Wala

Junk shop is considered by many as a dirty business, I mean it literally, but this is a lucrative business that generates a lot of money both for garbage collectors and junk shop owners.

The junk shop business is most relevant today considering that the government has promoted environmental awareness among its citizens, expressing the need for proper waste disposal and recycling of materials as a major factor in protecting the environment.

As such, business of this nature has developed into a small scale industry. At a glance, one can not immediately see the profitability of this business but in fact that junk shops continue to exist is proof enough. The proliferation of junk shops in many localities attests to the stability of this small scale industry.

The introduction of new materials such as plastic and aluminum containers replacing the old kind have expanded the items now considered in the business unlike before wherein old newspapers, glass bottles and metals are the main concern. From the simple and ordinary galvanized iron and brass steel products, copper, aluminum and plastic use more as an alternative, has taken the limelight.

And so we can say that this enterprise which is actually a simple buy and sell business is here to stay.

Registration and Permits

In whatever type of business one intends to venture into, legally is a must. The licenses coming from the concerned government agencies should be acquired prior to operation. Below is a list of the said agencies.

* Department of Trade and Industry (DTI) – Business Name Registration

* Bureau of Internal Revenue – Taxation Purposes

* Barangay Certification

* Local Government Unit (City/Municipality) – License to Operate

Capitalization

Since the project is a trading/buy and sell business, the initial capital investment required is not that much compared to other similar trading businesses. Suggested minimum initial capital investment should be at least P1500,000.  It is highly...