OUR LATEST INSIGHTS

Up to date, high-level business information that is relevant to our clients and contacts, helping keep up to date on the ver-changing business world of today.

Cal Wilson / August 20, 2021

We Are Here To Help – Interview with Barrett Johnson of Salos Services

In this episode of We Are Here To Help, Matt Nagy has a virtual conversation with Barrett Johnson of Salos Services. Barrett explains how Salos Services uses their data analytics expertise to partner with businesses and help navigate them towards their goals.

 

 

Cal Wilson / August 12, 2021

Recommendation Letter for Michelle Kay-Scott of Edward Jones, Saugeen Shores

To whom it may concern:

It is my pleasure to write this letter in recommendation of Michelle Kay-Scott. If you’re looking for a passionate and experienced financial advisor in the Saugeen Shores, Ontario area, contact Michelle at Edward Jones.

For over twenty years, Michelle has been a proud member of the Edward Jones team. She specializes in, retirement savings and income strategies, socially conscious investing, wealth protection strategies, and estate and legacy strategies, just to name a few. Her expertise and passion for helping people mean that Michelle truly goes above and beyond for every client she works with.

With access to Edward Jones’ continent-wide network and insights, Michelle has the resources, skills, and motivation to bring you the best solutions and products to secure your financial future. She develops a close working relationship with all her clients, so that she can best assess their needs and goals.

If you’re in the Saugeen Shores area, and you’re looking for solid financial advice you can trust, from someone invested in your future, I am happy to recommend Michelle Kay-Scott.

Sincerely yours,

Miguel Cardenas

Optimization Specialist

Schooley Mitchell

Download.

Cal Wilson / August 11, 2021

Check out Sound Life Solutions!

If you’re looking for a financial representative who will put your family first in the Owen Sound area, Kacie Linn has the skills and services for you. Kacie and the team at Sound Life Solutions are dedicated to helping your family have a plan in place before a crisis, like the death or disability of a loved one.    

 

Cal Wilson / July 28, 2021

Waste Across Industries, No. 1: Why is waste so expensive?

Depending on what industry you work in, your waste removal expenses are potentially a significant burden on your bottom line. Sure, you can reduce waste — but compromising the quality of this service isn’t really an option. Finding savings is possible, but first you must understand what goes into the cost.

A five-part blog series by Schooley Mitchell Blog.

In the first of Schooley Mitchell’s five-part series on waste expenses across industries, we explore why waste removal can be such a hefty business expense.

Waste cost categories.

It may be hard to imagine the price breakdown of waste removal, when most of the process happens away from your facility.

Your bill is most likely composed of four main cost types:

  • Container costs
  • Collection costs
  • Transfer costs
  • Landfill costs

Understanding your options among these four categories can go a long way in helping you reduce your bill.

Container costs.

Containers are the aspect of waste removal that you’re probably most familiar with, and an area where you have a fair amount of control. Commercial waste containers come in an array of sizes and are typically available for purchase or rent.

Pricing is based on the cubic yard sizing of a container. On average, a 4yd3 container costs $15 a month to rent, and $350 to purchase outright. Prices increase incrementally as size increases.

Knowing what size you need might come with trial and error. Come collection time, the optimized container is the one that is filled, but not to the brim or overflowing. Excess waste is often subject to excess fees.

Come collection time, the optimized container is the one that is filled, but not to the brim or overflowing. Excess waste is often subject to excess fees.

Renting vs. Purchasing.

Whether renting or purchasing is more effective for you is going to depend on what you need. Depending on your line of work, a permanent container might not make sense. For example, temporary construction or landscaping projects are more likely to require a rental, compared to a residential building or school.

Expert Market advises that purchasing a container is more efficient if that bin will be in use for at least 23 months.

Collection costs.

Waste collection fees are going to be the most variant depending on your location, container size, and collection frequency. This could be as little as $30 a week, or as high as $3,000. Figuring out your needs can include some trial and error and industry research. A restaurant is likely to require more frequent collection than an office building.

