How to Start a Tire Recycling Business in south africa page 2

Business Plan

After making a thorough analysis of potential sources of supply and making a list of possible customers, prepare a business plan to determine how to build a profitable business recycling tires. Starting up a tire recycling business requires a considerable investment of funds in equipment, site preparation, trucks and wages….. How to write a business plan

Register Your Business Name

Your business name plays a role in almost every aspect of your business, so you want it to be a good one. Once you have chosen a name for your business, you need to register it. Click here for a step by step guide on how to register your business



Plan Your Finances

Starting a small business doesn’t have to require a lot of money, but it will involve some initial investment as well as the ability to cover ongoing expenses before you are turning a profit.

How to fund your business?

You can finance your business by any or all of the following ways:

  1. Fund your startup yourself.
  2. Pitch your needs to friends and family.
  3. Applying for a Business loan
  4. Finding your business through crowdfunding
  5. Apply to local angel investor

Investors invest into things that they know and understand, only talk to investors who know your industry. Conversations with anyone else are unlikely to be productive. You also want to do some research into your investor. To fnd out What does an investor really want to see from your business pitch read more

Insurance

A tire recycling plant must have adequate insurance coverage. It has safety risks and the potential for environmental mishaps. It needs protection from product liability lawsuits. more about business insurance