Waste Management Business Plan [Sample Template]

Are you about starting a waste management company? If YES, here is a complete sample Waste Management Business plan template & feasibility report you can use for FREE.

If you decide to start a business in the waste collection industry, you are sure of making a huge return from your investment. This is so because reliable statistics shows that the waste collection industry in the United States of America rakes in a whopping sum of about $45 billion dollars annually.

If you want to partake in this thriving industry, then you would need to obtain the entire necessary license and then launch your own waste management company. The truth is that, the market is still pretty much open for new investors to come in.

A Sample Waste Management Business Plan Template

1. Industry Overview

Companies that operate in the waste collection services industry basically collect hazardous and nonhazardous waste and recyclable materials. Non-hazardous waste includes municipal solid waste (household waste) and industrial and commercial waste.

Transfer stations where waste is transferred from local vehicles to long-distance automobiles for transport to disposal facilities are also included in the waste management industry. It is important to state that this industry does not account for government-provided services of a similar nature.

A close study of the industry shows that the Waste Collection Services industry has benefited from the recovery of the industrial, construction and commercial business sectors. As these sectors expand, it is natural for them to produce more waste.

So also, steady demand from the residential market has helped stabilize the overall revenue generated by the waste collection services industry.

Going forward, the demand for waste collection services will continue to be driven by population growth, privatization and business creation. Additionally, the industry will benefit from the public’s growing interest in the recycling industry.

The Waste Collection Services industry 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 Republic and Waste Management. Statistics has it that in the United States of America alone, there are about 7,676 licensed and registered waste management companies scattered all across the length and breadth of the country and they are responsible for employing about 206,928 employees.

The industry rakes in a whooping sum of $45 billion annually with an annual growth rate projected at 0.6 percent within 2011 and 2016.

A recent report published by IBISWORLD shows that the distribution of establishments in the Waste Collection Services industry across the United States largely reflects the size and distribution of the US population and economic activity.

Densely populated areas that are particularly economically active tend to generate large quantities of waste, necessitating the presence of greater numbers of industry establishments.

The report further stated that other factors that contribute to the relative concentration of industry establishments in a geographic location include the structure of the local economy and the commitment to and level of recycling. Some industries, particularly in the service sector, generate relatively little waste.

No doubt starting and operating a waste management company 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 waste collection trucks and aspiring entrepreneurs who may want to start with just one waste collection truck.

2. Executive Summary

Thomas Parker® Waste Management Company is a registered and licensed waste collection company that will be based in Dover – Delaware. We have been able to secure all the relevant licenses and permits to operate as a standard hazardous and non – hazardous waste Collection Company in the United States.

We will ensure that we abide by the rules and regulations guiding the industry and we will only hire experienced and qualified drivers with valid commercial driver’s license (CDL) to handle our waste collection trucks.

We are in business to provide services such as ash and brush collection and hauling, waste and refuse collection and hauling, hazardous waste collection and hauling, radioactive waste collection and local hauling, recyclable material collection and hauling, removal and hauling of rubble, construction and demolition debris, waste transfer station operation, municipal solid waste (MSW) collection and hauling amongst other related services.

We will provide daily services all around Dover – Delaware and neighboring cities. 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 and non – hazardous waste under our care and our customers get value for their money.

At Thomas Parker® Waste Management Company 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. Thomas Parker® Waste Management Company will ensure that all our 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 Thomas Parker® Waste Management Company 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 Collection 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. Thomas Parker® Waste Management Company is a family business that is owned by Thomas Parker and his immediate family members. Thomas Parker is an investor who has interest in The Waste Collection Services industry.

The company will be fully financed by Thomas Parker and he will be the founding chief operating officer of the company. He has a diploma in Waste Management and his has over 15 years of experience in The Waste Collection Services industry.

3. Our Products and Services

Thomas Parker® Waste Management Company is established with the aim of maximizing profits in the waste collection services industry.

