Waste Recycling Business Plan In Nigeria 2023 Sample
The Nigerian business environment is filled with great opportunities, these opportunities could be a means to an end to so many people, one of such opportunity is the waste management opportunity, the truth is that a lot interest has not been placed on the activities concerning waste recycling, waste recycling has become one of the businesses that has been putting money into the pockets of a very few people.
it is unbelievably true that waste recycling is one of the most lucrative businesses out there, however, going by the number of people we consume can drinks, bottled drinks and other type of drinkable supplements etc you discover that the waste that comes as a result of the consumption from these bottles and could be recycled and those involved could get paid at the end of the day.
There are millions of can and bottled drinks being consumed daily across the country, have you ever asked how these bottles are disposed? Truth is that only a handful pick these plastic bottles which they in turn recycle into something meaningful. These days the recycling business in Nigeria is getting loads of attention from and people are fast becoming interested, it is even better now to get involved than to wait when they industry must have been saturated.
There are many advantages to this business, it is not just an economic front, when know what plastic waste can do to our environment, recycling these dirts is one way of ridding the streets of waste and then making money from it, you see, the waste recycling business in Nigeria has a multi face benefit, benefit such as
(i) Help to tidy the environments and rid our streets of harmful waste that could as well blockage to sewage which in most times leads to pollution of the environment
(ii) Economic benefit, since riding the street of these waste helps you also get paid, it has then become a source of economical empowerment. Although the waste management business is not of those business you could referred to as capital intensive business, however, there are always a lot of work to be done every time.
If you’ve noticed, there are some people you may not have noticed, who usually walk around the streets with big sacks, you mostly see them at the refuse dumps, they are usually there because they tend to get more than enough waste material there, most time one person could cover a large area alone because there are few people doing it, it is safe to say that competition in this business is non-existing.
The waste management business in itself might not complicating to run but one thing is certain, and that is understanding how you can break even through the business, you must understand how the business is run, when and where to put your money in, the essence is to avoid any type of waste that may result from not having a proper knowledge of the business, here is why you need a Waste Recycling Business Plan In Nigeria.
Hurry Now! Get the Updated Waste Recycling Business Plan In Nigeria feasibility study PDF (Including The Financial Projections), pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Waste Recycling Business Plan In Nigeria feasibility study PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Business factor On Waste Recycling
In every business we have those factors that you must consider in order to break even, these factors should determine if you will go ahead with the business or not, if you will proceed with contact an expert who will help you with a business plan or buying a waste recycling business plan in Nigeria. Below are some of these factors;
Capital – Money is like blood, if it dries up in the human system, the person dies, so also, when money is longer flowing, a business will die, that is why capital is very important in any business, recycling business included, you may think that recycling business shouldn’t require money to start, truth is that you require a whole lot of capital to start with. Waste recycling business is one of the most capital intensives, an estimated 25 million Naira can be used for start off that is about $66,000. This is actually too much I must say, however, this is only needed if your intention is to set up a recycling factory, the money goes into getting a space to site the factory, buy machines and other recycling equipment and then maintenance which in most cases is even more expensive. Don’t be discouraged however, you could also participate by moving around and collecting plastic containers which you will give to an already established factory, this arrangement must be done with the understanding that you will be getting paid. It benefits you the more because you are not just getting paid you are also learning the trade. You go into an agreement with not just one factory, but with as many as possible, to whom you get to distribute all your collections of plastics.
Market Survey – A business such as this that is capital intensive requires that you at least study the market, the essence is to know the market trend and to also understand the working s in the market, you shouldn’t just jump in because you have the capital, you need to know how you gather the waste, where you can gather more waste and to whom the waste is to be sold to if your interest is gathering of waste. There are those who are also in business of reselling, you could join in and become a distributor to some of the major companies etc.
Write A Business Plan – This is where the big deal is, writing a business plan, you truly need this to be able to know where you actually stand, the business plan should be comprehensive and easy to understand, it is on the business plan that you will outline the goals you want to achieve as a business, how much you want to invest and how much will be your return on investment, you also outline your market strategies, market analysis, competition if any, financial projection etc, your waste recycling business plan in Nigeria must be thorough.
Equipment – the equipment for this business is very expensive, looking at the start up capital, you will agree with me that equipment will also be highly priced, there are different types of equipment that is required, a little market research on the best equipment will help you to get the best equipment for your recycling venture.
Waste recycling business as easy as it seems requires proper business planning as well as strategising, that is why a waste recycling business plan in Nigeria will be needed to help you to make the right decision as to where to put your money and it becomes useful.
Hurry Now! Get the Updated Waste Recycling Business Plan In Nigeria feasibility study PDF (Including The Financial Projections), pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Waste Recycling Business Plan In Nigeria feasibility study PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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