2. Americans alone are responsible for producing 267.8 million tons of trash with each person
generating 4.40 pounds per day. Waste is a major concern in countries especially for the high-
income and over-populated ones. To protect the environment and safeguard the health of
the citizens, government and environmentalists are deploying different means of dealing
with this problem. Waste management Business is the answer and it is one of the fastest-
growing industries making an impact in society.
People will keep producing waste however, proper disposal and recycling into valuable
resources will continue to be the most challenging parts but we can all thank savvy
entrepreneurs who are diving into this industry and improving the standards. This is a
business that is here to stay and will continue to grow as long as people, industries, and
businesses keep producing waste. Pitch your business tent among the winning team, get a
great return from this hot investment and help increase the standard of the planet earth.
How do you go about it? Curbside Waste Inc, an eco-friendly waste removal company shares
some useful tips to get you started. Lets dig in.
3. Conduct a market survey and know your
demographics
Know the players in the industry-both the big and small and understand how competitive the
market is in the area where you want to set up. Decide whether you want a place in residential
or commercial waste removal. Know their pricing, strategies, the area of service of the
potential competitors. If the competition is too keen and tough, consider diverting in another
course or field. The industry promises lots of corporate and individual clients who cannot
dispose of garbage without the help of a waste disposal company. There are a lot of
demographics you can target such as farmers, small businesses and big businesses producing
hazardous waste, construction companies, manufacturers, automobile repairs sites,
electroplating companies, construction sites, farmers, dry cleaners, printing shops,
manufacturers, and the list goes on.
4. Find your niche in the waste management industry
The waste management industry is a broad one that encompasses different fields that can be explored. Each has its diverse methods,
various disposal of waste with its unique license to be obtained. It houses both small and big businesses and finding your niche requires
knowing your budget, skills, potential, scope and area of interest. Here are a few of the many fields one can choose from.
Toxic waste disposal and management
MSW(Municipal Solid waste) disposal and management
Medical waste disposal and management
Industrial waste management
E-Waste(Electronic waste)disposal and management
Construction and demolition removal and collection
Household waste disposal and management
Nuclear waste management
Animal waste management
5. Conduct a monetary analysis of the business
To be on the right track, generate an awesome return, stay in the business, compete
well and see your business at the top of the ladder, you have to conduct a monetary
analysis of what it takes to get started and stay in the game. Starting a waste
management business involves lot of plans, strategies to execute and lots more.
Deciding revenue generation options and pricing that will beat the market is very
important. Moreover, no industry is competition-free, therefore, you need to
determine the marketing and promotion strategies to incorporate in order to grow
your business.
Moreover, aspiring entrepreneurs have to understand the setup costs, trucks, the
equipment required, servicing, the funding, employees costs, legal permits and
insurance.