Brand New Plan / Full Time Scrap Business

I am slowing down for the year in the construction and have lost my passion for dealing with the insanity of the business. It is time for some new insanity. My plan is to shift gears and go into Hauling, e-waste, and metals full time.

It is Black Friday and I started last night making plans and posting a few ads. Already had a few calls.

The Purpose of this thread

1. Post my goals, this creates accountability for me to achieve results.
2. Help scrappers become more successful by sharing information.
3. Track my results and get input from the seasoned veterans.


Goals

* Make $1,000,000 in the next 5 years
* Open Retail Buying Location by March 1st, 2013
* Create Donation Bins Program for in-store drop offs
* Become R2 Certified
* Create Fundraising Donation Program.



I am working out the Marketing Plan now. I wil post my methods of advertising and marketing as well as the results. I am going to keep things real simple as it it impossible to get complicated with my budget. Essentially I will be starting with very limited funds. What I am going to do is take what I have to the yard on Monday and that will be my entire budget. LOL. I know the power of a motivated individual and what I can achieve. Working from my basement coal cellar workshop and kitchen table I start upon the path of creating something. Time wil only tell what happens once the excitement wears off and the exhaustion comes on strong.

Look back for updates.

Good luck Geiser

Thanks Bear.

Originally Posted by mikeinreco

Lofty goals...............is that 1 million in 5 years???...................Either way i guess if your ambitious enough it can be done!!! GOOD LUCK!

Lofty goal yes, unreachable no. I have a well developed plan that I have been modifying and revising for a year now. Once I put the next revision on it and get it proof read and printed I will post it on here for all to see and critic. Diversification is the key, scrap metal, e-waste, and hauling should put me right where I want to be.

I am looking into acquiring some capital from investors. Once I get that in place I should be in a position to create some explosive growth.

Originally Posted by Geiser093

Lofty goal yes, unreachable no. I have a well developed plan that I have been modifying and revising for a year now. Once I put the next revision on it and get it proof read and printed I will post it on here for all to see and critic. Diversification is the key, scrap metal, e-waste, and hauling should put me right where I want to be.

I am looking into acquiring some capital from investors. Once I get that in place I should be in a position to create some explosive growth.

My GC license is growing mold right now as well and I did what you are proposing. The biggest thing I can recommend is to find which niche you fit into best and concentrate on that. I've tried to "do it all" and just cant keep up. If I'm hauling all day, I cant do marketing or tearing down of equipment. If i'm locked up in my garage then my truck sits idle while someone else gets the goods. At some point you have to step back and see what you want to be doing. Obviously your plan includes hiring labor or getting a partner (or investor). The sooner you figure out what role you want to concentrate on the better. Personally I like driving around in my truck and knocking on doors/handing out cards to businesses. But to make the million $ mark you have to have help (and pay for it somehow!).

Originally Posted by shendog

My GC license is growing mold right now as well and I did what you are proposing. The biggest thing I can recommend is to find which niche you fit into best and concentrate on that. I've tried to "do it all" and just cant keep up. If I'm hauling all day, I cant do marketing or tearing down of equipment. If i'm locked up in my garage then my truck sits idle while someone else gets the goods. At some point you have to step back and see what you want to be doing. Obviously your plan includes hiring labor or getting a partner (or investor). The sooner you figure out what role you want to concentrate on the better. Personally I like driving around in my truck and knocking on doors/handing out cards to businesses. But to make the million $ mark you have to have help (and pay for it somehow!).

I have gone the partner route several times. Never, ever, ever, neverever, again. I do a lot with real estate investments and have access to some funding. I just need to put something together and ensure their ROI will be right. This is going to take some doing on my part but I have several very solid ideas.

I wish you all the success Geiser! One thing Iv'e learned from most of the financially sucessful people I know, is this...... "They are all well diversified." Keep the Dream........... You will do it.

Good luck Geiser. It can be done if you want it.

You will need some kind of financial help. Those goals are very steep. Good luck though.

Good luck, i like people that set goals and are motivated. If you need input on maximizing escrap value im your man.

Setting goals and acomplishing them is great way to do things. I set a goal of how much $$$ to make a year scrapping. Every year I raise my goal. 1 million in 5 years is a long shot, but 5 years is also a long time and ya dont know what can happen. Good luck.

Originally Posted by mikeinreco

u know what they say!!!! GO BIG OR GO HOME

Ab So Lute Lee...

I see myself buying property, building a steel building, install a drive on scale, leveraging the scrap and hauling and buying roll off containers, going the retail route and building bins to place in stores. The sweetest part of the whole process will be looking back at when I had one truck with 300,000 plus miles and smiling.

Good Luck, Geiser!

Originally Posted by Geiser093

Working from my basement coal cellar workshop and kitchen table I start upon the path of creating something.

Nothing wrong with starting a business from the kitchen table...Just look at Apple Computer. Good Luck...