Paper presented International Conference on Data Science and Analytics - ICDSA'21 organized by Rathinam College of Arts and Science, Tamil Nadu, India on 19th February 2021

1. Application of principles of Business Economics
using Big Data Solutions- A startup business plan
Shijo P
3rd
year B.Tech, Department of Information Technology,
Hindustan Institute of Technology and Science,
#1,IT Expressway, Bay Range Campus, Padur, Chennai–
603103, Tamil Nadu, India.
18132020@student.hindustanuniv.ac.in
Dr. C.V. Suresh Babu
Professor, Department of Information Technology,
Hindustan Institute of Technology and Science,
#1,IT Expressway, Bay Range Campus, Padur, Chennai–
603103, Tamil Nadu, India.
pt.cvsuresh@hindustanuniv.ac.in
Abstract— This study is to develop a business plan with a
purpose to address an environment issue with a proposed BIG
Data solution which uses the basic principle of Economics.
Keywords— Big data, Economics, Paper recycling, Startup,
Technology
I. INTRODUCTION
The paper that we use is usually a biodegradable waste
which will easily be decomposed with the passing time. within
the present times there has been an enormous usage of paper.
Nearly everywhere we go we will easily see papers around.
Some basic usage of paper includes newspapers, books, text
copy, pamphlets, posters, magazine papers, calendars, and lots
of more.
II. RATIONALE BACKGROUND:
Paper recycling has been hugely adopted lately by every
country so as to save lots of the lowering of trees. The
advantage of recycling isn't only that it saves lowering of trees
but also reduces and reuses paper waste that might have
created a multitude within the atmosphere. there's unique
advantage of recycling paper because it is useful in some
ways. to supply one A4 size paper nearly 5 litters of water is
required.
III. OBJECTIVES
The start-up collects all recyclable items including
plastics, aluminium, iron, paper, books, glass then on.
While the ‘junk’ from your house is going to be collected
during a hassle-free manner, ‘art’ is that the technology-
friendly creative touch they provide to eliminate scrap in
exchange for a few valuable cash.
User can get paid in cash or Paytm Wallet. Customers even
have the choice to donate the cash to an NGO that's engaged
with the corporate.
On placing an order, the closest scrap dealer related to the
start-up will come to your house and collect the discarded
items.
Keeping complete transparency, the start-up gives rate
cards on its website displaying the cash each scrap item will
fetch.
IV. REVIEW OF LITERATURE
The world market of paper is extremely huge and is in
billions. Paper is formed using the pulp from trees. As of 2011,
398, 975 thousand plenty of paper is produced per annum.
during this article I’m sharing profitable business plan for
paper recycling business. If you would like to start out your
own paper plant then read this text till the very end, you'll get
all information about margin of profit during this business and
price of fixing a paper plant.
China ranks at favourite spot within the production of
paper. The US is at the second spot and Japan is at the third
spot. The paper manufacturing industry is extremely huge and
features a turnover of billion dollars per annum.
V. PROPOSED METHODOLGY
Paper recycling business may be a flourishing business that's
giving huge returns to its owners. there's abundant demand of
recycled paper as they're cheap. If one plans down a technique,
executes it and invest a good amount of capital then one can
get a satisfying return within no time. to get down a business
plan you would like to know the fundamentals of recycling a
business, its requirements, investment, and return then on.
Here may be a strategic and brief plan which will assist you in
your paper recycling business.
Paper Recycling Business Plan:
The plan will carry all the small print of how your paper
recycling business are often opened, executed and run
successfully with satisfying return. Here are few belongings
you got to care about.
 cost of fixing a paper plant
 Requirement of total capital
 Arrangement of capital
 Time investment
 Strategy for successful recycle business
 Profit margin
 Return on investment
Land Space and Factory:
The First basic requirement may be a place where you'll
recycled paper. If your house allows you to setup your plant
then it's okay otherwise you got to get an honest space where
you'll set your factory. counting on the size of recycling you'll
own or rent that space. The minimal space should be near
240sq. feet. The space should be closed with rooms for
collecting paper waste, a cleaned room for keeping the
recycled paper, an area to setup machines then on.
Requirement of Resources:
The Basic amenities are required everywhere. you would like
to possess permanent standard power reference to stable water
system. The paper plant requires huge amount of water
therefore you would like to possess that provide. Your plant
shouldn't be that far that transportation becomes a drag
because you would like constant supply of paper for you
recycle plant.
Required Official Permissions:

