Small Business Information

How to Start a Paper Shredding Business


Paper Shredding Business Opportunities are blossoming up everywhere because in recent years, privacy concerns and new policies have forced companies all over the country to invest in paper shredding services. Large corporations and small are in need of shredding services.

Even in many homes, people have purchased small, trash can sized paper shredders for mail and receipts. Most businesses will not be able to shred the material they have by purchasing one of these same machines. First, the small machines are not capable of the volume. Secondly, companies in general are downsizing staff and it is unlikely that they are going to pay someone to feed documents into a tiny shredder all day.

That is where you come in. Investing in a paper shredding business now is like buying a gold mine. The list of documents the Federal Government says must be destroyed is getting lengthier everyday. Every time you sign a document, be it a job application or a credit card receipt, there is a time limit that the receiving company has to hold that document. After that time limit, they are required by law to destroy, or shred, that document.

Large corporations can take in thousands of signed resumes' a year. Restaurants and retail outlets that have not gone to electronic signature devices can have thousands of credit card receipts a month. Think of all the banking records that come due for destruction every week. Now think about the amount of tax documents that need to be rotated and destroyed every year. These are just a few examples of the growing necessity of paper shredding businesses for confidential document destruction.

Mobile shredders are a fantastic investment, as the shredding device is built into the back of a large truck trailer for onsite paper shredding. This allows the shredding company owner to go to the client for onsite shredding. Companies spend thousands of dollars warehousing these documents that often get kept years past their required time because no one wants to deal with all that paper. Mobile paper shredding would allow you to go directly to their warehouse or storage facility. Clients will appreciate not having to pay someone else to have all of this information brought to you.

Even in this electronic age, there are still things that will be in paper form. Recorded documents and legal papers are still required to have pen and ink signature. Many companies are even having computer components such as hard drives and floppy disks shredded for security purposes. The federal government requires such stringent privacy laws due to identity theft and fraud, that nearly any document with a name and address on it must be destroyed after a certain period of time. This continuing process virtually guarantees that a confidential paper disposal service would thrive in the right hands.

Time limits for document destruction will play in your favor as well. Nearly every set of documents has a different holding date. For example, resumes and cover letters have a hold date of one year, if the applicant was not hired. Hired applicants can have part of their file destroyed in three years, for example, the application and some privacy statements. Corporations as well as individuals are required to keep tax records on file for three years. Companies that process financial data, such as banks and paid tax services, will always have documents that are in need of destruction. This gives you the perfect opportunity for a home employment paper shredding business.

Things to consider when thinking about a paper shredding business will depend on what type of service you wish to offer. Having a fixed location where people can bring their records to you for destruction is one idea. However, it is worth considering purchasing a mobile shredding unit in addition to this or even as the sole business operation. Mobile paper shredding will allow you to be even more flexible to your clients needs.

The demand in this industry will only be growing in the coming years as laws and policies change. It is clear that this is a growing enterprise. Be it on site shredding with a mobile shredding unit, or a permanent paper shredding location, you can be sure that there is a public in need of this critical service.

© Copyright Randy Wilson, All Rights Reserved.

Randy has dozens of home based business articles such as Best Home Based Internet Business, Ebay Money Making Tips and Medical Billing Service.


MORE RESOURCES:

Conventions Conclude, Fall Campaign Begins: NFIB Looks for More ...
MarketWatch - 9 hours ago
Of the 47 million uninsured Americans in 2006(1), 28 million were small business owners, employees or their dependents(2). Rising healthcare costs, a major ...


Web offers big solutions for small business
Sydney Morning Herald, Australia - 12 hours ago
HISTORICALLY, small business has had no chance of competing with large corporations in the marketing area. The costs of using traditional advertising ...


Pasco man named 'Minority Small Business Person of Year'
Mid Columbia Tri City Herald, WA - 2 hours ago
A Pasco businessman has been recognized by the US Small Business Administration Seattle District. Stuart W. Fricke is president and owner of White Shield ...


Providence Business News

Small Business Offers Only Employment Bright Spot
bMighty.com, NY - 2 hours ago
Small businesses actually added 20000 jobs in August, even as larger companies shed more than 50000 jobs. The economy as a whole registered a seasonaly ...
ADP National Employment Report Shows US Employment Decreased by ... CNNMoney.com
Payroll report: Nation loses 33000 jobs in August Bizjournals.com
Small Businesses Add 20000 Jobs in August IndustryWeek
CNNMoney.com
all 88 news articles


CVBT: "McCain or Obama: Same old, same old for small business"
Huffington Post, NY - 2 hours ago
Today, the Central Valley Business Times ran an interview with the President of the American Small Business League, Lloyd Chapman. ...


Funding Small Business
Small Business Journal - 7 hours ago
Directory of small business loans solutions. Find providers. Need to Write a Business Plan? Get UPB Need to write a business plan, but don't have time to ...
Small Business Development Small Business Journal
all 9 news articles


Wall Street Journal Blogs

Entrepreneurs Ask McCain and Obama: What Will You do for Small ...
MarketWatch - Sep 4, 2008
Of the questions submitted, Entrepreneur.com editors will select the top inquiries relating to small business and go straight to the source to get the ...
Small Business Looks at Where Candidates Fall on Its Issues Wall Street Journal
McCain or Obama: Who Deserves the Small Business Vote? Wall Street Journal Blogs
all 8 news articles


Hearing- "Examining Expiring Tax Incentives and the Needs of Small ...
Trading Markets (press release), CA - 2 hours ago
Testifying will be a diverse group of small business owners who will share their insights and priorities as Congress works on adoption of a final proposal. ...


Chamber picks Small Business Person of the Year
GwinnettHerald.com, GA - 7 hours ago
"Selection of the Small Business Person of the Year was no easy task," Joe Digiesio said. Each of the nominees and finalists demonstrated the superior ...


Cashline Inc.: Innovative Loan Alternative for Small Business Now ...
FOXBusiness - Sep 4, 2008
A Merchant Fast Cash is a "small business-friendly" service that converts or "advances" future credit card sales and/or ATM fees into immediate cash, ...

Small-Business - Google News

Good Credit Loans | home | site map | School Bus Clothing | Florida Pool Heating
© 2006