Top Recycling Business Ideas 2017: Best Green Opportunities

Top Recycling Business Ideas 2017: Best Green Opportunities

Recycling Business Ideas

 

One of the most innovative areas for starting up a new business is recycling.

Even more, going green is a trend of today. Recycling business is the business of the future.

 

Recycling business is the business of the future. Click To Tweet

 

With all the valuable materials that get dumped into a landfill happening every day, starting up the right type of recycling business offers you a real opportunity to do something good for the environment and make a profit as well.

 

Related: How to Start a Business: The Ultimate Guide

 

Many people start with aluminium cans which is great for making a little money on the side, but real recycling businesses focus on other materials that are even more valuable.

There are hundreds of recycling ideas for businesses out there. In this blog post we provide the top 10 recycling business opportunities that will help you build up your company and if done in a right way – enjoy real profits.

Here they are:

 

1. Construction

 

This is a pretty straightforward small scale business idea.

There are many different materials that can be recycled from construction waste, including metals, electrical materials, hardwood, and more. All you need to do is collect them and sell them to recycling centers or directly depending on their condition.

 

2. Cooking Oil

 

This type of recycling takes away the impurities from used cooking oil so that it is fresh once again. By offering the clients this service, they can have their used cooking oil taken away and will purchase the recycled cooking oil from you as part of the process.

 

3. Electronics

 

The electronic recycling is another way to build your recycling company. Purchasing scrap electronics from devices and other sources and selling them to recyclers will offer a considerable profit margin for your business. The types of devices that can be recycled or even refurbished are laptops, computers, mobile phones, and electronics of all types.

 

4. Garbage

 

Relatively low investment business idea; You can recycle the garbage from homes and businesses, picking up their debris on a regular basis and providing bins that separate out the recyclable material. This makes it easier for businesses to recycle and for you to make money after a reasonable investment.

 

5. Printer Cartridges

 

This is another highly popular form of recycling businesses thanks to the price of the printer cartridges. 🙂

A simple cleaning and refilling process will provide you with a good profit while offering cheaper cartridges to businesses and corporations.

 

6. Scrap Gold

 

Certainly, one of the most profitable recycling businesses. The good news about gold is that it is easy to melt, malleable, and does not lose its purity even when used repeatedly. Add to this that gold recycling is cheaper and better for the environment than mining and you have a real winner.

 

7. Tires

 

Recycling tires have been around since World War II. Considering all the tires that are still in landfills and other areas, recycling them is something desired by everyone. However, it is a dirty job and finding the right companies to work with can be problematic. Still, if you can set up a tire recycling business, the profit potential is considerable.

 

8. Wood

 

Wood historically has always been recycled. Even today, timber still can be recycled in eco-friendly ways. On top of that, there is a solid belief among potential customers that by purchasing recycled wood, the demand for “green timber” will fall and ultimately benefit the environment. Thus, recycled wood products with “eco-friendly” labelling have potential to boost the sales.

Recyclable wood is easily obtainable through construction waste, demolished buildings and infrastructural objects, old furniture and other similar sources.

 

9. Glass

 

The glass is 100% recyclable. Even more, glass can be recycled endlessly without any loss in quality or purity. For every ton of the recycled glass over a ton of natural resources are preserved.

 

Glass Recycling Infographic

 

Image Source: GPI

Read also: Frequently Asked Questions: Glass Recycling – Stanford University

 

10. Waste Collection Center

 

This is a simple and low cost business idea. You probably have such sites in your own community, but there are still plenty of opportunities to start your own recycling business. Your recycling plant can include a number of items from cans, paper, and bottles which you can ship to larger centers and get cash.

 

We have listed the best 10 recycling business ideas. However, there are many other recycling business ideas that you can leverage to build up a profitable company.

 

Below are some great resources for further guidance:

Bureau of International Recycling

US Environmental Protection Agency

Recycling Guide

RecyclingToday

 

Related: When It’s Time to Start Your Own Business?

 

 

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55 Remarkably Simple And Crazy Powerful Quick Business Tips

55 Remarkably Simple And Crazy Powerful Quick Business Tips

There are hundreds of tips that can help you run a business, but these quick 55 will literally skyrocket your business!

 

However, for that you still need to follow them after reading. 🙂

 

So, here they are:

 

