I was planing on buying a recycling machine (makes plastic pellets) and start a business, I live in a small country (50k people) and there is no one that is in this business, so I would be the only one.
Can someone give me any tips and is this kind of business worth it?
If anyone can relate or has a similar idea, go ahead and share with us
No i don't think so, and if so, then its a small amount, I was thinking about shipping it out of the country.
I was thinking about if 50k people are enough to produce garbage to make a recycling business successful
you want glass or metal recycling, plastic recycling loses money at a high rate unless subsidized and you dont have the political clout or the country size to get that
chances are there are already people recycling those goods though, since they can actually be made profitable
getting your dick wet with government cash is one of the best possible ways of making a fortune, since governments waste money so thoughtlessly
the problem is you simply will not be able to make it happen. you need political connections to make backdoor deals to get you signed. being some nobody isnt going to make it happen.
allright, geting some political connections would not be that hard, cause our country is so small, and every one knows somebody, so that could be a start.
But my biggest concern is that failing at start up. and if i start to small, and people see this can be a profit, and they would join in and that would be bad
your biggest concern should be getting any kind of support at all and being able to raise the initial capital for the machinery which is an enormous upfront cost, not to mention the nightmare of labor and contracts which I assume you have no knowledge of or are equipped for in any way
yeah, it would be a challenge. im 24 years and I don't have any money and in school (machinist).
I would struggle with getting money, and I don't know anything about contracts or any paper work
Any way, i do have alot of ideas about different businesses, but i don't know which to pick.
for example: stands for Electric cars, Worm farming, maybe buying electricity at night and storing it in a battery, and selling it in the day (that is if prices change, now its the same price day and night for the KW/h)
or starting a business where I wash oil tanks on board ships (this I have worked with before)
The tank washing is a good way to get money, but it probably won't pay well.
Maybe start selling the faroese traditional knitting on ebay?
Otherwise, the main industries are going to be farming and fishing, and trades supporting that.
If you really want money, I'd suggest washing boats until you can afford a ticket off that freezing rock.