Hazardous Material Disposal Business Plan [Sample Template]

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Are you about starting a hazardous waste material disposal business? If YES, here is a complete sample hazardous materials disposal business plan template & feasibility study you can use for FREE. If you are looking to start a business that is centered on waste and hazardous material then you may want to look into starting a hazardous material waste disposal business. This might sound technical but is a rewarding business for anyone who dabbles into it.

Yet another thing that makes the business standout is the fact that you are able to also have a rich knowledge about recycling. Here below is a sample Hazardous Materials Business Plan;

A Sample Hazardous Material Disposal Business Plan Template

1. Industry Overview

Going by the united states environmental policy, hazardous waste is classified as a waste (usually a solid waste) that has the potential to cause, or significantly contribute to an increase in mortality or an increase in serious irreversible, or incapacitating reversible illness; or a waste that pose a considerable present or potential hazard to human health or the environment when improperly treated, stored, transported, or disposed of, or otherwise managed.

In the United States and of course in all the countries of the world, industries and business generate hazardous waste on a regular basis hence the need for the services of companies that are involved in hazardous waste disposal. Hazardous waste can be generated by both small businesses and bigger corporations.

For instance, small business like dry cleaners, automobile repair shops, hospitals, exterminators, and photo processing centers all generate hazardous waste. So also, larger companies like chemical manufacturers, electroplating companies, and oil refineries et al generate hazardous waste.

Going by the 1976 Resource Conservation and Recovery Act, a facility that treats, stores or disposes of hazardous waste must obtain a permit for doing so. So also businesses that generate hazardous waste and those that transport hazardous waste must meet specific requirements for handling, managing, and tracking such waste due to the health and environment hazards involved.

The Waste Treatment and Disposal Services industry under which hazardous material disposal belongs to will continue to experience growth in all parts of the world especially in developed countries such as United States of America, Canada, united kingdom, Germany, Australia, South Korea, Japan and China et al.

The companies with the leading market share in the industry are:

Perma-Fix Environmental Services Inc
Heritage-Crystal Clean Inc
Freedom Environmental Services Inc
Clean Harbors Inc.

Statistics has it that in the United States of America alone, there are about 1,398 licensed and registered Waste Treatment and Disposal Services businesses responsible for employing about 48,204 employees and the industry rakes in a whooping sum of $17bn annually with an annual growth rate projected at 2.1 percent.

No doubt starting and operating a hazardous waste business can be challenging, but the truth is that it can be rewarding at the same time. One good thing about the industry is that it is open for both big time investors who have the capacity to start the business with fleet of trucks and aspiring entrepreneurs who may one to start with just one truck.

2. Executive Summary

Clean – Up Hazardous Waste Disposal Service Inc. is a registered and licensed hazardous waste disposal company that will be based in 10548 SD Highway 32 Belle Fourche South Dakota.

We are in business to provide hazardous waste collection and hauling services, own and operate waste treatment or disposal facilities, including waste combustors (waste-to-energy plants), solid waste landfills and compost dumps. We will provide daily services all around South Dakota and neighboring states.

Clean – Up Hazardous Waste Disposal Service Inc. has been able to secure all relevant licenses and permits to operate throughout the United States and Canada. We will ensure that we abide by the rules and regulations guiding The Waste Treatment and Disposal Services industry and we will only hire experienced and qualified drivers with valid commercial driver’s license (CDL) to handle our hazardous waste disposal trucks.

Our customers and potential customers alike can be rest assured that they will get quality services at competitive rates. We will go the extra mile to ensure the safety of hazardous waste under our care and our customers get value for their money. At Clean – Up Hazardous Waste Disposal Service Inc. our goal is to provide excellent service to our customers and we pride ourselves on the integrity and competence of our company and our employees.

Clean – Up Hazardous Waste Disposal Service Inc. will ensure that all our hazardous waste pick – ups are on time and we supersede the expectation of our customers.

We will only put trucks that are in top shape on the road, and all our cleaners and drivers will be trained to be extra careful, pay attention to details, courteous, friendly and to abide by the rules and regulations of the industry. We will maintain and take proper care of our cleaners and drivers as well as our trucks and equipment.

At Clean – Up Hazardous Waste Disposal Service Inc. we are passionate in the pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to start our own hazardous waste disposal business; we are in the industry to make a positive mark.

We are quite optimistic that our values and quality of service offering will help us drive our hazardous waste disposal business to enviable heights and also help us attract the numbers of clients that will make the business highly profitable. We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again.