We want to compete favorably with the leading waste management 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 ensure that we do all that is permitted by law in the United States to achieve our business goals and objectives. Our service offerings are listed below;

Ash and brush collection and hauling
Waste and refuse collection and hauling
Hazardous waste collection and hauling
Radioactive waste collection and local hauling
Recyclable material collection and hauling
Removal and hauling of rubble, construction and demolition debris
Waste transfer station operation
Municipal solid waste (MSW) collection and hauling

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 and non – hazardous waste collection and disposal services in the whole of Dover – Delaware and neighboring cities.
Our mission is to ensure that we build a successful waste management company that will operate in the whole of the United States of America; a company that will grow to become one of the top 10 waste management companies 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 (waste truck drivers, professional cleaners and back office staff) and some of the available driving roles will be handled by qualified contract drivers.

Adequate provision and competitive packages has been prepared for all our employees. At Thomas Parker® Waste Management Company 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 stakeholders (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 Thomas Parker® Waste Management Company;

Chief Operating Officer (Owner)
Admin and HR Manager
Transport and Logistics Manager
Marketing and Sales Executive (Business Developer)
Accountant
Hazardous and Non – Hazardous Waste Operators / Cleaners
Waste 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.
Creates, communicates, and implements 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
Creates, communicates, and implements 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

Responsible for coordinating drivers, vehicles, loads and journeys
Responsible for operating IT systems
Responsible for negotiating and agreeing contracts
Responsible for developing and confirming schedules
Responsible for planning for and negotiating technical difficulties
Responsible for preparing paperwork for regulatory bodies
Responsible for liaising and managing staff
Responsible for implementing health and safety standards
In charge of planning routes and load scheduling for multi-drop deliveries.
Responsible for booking in deliveries and liaising with customers.
Responsible for 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.
Directs all transportation activities.
Develops transportation relationships.
Responsible for monitoring transport costs.
Deals with the effects of congestion.
Confronts 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.
Defines job positions for recruitment and managing interviewing process
Carries 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.
Oversees the smooth running of the daily office activities.

Marketing and Sales Executives (Business Developers)

Identifies, prioritizes, and reaches 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.
Writes 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
Develops, executes and evaluates new plans for expanding increase sales
Documents all customer contact and information
Represents Thomas Parker® Waste Management Company. in strategic meetings
Helps to increase sales and growth for Thomas Parker® Waste Management Company.

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

Waste Truck Drivers

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

Waste Collectors and Cleaners

Responsible for handling core services such as, ash and brush collection and hauling, waste and refuse collection and hauling, hazardous waste collection and hauling, radioactive waste collection and local hauling, recyclable material collection and hauling, removal and hauling of rubble, construction and demolition debris, waste transfer station operation, municipal solid waste (MSW) collection and hauling amongst other related services
Handles 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 HR manager in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to potential clients when they make enquiries
Receives parcels / documents for the company
Distributes mails in the organization
Handles any other duties as assigned by the human resources and admin manager.

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.

Thomas Parker® Waste Management Company 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 Collection 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 Thomas Parker® Waste Management Company.

Strength:

Our strength is centered around strong management, strong fleet operations, our waste collection network serves some of the largest population centers in Dover – Delaware, 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 Dover – Delaware; 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 experts in the waste collection services 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 waste management company, 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 waste collection and disposal company in the United States are new services, new technology, and of course the opening of new markets.

We are centrally located in one of the busiest industrial areas in Dover – Delaware 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 Dover – Delaware.

The truth is that there are no standard and well – equipped waste management companies within the area where ours is going to be located; the closest waste management 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 Thomas Parker® Waste Management Company 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 collection services industry- especially in the United States and Canada is indeed dynamic and at the same challenging.

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

Latest trends show that the Waste Collection Services industry has benefited from the recovery of the industrial, construction and commercial business sectors. As these sectors expand, it is natural for them to produce more waste. So also, steady demand from the residential market has helped stabilize the overall revenue generated by the waste collection services industry.

Lastly, 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

Before starting our waste management company, we are certain that there is a wide range of both corporate and individual clients who cannot successfully dispose their wastes without hiring the services of a standard and licensed waste management company like ours.

We will ensure that we develop strategic pacts with corporate organizations, and household et al. This will give us several options to generate revenue for our company. In view of that, we have created strategies that will enable us reach out to various corporate organizations and households who we know can’t afford to do without our services.

