The business plan for electronics recycler has to account for several different variables. One obvious thing is the question of what can be recycled and what needs to be sent to the landfill, but a less apparent issue is how you intend to process the potentially hazardous components that exist in LCD screen televisions, laptops, and handheld devices. These sort of units can pose an environmental hazard if disposed of alongside conventional trash, and so there is a business opportunity for electronics recycling companies that pledge to take these items apart in order to differentiate the dangerous component parts from those that can be pitched alongside normal household waste. But how does this sort of company monetize the service offering? How do you position yourself against low-cost competitors claiming to do the same thing? Cover these topics in your business plan:
• What is the fee to drop off an item for recycling?
• Do you offer any delivery or hauling services?
• Where will the company perform its recycling?
• Can you negotiate a bulk rate for all trash that comes out of the process?
• Will your employees need specialized training?
The business plan for electronics recycler also needs to show a personnel plan that breaks down when people come onboard, what they get paid, and what the personnel burden is to you as the business owner. If you only use 1099 contractors, make sure that is accounted for correctly in the profit and loss tables of your pro forma. Ultimately a business plan like this will need to show a three-year set of revenue projections and expense estimates. Bankers want to see that you can cash flow the start-up loan successfully, hit break-even in a reasonable amount of time, and remain competitive with any existing providers in your market. Covering all this in detail can be difficult, but that is why MasterPlans is here to help! Call our consultants to learn how we can assist you with your plan: (877) 453-2011.