We are quite aware that in order to become the number one choice in our city, we must continue to deliver quality services and that is exactly what we will do. We are open to the use of latest technology in The Waste Treatment and Disposal Services industry.

No doubt our excellent customer service and the quality of services we offer will position us to always welcome repeated customers and handle massive deals from both government agencies and industrial giants. Our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Clean – Up Hazardous Waste Disposal Service Inc. is a family business; it is owned by Victor Davenport and family. Victor Davenport is an investor who has interest in The Waste Treatment and Disposal Services industry. The company will be fully financed by Victor Davenport and he will be the founding chief operating officer of the company.

Victor Davenport has a diploma in Transport and Logistics Management and his has over 15 years of experience in The Waste Treatment and Disposal Services industry.

3. Our Products and Services

Clean – Up Hazardous Waste Disposal Service Inc. is established with the aim of maximizing profits in The Waste Treatment and Disposal Services industry. We want to compete favorably with the leading hazardous waste disposal companies in the United States which is why we have but in place a competent quality assurance team that will ensure that every service carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that The Waste Treatment and Disposal Services industry is not just accepted in South Dakota but also in other cities in the United States of America. Our service offerings are listed below;

Hazardous waste composting
Treating and disposing of hazardous waste material
Operating incinerators or combustors for hazardous and nonhazardous waste
Treating and disposing of radioactive waste
Disposing of sludge
Operating solid waste landfills and local hauling of nonhazardous solid waste
Operating waste-to-energy plants that produce steam and electricity

4. Our Mission and Vision Statement

Our Vision is to become one of the preferred choices of individual and organization when it comes to the demand for hazardous waste disposal services in the whole of the United States of America and Canada.
Our mission is to ensure that we build a successful hazardous waste disposal company that will operate in the whole of the United States of America and Canada; a company that will boast of having some of the best and reliable hazardous waste cleaners and transporters (truck drivers) in the whole of the United States of America.

Our Business Structure

Our business structure will be designed in such a way that it can accommodate but full – time employees and part – time/contract staff; those who just want to take some time off to generate additional incomes.

We intend starting the business with a handful of full time employees (truck drivers, professional cleaners and back office staff) and some of the available driving roles fill be handled by qualified contract drivers. Adequate provision and competitive packages has been prepared for all our employees.

At Clean – Up Hazardous Waste Disposal Service Inc. we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. For now, we will contract the maintenance of our trucks to service provider, we don’t intend to maintain a very large overhead from the onset.

But as soon as the business grow and stabilize, we will assemble our own in – house maintenance team. Below is the business structure and the roles that will be available at Clean – Up Hazardous Waste Disposal Service Inc.;

Chief Operating Officer (Owner)
Admin and HR Manager
Transport and Logistics Manager
Marketing and Sales Executive (Business Developer)
Accountant
Hazardous Waste Operators/Cleaners
Hazardous Truck Drivers
Customer Services Executive/Front Desk Officer

5. Job Roles and Responsibilities

Chief Operating Officer (Owner):

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for fixing prices and signing business deals
Responsible for providing direction for the business
Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization

Transport and Logistics Manager

coordinating drivers, vehicles, loads and journeys
operating IT systems
negotiating and agreeing contracts
developing and confirming schedules
planning for and negotiating technical difficulties
preparing paperwork for regulatory bodies
liaising and managing staff
implementing health and safety standards
Planning routes and load scheduling for multi-drop deliveries.
Booking in deliveries and liaising with customers.
Allocating and recording resources and movements on the transport planning system.
Ensuring all partners in the supply chain are working effectively and efficiently to ensure smooth operations.
Communicating effectively with clients and responding to their requirements.
Directing all transportation activities.
Developing transportation relationships.
Monitoring transport costs.
Negotiating and bargaining transportation prices.
Dealing with the effects of congestion.
Confronting climate change issues by implementing transport strategies and monitoring an organization’s carbon footprint.

Admin and HR Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Design job descriptions with KPI to drive performance management for clients
Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defining job positions for recruitment and managing interviewing process
Carrying out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversee the smooth running of the daily office activities.

Marketing and Sales Executives (Business Developers)

Identify, prioritize, and reach out to new clients, and business opportunities et al
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects.
Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
Responsible for handling business research, market surveys and feasibility studies for clients
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develop, execute and evaluate new plans for expanding increase sales
Document all customer contact and information
Represent Clean – Up Hazardous Waste Disposal Service Inc. in strategic meetings
Help increase sales and growth for Clean – Up Hazardous Waste Disposal Service Inc.