2. Since you're opening a recycle plant therefore you would like
to possess permissions from the concerned authorities in your
city. You furthermore may get to pay taxes of your space
under commercial space. subsequent thing is registration of
business followed by GST registration for payment of tax.
Since you'll use huge power therefore special permission
should even be taken. The last one is water system connection
which you want to definitely take as your water requirement
are going to be huge.
Equipment for Recycling:
To recycle the paper, you would like some standard equipment
like washing soap, cleaning equipment, chlorinated lime,
tanks, containers, machines, jets, paper printer, etc.
Paper Recycling Machine:
There are three sorts of machines for recycling paper. First is
that the small type machine that recycles 20-100 kg of paper
per hour. The medium size machine recycles 75-250 kg of
paper while the massive machine recycles 100-500 kg of
paper waste. counting on your requirement and budget you'll
purchase the machine. it might be advisable to start out with
small machine and afterward choose medium and enormous
machine because it will assist you in understanding the
business supply and returns.
Waste Paper Collection:
You can network with scrap collectors, paper waste owners,
dumping grounds then on to gather paper.
Labour and Expert:
You need a minimum of one that is expert in paper recycling
and with major machines and equipment. you furthermore
may need few labours which will assist the most worker
within the recycling job.
Other Requirements
This includes paper packaging, place to store paper, later job
of printing, labelling, transporting then on.
Cost of fixing a recycling plant:
This business plan is additionally valid for other countries like
South Africa, Australia, USA, UK, Canada, etc. the value of
machine is almost same everywhere and recycling process is
additionally same.
Renting or owning of place counting on size varies from place
to put which one can calculate. the higher option in starting is
to rent an area or use an existing place owned by you because
it will reduce investment. paper collection doesn’t cost much.
Nearly 4-5 rupee is spent to shop for 1kg of paper.
Purchasing equipment is expensive which should best be
rented on monthly basis which is definitely available if you've
got contacts. Recycling machine may be a costly thing to have
which should best be owned. Start with a little machine that
costs around 3-5 lakhs while the medium costs at Rs 5-10
lakhs and therefore the large one costs Rs 10-35 lakhs.
Hiring expert technician and labour will cost you Rs 30-40
thousand per month. you'll add electric charges, water charge,
transportation and other expense also. a complete of a
minimum of Rs 10 lakhs is required for the primary time in
fixing your business. Later you've got to spend a minimum of
1-1.5 lakhs per month.
Arrangement of Capital:
You can take loan using Mudra Yajna started by this Union
Government in India. you'll take Rs 10 lakh loan to start out
your business. aside from this, you'll also take loan from other
banks. If you would like to open it as a start-up then you'll
avail 3 year enjoy taxes and charges. you'll finance your
business, open with partnership to ease the capital
requirement.
Time Investment:
It would take a minimum of 2 months to start out your paper
recycling business. From arranging land, building your
factory, fixing your machines, hiring resources, experts and
labours, networking with paper suppliers and sellers,
transportation, required permissions then on. you'll start to
urge returns only after 4-6 months since the starting of your
business.
Strategy to Run Successful Recycling Business:
The first thing you ought to confine mind to take a position a
good amount but not much in starting. Setup a little machine
rather than big one. Rent most of your resources and
equipment. Network with people that can supply your paper
at low cost. Hire an expert which will assist you in recycling
your paper during a standard way. Create a network of sellers
where you'll sell your recycled paper. attempt to sell it on to
big companies in order that you get huge returns.
In starting you ought to specialize in starting with small
production because it would require less investment. With
time you'll carry over your business supported returns.
Contact with best suppliers and sellers in order that you'll
purchase paper in less amount and sell the recycled paper in
high amount.
VI. SCOPE OF FURTHER DEVELOPMENT
Strategy to Earn More Money: recycle paper and
manufacture other products like paper plates for more profits
How are you able to earn extra money recycling paper?
How can your return increase? The simplest thanks to
increase your return is to form the simplest use of recycled
paper and paper. Every paper isn’t dirty and useless. There is
certain quality of paper like textbook paper, text copy paper,
and plastic-coated paper in magazine which will be wont to
manufacture paper plates. You simply got to have a plate
manufacturing machine. Using that you simply can easily
manufacture 1000s of plates each day which may be sold at
higher cost. a typical plastic-coated plate is sold at Rs 20-25
per 100 pieces while a traditional plate is sold at Rs 10 per
100 pieces.
Apart from this, you'll also manufacture paper boxes that
are durable and are made up of standard and tiny hard paper.
Boxes want to store sweets also can be manufactured as
they're simple to manufacture and price less in manufacturing
but give profitable returns.
VII. SUGGESTION AND CONCLUSION
Your Return of Investment will depend on how you devised
your strategy within the recycled business. The primary return
on investment can start after 4-6 months after the fixing of the
plant.
If you've got made good network then your sale will rise then
will your return. attempt to manufacture standard papers in
order that it is often sold to plain companies which will offer
you fair return. If you're getting good market then you'll setup
larger machines to manufacture and recycle more paper. you'll
sell a ream of paper of A4 size easily at Rs 75-100 while
selling 10, 000 paper plates can offer you 1000 Rs per day.

3. Your return is going to be measured only after 1 years since
the starting one year will fancy build your business. you'll
easily earn Rs 10-15 thousand per day in your recycling
business adding up your recycled products also. All will
depend upon the standard, quantity of paper you manufacture
and therefore the market of sale you've got.
ACKNOWLEDGMENT
We thank all our Faculty members of our Department and
our classmates and other anonymous reviewers for their
valuable comments on our draft paper.
DISCLOSURE STATEMENT
No potential conflict of interest was reported by the
authors.