1. Always Stay Positive

2. Wake Up Looking Forward to Your Day

3. Start Early and Work Until It Is Finished

4. Get Out of Your Comfort Zone

5. Always Present your Best Self in Business

6. Keep Expenses to a Minimum

7. Keep Overhead to an Absolute Minimum

8. Never Sell Products at a Loss

9. Look for Ways to Eliminate Expenses such as Rent by Buying your Own Building for instance

10. Never Cut Your Marketing Budget

11. Know When to Cut Your Losses on a Marketing Campaign

12. Look for ways to Build your Business Brand

13. Always Look for New Ways to Sell your Products

14. Always Look for New Ways to Market Your Company

15. Find Ways to Market Your Products for Free

16. Utilize Traditional Marketing Methods

17. Incorporate your Logo in All Advertising Efforts

18. Market to Potential Customers on Multiple Fronts

19. Always try to Increase your Marketing Budget

20. Re-evaluate Your Business Model Every Year

21. Always Be Open to New Ideas and Trends

22. Seek Out a Mentor to Help You in Specific Areas

23. Stay Informed and Read Every Day

24. Look for learning opportunities in everything

25. Become the Authority in your Field

26. Keep an Eye out for New Trends

27. Evaluate All Trends Before Jumping On Them

28. Remember sometimes the Tried-‘n-True can become Old and Useless

29. Keep a Sharp Eye on the Competition

30. Establish the Best in Customer Relations

31. Know your Customers and Tie into their Interests

32. Seek Out Clients that can Help Your Business

33. Maintain Contact with Established Customers, they are the Heart of Your Business

34. Minimize the Distance between Decision-Makers and Customers

35. Take Out the Minimal Amount Needed for Loans

36. Find the Right Sales Pitch and Use It Until It No Longer Works

37. Start with One Product and Build Up Your Business

38. Set High Goals, but Never Spend as If You’ve Reached Them

39. Stay within your Niche

40. You cannot become All Things to All People

41. Outsource to Professionals Whenever Possible

42. Hire Better People than you at a Particular Job

43. Become Involved in Local Events and Charities

44. Always Be Friendly to Everyone as You’ll Never Know When You Might Need Them

45. Use every Tax Deduction Possible

46. Set Daily Goals and Note Improvements

47. Prioritize Wisely

48. Always test and try to beat the winner

49. Don’t Worry About Making Mistakes, Everyone Makes Mistakes

50. Relax so that Stress does not Build Up

51. Failure is a Part of Success

52. Never take “No” for an Answer

53. Learn from Your Mistakes

54. Never Quit, Quitting is the only true way to Fail

55. Take notes of favorite tips while reading this post and make sure you try them out 🙂 (Read this post on How To Avoid The Procrastination if you feel like procrastinating and not taking notes!)

The success or failure you experience in running your business will depend with staying on track, never overspending, and never giving up.

If you can follow these tips, you have the guideline to run a successful business that can take you as far as you want to go in life.

We’ll be glad to hear your thoughts!
Please share them in the comments section below for us and our audience to read and benefit!

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Top 25 Startup Hubs in the US [2016]

Top 25 Startup Hubs in the US [2016]

 

According to a report released by the U.S. Chamber of Commerce Foundation and startup incubator 1776 Boston is ranked number 1 among the top 25 startup hubs in the U.S.

Boston moved to the top spot as a result of San Francisco Bay Area’s lack of a cohesive community and declining quality of life for residents. However, San Francisco Bay Area still remains as an absolute leader when it comes to total startup activity.

Some cities with a fewer startups such as Denver and Raleigh-Durham outranked larger cities like New York and Los Angeles by having stronger ties between the startups and institutions in the community.

 

Innovation That Matters evaluated 25 cities, digging into six themes:

1. Talent
2. Capital
3. Industry Specialization
4. Density
5. Connectivity
6. Culture

 

While the number one was revealed based on total ranking the leadership of the best cities was not consistent in every aspect the report finds.

For example, Boston being a leader for capital and density, ranked only number 8 for talent and ecosystem connectivity and only number 4 for culture. Similarly, Buy Area being number 1 in talent, capital and industry specialization was only 17 for ecosystem connectivity and 9 for culture.

This demonstrates that emerging players can leverage their strengths (e.g. Baltimore ranking only 18th based on the total of all metrics was #1 in the ecosystem connectivity), while the leaders might consider working on raising up the consistency across all metrics.

 

Here is the full list of top 25 startup cities in the US according to ITM:

1. Boston
2. Bay Area
3. Denver
4. Raleigh-Durham
5. San Diego
6. Austin
7. Los Angeles
8. Philadelphia
9. Washington DC
10. New York
11. Seattle
12. Chicago
13. Portland
14. Pittsburgh
15. Nashville
16. Minneapolis
17. Salt Lake City
18. Baltimore
19. Dallas
20. Houston
21. Atlanta
22. Miami
23. Phoenix
24. Kansas City
25. New Orleans

Read Full Report

 

Related: What Is a Startup and How It Is Different From a Small Business?

We’ll be glad to hear your thoughts!
Please share them in the comments section below for us and our audience to read and benefit!

What Names Are Acceptable for UK Limited Companies?

What Names Are Acceptable for UK Limited Companies?

Most names are acceptable to Companies House, but there are number of exceptions which fall into the following categories:

1. The proposed company name must be unique, meaning that there must be no other company incorporated under the same name.

2. Some words as “British”, “Group” or “International” must be substantiated by the means of providing evidence of other related companies or companies operating in at least two different countries. You will need to apply separately for the use of reserved words.

There are also sensitive words which could imply a connection with the UK government, an administration or specified public authority.