Accountant

Responsible for preparing financial reports, budgets, and financial statements for the organization
Provides managers with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensuring compliance with taxation legislation
Handles all financial transactions for the company
Serves as internal auditor for the company

Hazardous Waste – Truck Drivers

Assist in loading and unloading hazardous waste.
Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
Keep a record of vehicle inspections and make sure the truck is equipped with safety equipment, such as hazardous material placards.
Assist the transport and logistics manager in planning their route according to a pick – up and delivery schedule.
Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
Comply with hazardous waste truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
Collect and verify delivery instructions
Report defects, accidents or violations

Hazardous Waste Operators and Cleaners

Responsible for handling core services such as, Hazardous waste composting, Treating and disposing of hazardous waste material, Operating incinerators or combustors for hazardous and nonhazardous waste, Treating and disposing of radioactive waste, Disposing of sludge, Operating solid waste landfills and local hauling of nonhazardous solid waste, and Operating waste-to-energy plants that produce steam and electricity
Handle general services that involves the transportation of hazardous waste
Maintain a clean working area by sweeping, vacuuming, dusting, cleaning of glass doors and windows, etc. if required.
Ensure that toiletries and supplies don’t run out of stock
Handle any other duty as assigned by the transport and logistics manager

Customer Service Officer

Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the manager in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products and, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

6. SWOT Analysis

Going by our vision, our mission and the kind of business we want to set – up, we don’t have any other option than to follow due process. Following due process involves hiring business consultant to help us conduct SWOT analysis for our business.

Clean – Up Hazardous Waste Disposal Service Inc. hired the services of a seasoned business consultant with bias in start – ups in the U.S. to help us conduct a thorough SWOT analysis and to guide us in formulating other business strategies that will help us grow our business and favorable compete in The Waste Treatment and Disposal Services industry.

As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Clean – Up Hazardous Waste Disposal Service Inc.

Strength:

Our strength are strong management, strong fleet operations, our transportation network serves some of the largest population centers in the U.S., size advantages, cost advantages, customer loyalty and strong reputation amongst domestic and industry players.

Basically our business is centrally located in a densely populated industrial and residential estate in South Dakota; our location is in fact one of our major strength. Another strength that counts for us is the power of our team; our workforce and management. We have a team that is considered expert in the hazardous waste disposal industry, a team of hardworking and dedicated individuals.

Weakness:

Our weakness could be lack of finance, high debt burden, cost structure, lack of scale compared to our peers who have already gained ground in the industry. As a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business. As a new business, we are also quite aware that it will take time for us to build trust with our clients.

Opportunities:

The opportunities that are available to us as a hazardous waste disposal company in the United States are online market, new services, new technology, and of course the opening of new markets. We are centrally located in one of the busiest industrial area in South Dakota and we are open to all the available opportunities that the city has to offer.

Our business concept also positioned us to be the preferred choice in South Dakota. The truth is that there are no standard and well – equipped hazardous waste disposal businesses within the area where ours is going to be located; the closest hazardous waste disposal company to our proposed location is about 15 miles away. In a nutshell, we do not have any direct competition within our target market area.

Threat:

Some of the threats that we are likely going to face are mature markets, bad economy (economy downturn), stiff competition, volatile costs, and rising fuel prices. Other threats that are likely going to confront Clean – Up Hazardous Waste Disposal Service Inc. is unfavorable government policies, seasonal fluctuations, demographic / social factors, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where ours is located.

7. MARKET ANALYSIS

Market Trends

The market trends as it involves The Waste Treatment and Disposal Services industry especially in the United States and Canada is indeed dynamic and at the same challenging.

But one thing is certain, once a hazardous waste disposal company can gain credibility, it will be much easier for the company to secure permanent deals/contracts with big time hazardous waste generators who are compelled by the law in the United States and Canada to clean up and dispose their hazardous waste as at when due.

No doubt, the demand for the Waste Treatment and Disposal Services industry cum hazardous waste disposal companies is highly correlated with consumer spending, as the vast majority of waste generated in the United States stems from consumer products and packaging.

As unemployment has declined and incomes have risen over the last 5 years, consumer spending has increased strongly, driving growth in the revenue generated in the industry. In the nearest future, an acceleration in consumer spending is anticipated to continue increase in demand for hazardous waste disposal services, despite sustained gains expected in recycling

No doubt some of the major factors that count positively in this line of business are competence, trust, honesty, good relationship management and of course timely and safe pick – ups.

