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The Sport of Business

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    Scrap808 is offline Metal Recycling Entrepreneur
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    #1: On Competition

    All of us compete with other scrappers in some way or another. I think we all have dreams of expanding our businesses. And our competition is one giant hurdle that we need to jump over;



    "Always ask yourself, how someone can preempt your products or services. How can they put you out of business? Is it price? Is it service? Is it ease of use? No product or service is perfect and if there are good competitors in your market they will figure out how to abuse you. It's always good to anticipate where the problems will come from."

    And related to that;

    "Always run your business like you're going to be competing with the biggest companies in your industry. They may not be direct competitors. They may be a vendor. They may be both. Whatever they are to your business, if you are in the same industry in any way, shape, or form you have to anticipate that you will compete with them at some point. If you are ready to compete with the big guys, you are ready to compete with anyone else."

    Both of these hold true for us. In Hawaii, we compete with other scrappers, the scrap yards that buy our scrap (clients can just as easily take it down themselves), BestBuy (free ewaste drop-off), Office Depot (same thing), the City and County (customers can legally throw everything away here), and countless others. Even CFCS, whom a lot of people here use, is a competitor. He buys a lot of our goods and a lot of people here are dependent on him and I personally love the service he provides us with. But customers can just as easily sell to him without you. So whether its customer service, efficiency, accounting, or what have you. If you are hoping to expand your scrapping operation, you need to run it as if you are in direct competition with ewasted, WasteManagement, 1800gotjunk?, and even your own scrapyard. No matter how small your operation is, these are all your competitors on top of other scrappers.

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