Run The Money
Follow Run The Money

How To Start a Hazardous Waste Disposal Business

  • February 10, 2021

If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.

How To Start a Hazardous Waste Disposal Business

If you’re starting your own hazardous waste disposal business, there are many aspects to consider. You should be sure to have the proper equipment, transportation vehicles, and well-trained employees. It’s important to do your research on local, state, and federal regulations as well. You should become an expert on hazardous waste and how to dispose of it. Doing so will ensure your company remains reputable and compliant. Here are more tips on how to start a hazardous waste disposal business.

Select a Field in the Waste Management Industry

Even in an industry as specific as waste management, there are many types of waste that need disposal. Consider details such as your budget and knowledge of the industry to help narrow down what type of waste management you’ll focus on. Some of the options you should look into include toxic waste disposal, medical waste disposal, electronic waste disposal, construction waste disposal, industrial waste disposal, and chemical waste disposal. Consider looking at other waste management businesses and research which ones seem to do well or if there are any that offer disposal of a few types of waste.

Consider the Monetary Investment

When you’re starting any business, there will be specific details to consider and plan for. With waste disposal, you’ll need to calculate the cost of equipment, facilities, employees, transportation vehicles, business insurance, and business promotion. You need to consider how much you can already invest in these facets. Consider if there’s anyone that might want to be a part of your business. When multiple people go into business together, the process becomes a bit easier to accomplish.

Research Your Market

Investigating the market is imperative to start your business correctly. You’ll need to look at things like how the market is going, current prices, and who are your competitors going to be. Once you’ve gathered this information, compare it to your own costs to get an idea of the revenue your business will make. This is where it’s important to look at the niche you’ve chosen and feel out if it’s going to be practical for you or not. If it looks like this niche could be too difficult, there are many other types of waste disposal that you could switch to.

Gather Proper Equipment

A crucial step in how to start a hazardous waste disposal business is to get all the proper equipment. You will need trucks big enough to hold hazardous waste drums as well as tanker trucks for companies that need a large volume of waste picked up. Hazardous waste needs to be retrieved in the correct containers, so it’s good to have a variety of them available. This can even set you apart from other competitors. Most manufacturers use the standard 55-gallon drum, but some may need tanker trucks, buckets, bags, test tubes, or drip pads. Lastly, label your containers with the correct hazardous waste labels, as they will quickly become harder to read with each transfer.

>