8. Our Target Market

Our target market is basically every one (organizations and individual as well who have cause to generate hazardous waste. In other words, our target market is the whole of the United States of America and below is a list of the people and organizations that we have plans to do business with;

Dry Cleaners
Manufacturers (Chemical manufacturers, and Textiles manufactures et al)
Automobile repair shops
Exterminators
Photo processing centers/Photo Labs
Electroplating companies,
Household who generate sludge and hazardous waste
Corporate organizations who generate hazardous waste
Small business owners who generate hazardous waste
Hospitals
Oil and gas sector

Our Competitive Advantage

Our major competitive advantage is the vast industry experience and solid reputation of our owner, Victor Davenport and our management team. Clean – Up Hazardous Waste Disposal Service Inc. no doubt is a new hazardous waste disposal company, which is why we took our time to do a thorough homework before launching the business.

We were able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are trust, honesty, good network and excellent relationship management strong management, strong fleet operations, our hazardous waste transportation network serves some of the largest population centers in the U.S., our size advantages, cost advantages, supply chain, customer loyalty and strong reputation amongst domestic industry players.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we can comfortably work with both individuals who may want to dispose hazardous waste making use of small trucks and also big conglomerates who are involved in massive generation of hazardous waste.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups hazardous waste disposal businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Clean – Up Hazardous Waste Disposal Service Inc. will ensure that we leverage on our strength and the opportunities available to us in the U.S. market to generate enough income that will help us drive the business to stability.

We will go all the way to explore every available sources of income in The Waste Treatment and Disposal Services industry. Below are the sources we intend exploring to generate income for Clean – Up Hazardous Waste Disposal Service Inc.;

Hazardous waste composting
Treating and disposing of hazardous waste material
Operating incinerators or combustors for hazardous and nonhazardous waste
Treating and disposing of radioactive waste
Disposing of sludge
Operating solid waste landfills and local hauling of nonhazardous solid waste
Operating waste-to-energy plants that produce steam and electricity

10. Sales Forecast

We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income/profits from the first month or operations and grow the business and clientele beyond South Dakota to other states in the U.S. and Canada

We have been able to critically examine The Waste Treatment and Disposal Services industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in the United States of America.

Below is the sales projection for Clean – Up Hazardous Waste Disposal Service Inc., it is based on the location of our business and our competitive advantage;

First Fiscal Year-: $200,000
Second Fiscal Year-: $500,000
Third Fiscal Year-: $750,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same hazardous waste disposal services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

The marketing strategy for Clean – Up Hazardous Waste Disposal Service Inc. is going to be driven basically by professionalism, excellent customer service, honesty and quality service delivery. We will ensure that we build a loyal customer base.

We want to drive sales via the output of our jobs and via referral from our satisfied customers. We are quite aware of how satisfied customers drive business growth especially businesses like hazardous waste disposal services.

Clean – Up Hazardous Waste Disposal Service Inc. is a business that is strategically located and we are going to maximize the opportunities that is available which is why we spend more to locate the business in a location that will be visible and enable us to access our target market.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Clean – Up Hazardous Waste Disposal Service Inc.

Our goal is to grow Clean – Up Hazardous Waste Disposal Service Inc. to become the leading hazardous waste disposal company in South Dakota which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with in The Waste Treatment and Disposal Services industry.

Clean – Up Hazardous Waste Disposal Service Inc. is set to make use of the following marketing and sales strategies to attract clients;

Introduce our hazardous waste disposal business by sending introductory letters alongside our brochure to corporate organizations who into manufacturing, oil and gas refineries, photo labs, households and key stake holders in South Dakota
Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
Use friends and family to spread word about our business
Post information about our company and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al
Placing a small or classified advertisement in the newspaper, or local publication about our company and the services we offer
Leverage on referral networks such as agencies that will attract clients who would need our customized services
Advertise our hazardous waste disposal company in relevant magazines, newspapers, TV stations, and radio station.
Attend relevant expos, seminars, and business fairs et al to market our services
Engage in direct marketing approach
Encourage the use of Word of mouth marketing from loyal and satisfied students
Join local chambers of commerce and industry to market our services.

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street they are operating must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business beyond South Dakota which is why we have perfected plans to build our brand via every available means.

