A
True Story
Some friends a few years after university found
themselves jobless. However they had middle class parents who were supportive
and learned.
On an outing one of the friends suggested a partnership
business arrangement between the seven friends. They deliberated on the type of
business they could invest into and funding.
An agreement was reached for each person to contribute a
particular sum. After careful deliberation they discovered a niche in the waste
disposal business.
They went to a government agency to secure a dump site, then
registered a business name and leased their first truck. The business venture
they choose was garbage pick up truck business.
Garbage pickup truck business although labor and capital
intensive is possible small or large scale. On the onset instead of buying the
trucks you can perfect a lease agreement.
Other investment is in marketing, customer base and labor
costs. The business format is simple and easy to execute once the operational
structures are in place.
Waste disposal business is highly regulated through
permits and licensing. There are also environmental protection laws binding the
enterprise.
Getting an operational license is the first step and
securing a customer base. The waste disposal business is a huge employer of
labor and effectively contributes its quota to any country’s development.
The industry is vast and there are many niche areas for smart
entrepreneurs. There is the hazardous waste, household waste, chemical waste,
and hospital waste sectors.
There is also the different treatment plants and
recycling units doing good business. Like most sectors garbage collecting
attract huge earnings for the operators.
Before you launch
the garbage pick up business there are a few things to consider.
Write
a Detailed Business Plan
You need to write a business plan to guide the formation
and operation of your enterprise. Study your competitors and find out ways to
improve on their services.
The plan should factor management structure, company
profile, goals, future plans and expansion. Other things to include in your
plan are funding sources, labor costs and marketing. You need expert advice in
acquiring licensing and permits.
Funding
the Garbage Truck Business
You need to incorporate your company and register a
business name. Make your business limited in liability, get insurance and tax
identification number.
Apply for loans from banking institutions in your
locality and provide tax clearance certificate, company incorporation, business
plan and collateral. Open a checking account with the bank for the business.
Other ways to secure funds are through core investors in
your business. You can sell startup equity in your business to prospective
investors.
Register
the Garbage Truck Business
Make it a limited liability company or sole proprietorship.
Find out the state, local government permits and licenses you need to start the
business.
Carefully follow the rules and guidelines binding the
practice. Your company needs to apply for a dump site or land fill sites.
Although you can dump your refuse and pay per each load
at designated sites it is better to own your own site. The local government in
your locality will enforce environmental protection guidelines and code of
conduct.
Make sure you establish the kind of trash acceptable for
collection and dumping. Hazardous non biodegradable material should be
restricted in the inventory of trash your company collects.
Equipment
for the Garbage Truck Business
The major equipment you need is the garbage truck. Others
are spades, safety gear such as face-masks, hand gloves, safety boots and hard
hats. Once you have secured your dump site distribute garbage bags to all your
customers.
Accounting
To succeed you need an efficient monitoring and
accounting system. The accounts will organize payment received and defaulters.
Offer competitive prices, quality and efficient service and the business will
grow.
Marketing
the Garbage Truck Business
Usually garbage trucks work in a designated area provided
by the municipal authorities. The business runs as a semi-monopoly and is
location based.
The entire metropolis is usually divided by local
government areas, counties or regions. The Garbage disposal truck can only work
within designated area under strict local government regulations.
Therefore marketing is strictly restricted and based on
the region or locality designated to the company.
Conclusion
To start your enterprise write a business plan and carry
our feasibility study. Register your business as a limited liability company.
Secure funds through bank loans and apply for a dump site
from local authorities. Then buy or lease a garbage truck and distribute trash
nylons to customers.
Hire casual labor and offer your customer quick and
effective service.
Fecal Sewage Truck Disposal Business
Fecal Sewage Truck Disposal Business
