The Pros and Cons of Starting a Composting Business
With a growing environmentally friendly mindset, many people are starting to view waste in a new way. It is why composting is no longer a method of disposal solely used in rural areas; it's becoming a common way to manage waste and produce a usable product, creating a viable business opportunity.
The Pros of Starting a Composting Business
If you are interested in starting a green business with a lot of growth potential, a composting business might be a great fit for you.
Here are some of the benefits of starting a composting business:
- Recycling materials rather than sending to a landfill is better for the environment.
- A composting business is relatively easy to establish.
- The start-up costs are minimal.
- You may be eligible for tax incentives for owning a green business.
- There is a growing demand for organic material.
- Your target markets are easy to identify, including gardeners, gardening, and landscape companies.
- Your business can be home-based.
- You can operate locally and by Internet mail order.
- You have the potential to create a dual revenue business (inflow of raw materials; outflow of finished product).
The Cons of Starting a Composting Business
Some of the challenges that come with starting a composting business include:
- You will need sufficient land and storage space to create a composting site.
- You may have challenges with shipping and finding appropriate compost carriers.
- Some degree of scientific knowledge, training and/or research is necessary.
- You may need equipment such as a truck for deliveries and storage bins, packaging, etc.
- It is very physical work, so you will need to be in good health, with a strong back for heavy lifting.