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and households in the whole of South Dakota and beyond which is why we have made provisions for effective publicity and advertisement of our hazardous waste disposal company.

Below are the platforms Clean – Up Hazardous Waste Disposal Service Inc. intend leveraging on to promote and advertise her trucking business;

Place adverts on both print (newspapers and magazines) and electronic media platforms
Sponsor relevant community based events/programs
Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
Install our Bill Boards on strategic locations all around South Dakota
Engage in road show from time to time in targeted neighborhoods
Distribute our fliers and handbills in target areas
Contact corporate organizations and households and corporate organizations by calling them up and informing them of Clean – Up Hazardous Waste Disposal Service Inc. Services and the services we offer
List our company in local directories/yellow pages
Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

Clean – Up Hazardous Waste Disposal Service Inc. has a lease arrangement with various companies and the company’s pricing is based on miles per thousands of tons of hazardous waste transported. We have perfected our plans to charge competitive rates since we have minimal overhead compared to our competition in the industry.

We will ensure that we leverage on price to win over customers; our prices will be affordable and negotiable. The fact that our business door is open to both individuals and corporations means that we will have different price range for different category of clients.

As the business grows, we will continue to review our pricing system to accommodate a wide range of clientele.

Payment Options

Our payment policy will be inclusive because we are quite aware that different people prefer different payment options as it suits them but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions.

Here are the payment options that Clean – Up Hazardous Waste Disposal Service Inc. will make available to her clients;

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via bank draft
Payment Via Cash
Payment via POS

In view of the above, we have chosen banking platforms that will enable our clients pay us without any difficulty. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a standard hazardous waste disposal company; it might differ in other countries due to the value of their money. However, this is what it would cost us to start Clean – Up Hazardous Waste Disposal Service Inc. in the United of America;

The Total Fee for incorporating the Business in South Dakota – $750.
The budget for Liability insurance, permits and license – $5,500
The Amount needed to acquire a suitable Office facility with enough parking space for our trucks in South Dakota for 6 months (Re – Construction of the facility inclusive) – $150,000.
The amount required to finance the purchase of the first set of trucks – $800,000
The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): $5,000
Cost of accounting software, CRM software and Payroll Software – $3,000
Other start-up expenses including stationery – $1000
Phone and Utilities (gas, sewer, water and electric) deposits – ($3,500).
Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $120,000
The Cost of Launching our official Website: $600
Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $2,500

Going by the report from our market research and feasibility studies, we will need about $1Mto set up a hazardous waste disposal business in South Dakota.

Generating Funding/Startup Capital for Clean – Up Hazardous Waste Disposal Service Inc.

Clean – Up Hazardous Waste Disposal Service Inc. is set to start as a private business that will be solely owned by Mr. Victor Davenport and family. He will be the sole financial of the company but may likely welcome other business partners when need for expansion arises.

These are the areas we intend generating our start – up capital for our business;

Generate part of the start – up capital from personal savings
Source for soft loans from family members and friends
Apply for loan from my Bank

N.B: We have been able to generate about $200,000 (Personal savings – $150,000 and soft loan from family members – $50,000) and we are at the final stages of obtaining a loan facility of $800,000 from our bank. All the papers and document has been signed and submitted.

14. Sustainability and Expansion Strategy

Clean – Up Hazardous Waste Disposal Service Inc. is a business that was established with the aim of covering the whole of South Dakota and other cities in the United States of America, we have invested a whole lot of money in the business and we would not want to see our investment go down the drain which is why we hired a core professional to help us put strategies and structure in place that will keep the business growing.

Part of the sustainability and expansion strategy that we have adopted is the continuous training and empowerment of our workforce (both fulltime staff and freelancers working for us) so as to provide them with the capacity to perform effectively in the highly competitive trucking / haulage industry in the United States of America.

In other to be in business for a long time, we will not in any way comprise our integrity and trust and we will continue to surpass the expectation of our customers.

Check List/Milestone

Business Name Availability Check:>Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Acquiring of trucks and relevant hazardous waste disposal equipment: In Progress
Renting of Office Facility (Yard) in South Dakota: Completed
Conducting Feasibility Studies: Completed
Start – up Capital Generation: Completed
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of The Company’s Logo: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees and drivers: In Progress
Purchase of the Needed furniture, office equipment, electronic appliances and facility facelift: In Progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business (Business PR): In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with key players in the industry (networking and membership of relevant organizations and chambers of commerce): Completed