Words such as King or Queen are sensitive words, and you need request approval to use a sensitive word from the corresponding bodies/persons.

3. Names containing words likely to cause offence are not allowed.

For the company name search you can use our up to the minute system to check whether your chosen name is available for registration. Our company name search system is fully harmonized with Companies House, so you always get the most relevant result.

In case your chosen name is similar to an existing company name, that company could object within 12 months and you may be forced to change your company’s name.

Related: Changing From Sole Trader to Limited Company

Important Notice – Similar Names

Since October 2009 Companies House has started exercising stricter regulations in regards to similar names. Unfortunately, our current company name search engine can only specify if a name has or hasn’t been taken.

For example, ABC Ltd will be unavailable on our search as the name is already taken. ABC GB Ltd would appear to be available. However, this is not the case, GB falls into a category of words and expressions that Companies House feel do not separate the latter from the former. Therefore the company would be rejected. Other such words/expressions that fall into the same category are:

  • Company

  • Com

  • co.uk

  • International

  • Net

  • Org

  • Services

  • UK

  • United Kingdom

For the extensive list of words/expressions take a look here.

Please note that if you already owned ABC Ltd and wanted to form ABC GB Ltd this would be possible. You would just need to create a supporting document detailing your ownership or directorship of the original company.

Companies House will also reject names split up with punctuation marks. Once again, using ABC Ltd as our example company, all the below would also be rejected.

  • AB-C Ltd

  • AB and C Ltd (or &)

  • ABC! Ltd

  • @ABC Ltd

Companies House accepts the following punctuation, signs and symbols marks

  • 0, 1, 2, 3, 4, 5, 6, 7, 8 or 9

  • full stop (.), comma (,), colon (:), semi-colon (;) or hyphen (-)

Further reading:

UK Company Formation FAQ

What Is a Startup? And How It Is Different From a Small Business?

What Is a Startup? And How It Is Different From a Small Business?

Too many look at startups and small businesses and assume that they are the same thing. In reality, though, they are quite different. While they have some similarities, they are not the same thing at all. The two words are not interchangeable.

Luckily, it is easy to tell them apart. See the video for the quick explanation:

If you are considering going into business on any level, you should make sure that you understand their differences. Knowing what a startup is and knowing how it differs from a small business will help you when navigating the business world.

It’s pretty easy to tell them apart, especially if you know the intentions of the business owner and the business’s potential future.

We are going to highlight only the principal difference between startups and small business in this article. However, there are still certain less important and rather formal differences between them such as funding, ownership etc.

Before we go in depth it is important to note that startups can be compared only to new small businesses. Startups are always new. When they are not new anymore then they have probably become huge and accordingly ceased being a startup or they just winded up.

So, here we go.

Small businesses are small

First, look at a small business. Most likely, you know what one is. There is not a lot of mystery here.

A small business is a locally owned business that has a small number of employees, a relatively low cost and income, and no plans to become a corporation. Many of them operate as sole traders and put off or not follow through with forming a company.

These low risk, low reward businesses tend to remain the same for years. They continue to make money, though not a lot, and stay in their area. Very seldom do these types of businesses grow into something bigger.

Small business is an ice cream shop in your district or your favorite local coffee shop for instance.

Startups are also small but they dream big

A startup, on the other hand, may begin in the same way as any business, including a small business, but it has greater aspirations. Startups want to become huge.

Their motivation is money, popularity, and success, and they go for it. Larger investments, early company formation, and marketing all go into building a startup.

This leads to a higher risk, higher reward system. While startups have a lot more to gain, they are also more likely to fail. When they do well, though, they do very well.

However, many people look at startups from the perspective of business phase. They consider any new business to be a startup at the very outset of its life.

This approach is different from Silicon Valley style vision with its tech startups and therefore seem slightly outdated.

Startup notion nowadays transformed into something more than just a newborn business.

 It is about the ambition, level of dedication, dream and threshold. It’s when you desperately refuse to stay small. Startups are born to be big. To be big or die.

Another slight difference between the two is their online presence. While both will likely invest in domains and hosting, the extent of which is not the same. For domains, startups do more with SEO and marketing than small businesses typically do. For hosting, startups choose packages that suit their intended growth. Small businesses, on the other hand, have limited plans for growth and choose a package that reflects that.

Moreover, many startups are based on online business models and naturally their web presence is simply not comparable to the one that small business usually has.

However, the major difference is how they view their respective futures.

Small businesses are about success, obviously, but they focus more on maintaining local popularity and manageable income rather than going big. Startups are more about gaining ground and becoming a big hit, something that can make a lot of money but can fail easily.

The fundamental difference between startup and small business appears to be the mindset.

Startups want to change the world.

Small businesses are fine being small, stable and profitable.

Further Reading: Top 25 Startup Hubs in the US [2016]

What are your thoughts on the topic? We’ll be glad to hear!
Please share your thoughts in comments section below for us and our audience to read and benefit!

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