Whenever people think about starting a business, a recycling business in Dubai is not one of their top priorities most of the time. People don’t want to get identified from such an identity, and people rarely think about such ideas. No matter how much money one can make, people never consider this topic. But one thing that needs to be clear is that this mindset is wrong. Setup waste management and recycling business is flourishing in Dubai like never before.
The overall world recycling business is estimated to be 50 billion USD. The UAE, predominantly Dubai, is the best place to start such a business when waste generation has increased. Below discussed is the detailed guide on how you can do so.
Understand The Reasons For Starting Such A Business
Because of a rapidly growing population and increased economic activities, the waste generation in Dubai and UAE has also increased. Most waste and litre are discarded in unknown landfills and huge dumpsters. They undergo various decomposition procedures, resulting in the production of Methane Gas which is also known as the greenhouse gas and results in the Green House Effect. This contributes to severe environmental damage and ozone deletion. This is the reason there is a high demand for setup waste management and recycling business.
Right now, the government of the UAE is in charge of managing waste, but they are reducing the areas required to run the waste management activities per capita. So, if you think you can resolve this problem, you should step up.
Possible Ways Of Regulating Waste Management Business In Dubai
A waste management company setup requires regulation. If you are stepping up, you must first know how to regulate Dubai’s landscape. You need to know about the following governmental regulations.
- Executive order of federal law number 24 o 1999for regulation of handling medical waste, hazardous material, and hazardous wastes, issued by cabinet Decree no 37 of 20001.
- The Local Order No 61 of 1991 on the Environmental Protection Regulation in Dubai.
- Executive Council Resolution 58 of 2017 approves the fees and fines for Waste Disposal in Dubai.
- Local Order No 7 of 2002 on the Management of Waste Disposal Sites in Dubai.
Procedure For Setting Up Waste Management Business In Dubai
The procedure for setting up a recycling business in Dubai is not that difficult. You have to follow the following steps, and then you will be good to go.
- First, you must apply for a business license in Dubai according to the business category you will start.
- Secondly, you must get DED’s legal permission to start the required business.
- Thirdly, you will have to pay the required fees according to the nature of your business.
- Now, to get the NOC, you will have to approach the municipality department.
Now you are good to go with a new business that will help you gain success and fame but also help the environment and protect it from harm.
Another essential thing you need to consider is keeping your business’s location accessible and close to the residential areas. So, it is easy for you to manage your activities. It is also suitable for optics.
Things To Consider Before Starting The Business
Below mentioned are some of the elements that you need to consider before you start your business.
- Area of Focus in Your Business
The foremost thing to consider is the area of focus in your business. Before starting your business, you need to analyze which parts of Dubai are generating more waste and where you need to focus more. Doing so would make it easy for you to organize your business once you start. It will also help you work efficiently.
- Know your Business and Investment Budget
You have to have an idea of your budget and an idea of where you stand financially. Once you know that, it would be easy for you to invest further. When you keep track of your investment budget, it helps you to set your yearly goals for your business. This will also make it easy to achieve your yearly goals quickly. Once you know where you stand financially, everything gets easy.
- Make An Effective Business Plan
Making a business plan should be your first and foremost priority in starting a business because it is difficult to manage everything without a business plan. You need to analyze everything, create some plan categories, and then plan them individually. It will also be convinient for you to alter them when needed.
- Marketing strategy
- Financial planning
- Company’s Description
- Product and services
- Budget and executive summary
- Find Space for Business
One of the most essential steps to ensure and a task is to determine where your business will be located. It would be best to find a perfect spot that is neither too close nor too far from the residential area. Now one crucial mistake that people make is that they forget to keep their budget under consideration while looking for a spot for the location of their business. If you go over budget, you won’t have enough finances to support other business departments.
- Method of Launching
Now, the last step is to introduce and launch your business. These are technology-based days, and it is crucially important to have an online presence. First of all, you have to launch your business online and introduce it to the internet. Then you have to create an office space which should be very professional. Then you have to do some marketing, and at last, you will have to ensure that you are hosting some events.
Wrapping It Up!
The waste management company setup is neither daunting nor a piece of cake. If you desire to take a step up and start this business, then all of the steps mentioned above and points are crucially important. If you follow them, you will be good to go.