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Waste As Income: Boosting Profits With Creative Waste Disposal
- By Christine OKelly
- Published 08/12/2009
- Environment
Christine OKelly
View all articles by Christine OKellyBusiness is all about the bottom
line. You can have the greatest product innovation, the most desirable service
and a huge customer base and still lose money if your expenses exceed your
income. It's basic Economics and there is no way to get around that simple law
of financial physics.
As a manufacturing firm,
overhead and variable costs must be closely monitored to maximize profit. One
sizable expense that is often overlooked as having room for improvement is
waste disposal and waste income. Waste
as income? In these days of expensive natural resources, waste is the new
resource for many industries.
Instead Of Paying For Disposal, You Can Profit From Recycling
Trash collection and disposal
can be prohibitively expensive. Not only does the process consume man hours,
facility space and financial resources, trash collection and disposal is
extremely wasteful (no pun intended). Virginia Mason Hospital, in Seattle,
reports spending $20 per ton to recycle as opposed to $165 per ton for waste
disposal simply by recycling half of their waste materials, for an annual
savings of over $170,000!
Their project began with a
simple request from environmentally-minded employees who requested recycling
bins. Inexpensive recycling
containers were brought in and the recycling began. Administrators realized
very quickly that the conscientious use of recycling bins by their employees
was resulting in increased income for the hospital! The minimal cost of renting
bins for recycling was trivial in comparison to the savings, not to mention the
public relations benefits.
Selecting Your Service Provider
Recycling has become big
business and there is plenty of competition in the market. Gone are the days of
unattractive 50-gallon drums overflowing with newspapers and plastic water
bottles. What started as a grassroots environmental effort has become a
multi-billion dollar business. You can order custom-designed
recycling containers that match your use, your décor and your budget.
Regardless of the service
provider you select, you will greatly reduce your waste disposal costs.
However, when shopping for a recycling service provider, look for businesses
that offer a variety of materials for your bins for recycling. Your recycling
bins can be made from new plastic, recycled plastic "wood", steel or
fiberglass. Recycling bins come in a wide range of sizes and your provider
should offer recycling bins with an opening for each type of recyclable
material.
Benefits Available To Many Business Types
The use of recycling bins can
benefit nearly every type of business, academic or civic organization. Not only
does recycling help maintain the livability of planet Earth for everyone, but
recycling can significantly reduce waste collection and disposal costs while
generating an income. Certainly a win-win situation for everyone, landfill use
is reduced, costs are cut, profit is increased and good will expands many fold,
both on and off the books.
Employing bins for recycling
requires little to no extra space and increasing the ease with which employees
can use recycling containers greatly increases participation rates, resulting
in greater cost savings and increased income.
