How To Start a Water Harvesting Business and Plan – Entreprenuership ideas
Water is scarce these days. The only mindful thing to do is to preserve it through harvesting. Rainwater harvesting is a process where you simply collect rainwater hence garnering it for later use. To understand why do we need to harvest rain water, here are few key points:-
- To arrest ground water decline and augment ground water table
- To beneficiate water quality in aquifers
- To conserve surface water runoff during monsoon
- To reduce soil erosion
- To inculcate a culture of water conservation.
- Helps you cut down on your water bills (especially in cities where people have to buy water).
- To reduce demand on the municipal water supply.
- Makes efficient use of a valuable resource.
- Reduces the possibilities of the occurrence of natural calamities such as floods. *
- Prevents the contamination of ground water. Thus, rainwater harvesting is the need of the hour.
Nowadays, government has made a rule that rain water harvesting and sewerage treatment plants be provided in all the buildings that we construct. So there is a high probability of success in the field.
The Centre for Science and Environment (CSE) Delhi – India, offers a five day certificate course on rainwater harvesting. The course covers topics such as principles, components, planning and designing among others. You can take up courses like this to know your trade better. It will also gives you a chance to meet and interact with the experts and professionals in the field of rainwater harvesting. The total cost for the course is around Rs 8,800.
Analyze the technicalities
Make a thorough investigation of the equipment used in water harvesting. Co-working with an engineer would prove beneficial; or you can hire an engineer. Know what you are venturing into. Analyze the market for demand and competition. You can choose to be a complete system supplier providing consultation, design, and construction for a wide range of rainwater harvesting systems for both residential and commercial sector. You can also consider tying up with reliable rainwater harvesting equipment suppliers.
Water Harvesting – Business Plan
Factor the labor expenses, engineer expenses, machinery expenses, legal and registration expenses, income and sales tax issues, permits and licenses, the goal of your company, your investment options (whether you will be applying for a business loan or get capital form a private investor), the name of your company (make sure you choose your name wisely; changing names in a business later on is not a very wise option as it is time consuming and expensive.
Apart from the usual costs required to set up a business in India, it costs around Rs. 5,000 to set up a roof-based RWH system, inclusive of the cost of materials and labor, on an average. This could vary depending on the size of the building. Whatever is the size, you need a maximum of Rs. 1 lakh to start this business.
As suggested earlier it is vital to enquire about the legal and registration process, permits and licenses for any business. You can open a rainwater harvesting company in your home; you can have a home office – apply for the required permits. Laws usually require home-run offices to have a permit.
Go on, harvest water, harvest money!
Contact our Business consultants for more about How To Start a Water Harvesting Business and Plan