Pros:
1. A paper recycling business can provide an environmentally friendly service that helps reduce waste and conserve resources.
2. You’ll be able to help organizations, businesses and individuals reduce costs associated with disposal fees for their non-recyclable paper waste.
3. Compared to other business models, the start-up costs of a paper recycling business are relatively low.
4. You can create jobs and help to stimulate the local economy.
5. As long as you have access to an efficient transportation system, you’ll be able to transport large amounts of paper from various locations to your recycling center.
Cons:
1. You’ll need to invest in equipment such as balers, grinders and shredders and you’ll need to have reliable sources for purchasing raw materials.
2. There are always fluctuating prices for scrap paper which can affect the profitability of the business.
3. You’ll need to spend time and resources developing with organizations, businesses and individuals who can you with paper waste on a regular basis.
4. Depending on the type of paper that you are collecting, there may be certain regulations and laws that you must follow in order to stay compliant with local authorities.
5. You may need to hire personnel for sorting, baling and other labor intensive tasks. This can add additional overhead costs to the business.
6. There could be competition from other paper recyclers in your area, which can limit the available resources that you have to work with.