| Date Submitted : |
September 01, 2009 |
| Topic / Subject : |
Recycling Economics |
Message : |
Today’s economic climate is one of cost cutting. When companies and organizations look to save money, they look everywhere. They normally do not see how recycling can help their business. Once they start recycling, they could see how cost-efficient recycling is. Good public relations are also a huge concern in today’s market. By recycling, a company can get good public relations without having to spend a lot of money.
Always there is the stigma of upfront costs for recycling bins. Recycling can actually save an organization money in time. Durability can help you to see a return on this investment in time; however it is dependent on the strength and quality of your recycling bin once you have purchased it.
This is especially true in recycling aluminum soda cans. An example of this is would be to say you buy a recycle bin for 50 dollars and the price of aluminum per pound is 30 cents. It would take you 166 pounds of aluminum to get a return on your initial investment. However if the bin only lasts you a year, it is doubtful you would be able to make a long-term return. This would be especially true if you owned a small business that would not necessarily collect that much aluminum in a short period of time.
You would need to place a value on the recycling station you purchase and whether or not you need to get a bin that is durable or one that is dirt cheap. This could depend on a number of employees and your workplace habits.
Saving money is a goal for all organizations in this economy. Recycling is not a place to make money, but it can save money if it is done with the long term in mind. So the purchase of recycling receptacles should be done in a responsible and long term manner to show your business as one who cares for the planet’s future and its own future.
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