We have conducted our market research and survey and we will ensure that all our waste collection services are well accepted in the marketplace. Below is a list of the people and organizations that we have specifically market our services to;

Construction sites
Farmers
Dry Cleaners
Printing Companies
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, Thomas Parker and our management team. Thomas Parker® Waste Management Company no doubt is a new waste management 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 waste collection network and excellent relationship management, strong management, strong fleet operations, our waste collection and transportation network serves some of the largest population centers in the Dover – Delaware, our size advantages, cost advantages, 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 and non – hazardous waste by making use of small trucks and also big conglomerates who are involved in massive generation of hazardous and non – 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 waste management companies 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

Thomas Parker® Waste Management Company 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 source of income in the waste collection services industry. Below are the sources we intend exploring to generate income for Thomas Parker® Waste Management Company;

Ash and brush collection and hauling
Waste and refuse collection and hauling
Hazardous waste collection and hauling
Radioactive waste collection and local hauling
Recyclable material collection and hauling
Removal and hauling of rubble, construction and demolition debris
Waste transfer station operation
Municipal solid waste (MSW) collection and hauling

10. Sales Forecast

We are well positioned to take on the available market in Dover – Delaware 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 Dover to other cities in the state of Delaware.

We have been able to critically examine the waste collection 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 projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in the United States of America.

Below are the sales projection for Thomas Parker® Waste Management Company, 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 waste collection and 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 Thomas Parker® Waste Management Company 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 waste collection and disposal services.

Thomas Parker® Waste Management Company 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 Thomas Parker® Waste Management Company.

Our goal is to grow Thomas Parker® Waste Management Company to become the leading waste management company in Dover – Delaware 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 collection services industry.

Thomas Parker® Waste Management Company is set to make use of the following marketing and sales strategies to attract clients;

Introduce our waste collection and disposal business by sending introductory letters alongside our brochure to corporate organizations who into manufacturing, oil and gas refineries, photo labs, households and other key stakeholders in Dover – Delaware
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 waste collection and 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 from 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 Dover – Delaware 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 Dover – Delaware and beyond which is why we have made provisions for effective publicity and advertisement of our waste management company.

Below are the platforms Thomas Parker® Waste Management Company intend leveraging on to promote and advertise the 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 BillBoards on strategic locations all around Dover – Delaware
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 Thomas Parker® Waste Management Company 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 waste collection trucks are well branded with our company logo et al.

12. Our Pricing Strategy

Thomas Parker® Waste Management Company has a lease arrangement with various companies and the company’s pricing is based on miles per thousands of tons of waste collected and 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

The payment policy adopted by Thomas Parker® Waste Management Company LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Thomas Parker® Waste Management Company will make available to her clients;

Payment via bank transfer
Payment with cash
Payment via online bank transfer
Payment via mobile money
Payment via Point of Sales Machines (POS Machines)
Payment via check
Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for waste collection and disposal services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

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 waste management company; it might differ in other countries due to the value of their money. However, this is what it would cost us to start Thomas Parker® Waste Management Company in the United of America;

The total fee for incorporating the business in the United States of America – $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 waste collection trucks in Dover – Delaware for 6 months (Re – Construction of the facility inclusive) – $150,000.
The amount required to finance the purchase of the first set of waste collection trucks – $100,000
The cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): $5,000
The cost for 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 for launching our official website: $600
Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $2,500

Going by the report from the market research and feasibility studies conducted, we will need about three hundred and fifty thousand (350,000) U.S. dollars to successfully set – up a medium scale but standard waste management company in the United States of America. Please note that the salary for the payment of staff members for the first 3 months is included.

Generating Funds/ Startup Capital for Thomas Parker® Waste Management Company

Thomas Parker® Waste Management Company is set to start as a private business that will be solely owned by Mr. Thomas Parker and his immediate family members. 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 $100,000 (Personal savings – $80,000 and soft loan from family members – $80,000) and we are at the final stages of obtaining a loan facility of $250,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Thomas Parker® Waste Management Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our waste collection and disposal services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Thomas Parker® Waste Management Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

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 and non – hazardous waste disposal equipment: In progress
Renting of Office Facility (Parking Yard for our waste collection trucks) in Dover – Delaware: 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