09/25/2026
There are so many reasons why we love what we do! An entrepreneur's journey can be filled with uncertainty and risks, but we know we are working toward the right goals in our community, and that brings us so much peace and motivation!
“I always wanted to be an entrepreneur because I wanted to solve problems for myself and achieve bigger goals,” shares Megan Alexander, Owner of Carter's Compost.
“I have a degree in Supply Chain Management, so my brain naturally processes logistics and piecing puzzles together,” she says. Combined with her prior experience in business and tech startups, Megan was well positioned to buy Carter’s Compost in 2022.
She has since grown the operation substantially: over the past four years, the composting company has expanded from 6,000 pounds collected annually to over 125,000 pounds collected annually. Megan is ready to grow her team and establish a wholly-owned processing operation, which will put the business on pace to beat that collection record again this year.
“I'm very proud of the impact we’re having in our local area when it comes to how everyday people and businesses look at waste. My hope is that Carter's Compost will keep our region green and blue and beautiful,” she reflects.
Megan is currently figuring out how to secure the funding required to access more land and equipment to enable further growth. Megan hopes this rapid growth will attract new partnerships in the region.
“Jump into things with both feet forward and know what risks you're taking, but don't overthink them,” she advises other entrepreneurs. “If you don't try, you'll never know if it will work.”
Trying can feel easier when working with organizations like 20Fathoms, which offers educational training, mentorship, and networking opportunities through programs like the weekly Breakfast Labs and the Small Business Support Hub grant, which Megan has taken advantage of. She also relied on a statewide grant to purchase a new electric pickup vehicle.
20Fathoms exists to help entrepreneurs like Megan scale their business and impact in Northern Michigan and beyond.