed business and submit it to a financial agency as small business loan. The Small Business Administration can assist funding for promising business.
Facility, Equipment and Advertising
Once you have now the capital and effective business planning. The next thing that you need to do is to find an appropriate location for your recycling business. The pieces of equipment are also important, be sure to have them before starting or lease some if you can’t still afford. Lastly is advertising, having effective advertising strategy can surely help you to boost your sales.
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