The kind of waste your business generates, as well as local health codes and in-person traffic throughout your premises, is going to determine your collection frequency.

Transfer costs.

Factored into your waste removal fees are the fuel and other transportation costs of moving your waste to a landfill.

Transfer can be arranged in two ways, direct or indirect:

  • Direct transfer transports the waste from your premises to a landfill in a single trip.
  • Indirect transfer transports waste from your premises to a transfer station, where it’s stored and batched before being shipped to a landfill site.
  • Because transfer stations aren’t free to use, indirect transfer is the more expensive option.

Based on your premises’ location, your transfer method may be out of your control. Businesses located far from landfill sites must rely on transfer stations to dispose of waste, which inevitably increases costs.

Many waste management providers have discounted rates with transfer stations and commercial landfills that are worth investigating.

Landfill costs.

Every time waste is disposed of at a landfill a landfill tipping fee is charged. On average, for commercial landfills, these range from $25-150 per ton.

As with transfer costs, many commercial waste management providers have preferential rates for customers at landfills.

The hidden costs of commercial waste removal.

Even when you’ve accounted for the four main cost categories of your waste removal bill, you may notice that there are some extra, unexpected charges on your bill. Keep these potential fees in mind when budgeting:

  • Dismount and push charges, which apply per bin when drivers have to get out of their vehicle and push your containers to an unobstructed spot for emptying.
  • Key charges, which apply per bin when drivers require a key to open a locked container.
  • Enclosure charges, which apply per bin when drivers must remove bins from a fenced enclosure and then replace them when emptied.
  • Gate service charges, which apply per bin when drivers must open a closed or locked gate.
  • Long walk charges, which apply per bin when your containers are placed in such a way that the drivers have to walk over a specific distance — such as ten feet — to access them.
  • Regulatory charges, which are depending on region, and cover the cost of providers complying with environmental regulations.

One way to avoid many of these charges is to evaluate the container situation on your premises and see if you can optimize the location to make it easier for haulers to collect your waste.

Reduce waste expenses.

This information might seem overwhelming. Waste expenses can really add up. Fortunately, there are steps you can take to optimize your services and reduce your expenses.

Start by considering an internal or external audit of your waste removal system. Are your bins being emptied too often, or not often enough? Could you be paying transport fees for a closer station or landfill? Are your prices increasing multiple times a year? Are your containers the right size for your waste output?

Ask yourself these questions and pay close attention to your waste removal bills. You might be spending more than you need to.

Next week…

Next week, in part two of our series on waste expenses across industries, we will examine the cost of food waste on businesses, and what yours can do to find savings.

Related articles:

Cal Wilson / July 26, 2021

Recommendation Letter for Gerard Buckley of Mortgage Wellness

To whom it may concern:

It is my pleasure to be writing this letter of recommendation for Gerard Buckley. Gerard is the dedicated owner and senior financing executive behind Mortgage Wellness. If you’re looking to buy or invest in residential or commercial property, I highly recommend Gerard and his team.

For over 30 years, Gerard has helped Ontarians realize their financial dreams and find the best mortgage rates available. Gerard knows that financing property can be stressful, and you want an advisor you can trust. He and his team are always on your side, using their deep financial knowledge and understanding of the industry to aid you in every way possible.

Gerard has also maintained great working relationships with realtors across Ontario. Realtors know to recommend their clients to Gerard, who can make the process easier for everyone involved. Part of this is through his commitment to client education. The team at Mortgage Wellness is committed to educating their clients about the entire financial process; a buyer is more likely to make a confident decision when they understand everything at stake

If you are looking for a mortgage broker who has the expertise, passion, and commitment to help you realize your financial dreams, I strongly suggest giving Gerard Buckley at Mortgage Wellness a call.

Sincerely yours,
Miguel Cardenas

Optimization Specialist

Schooley Mitchell

 

Download.