Tire Recycling Business: Plan and Cost to Start Waste Tire Recycling
In today’s green environment, recycling is very popular, and even necessary. One of the most difficult things to recycle is tires. Every year tons of hazardous tires end up in landfills and other areas that endanger the environment.
The beginning entrepreneur a lot of times is not familiar with the laws and everything that goes into properly recycling tires and other hazardous materials. Starting a tire recycling business involves knowing how to handle hazardous materials, where to recycle the used tires and how to incorporate the materials into other useful products.
How to Start Waste Tire Recycling Business
The Business Plan
- Before embarking completely into the tire recycling business, be sure to put together a comprehensive business plan. Include your financial records for at least the last five years such as bank statements and tax records. This will be very beneficial if you are planning on obtaining a loan or other financial backing to finance your business startup expenses.
- A business plan will also need to show your projected profits and costs for five, ten and even fifteen years down the road so that investors can make an educated decision before investing in your company.
- A sound marketing strategy that details how you plan to advertise your business and gain customers is important not only for potential investors, but also for you as a guideline that you can follow and improve upon as times go by and things change.
Do Your Research
- Recycling tires is not exactly like recycling anything else. The materials that make up tires are toxic and harmful to the environment, people and animals if not disposed of properly.
- Contact your local city, state and federal agencies to find out what kind of permits and licensing you will need to operate your business. Different states and even counties have different guidelines. Some states are much more environmentally strict and you will need to be sure that you are staying within their guidelines.
- Conduct a thorough research on other tire recycling companies so that you can become familiar with their practices as well as knowing who will be your biggest competitors.
- Recycling, disposing of and reusing tires require different types of equipment. Research the type of equipment you may need for the type of recycling you are planning on doing. For instance, you may need a tool that separates the belt from the tire. Knowing what type of recycling you will be doing first will help you decide what type of equipment you may need.
- Study the market. There are a lot of ways of reusing tires safely and turning them into products that other people may want to purchase. Some used tires can be used for a variety of things including playground equipment, furniture and other household and business items. However, some items may require specific tools and machineries to produce, so be aware of this as you make your choices.
- Contact business that have a lot of tires they need to get rid of. Consider auto body repair shops, truck repair shops, mechanic shops, and city and state companies whom you may be able to provide a better rate for removing their unwanted tires than their current provider can.
- Develop a website to advertise your business. Post flyers and posters around your area. Post notices in the newspaper and write press releases for the Internet.