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How to Start a Mobile Paper Shredding Business

With the advent of cloud filing system and the campaign on global warming, most organizations are now cutting paper documentation and filing. The current practice is that once documents are collected, the next step is to pass the document to data capturer. The job of data capturers is to capture the required info, before the documents can be transferred to a store where it can be kept or to a recycling site.

Although, there are smaller paper shredding machines that most businesses use, but when it comes to shredding huge piles of papers / documents, the services of mobile paper shredding companies are employed. It is easier to drop off unimportant documents (papers) at recycling depots, but it is extremely risky to drop off confidential documents in the same manner. The essence of shredding paper (document) that is no longer useful is to ensure that people don’t have access to the information on the papers.

The modus operandi of mobile paper shredding companies is that they take their industrial paper shredding machine in a truck to their client’s office. The client brings in the documents / papers to be shredded and the papers / documents are shredded in their presence (under the clients’ supervision) before transferring the shredded documents to paper recycling sites.

Thus, if you are interested in starting this type of business, then you should be ready to invest between $10,000 and $50,000. No doubt, this is a very lucrative business so if you must start this trade, you have to be decided. Now let us quickly consider some steps to follow if you want to start a mobile paper shredding business;

1. Conduct Your Feasibility Studies

Starting a mobile paper shredding business in an area with more residential apartments is a right business decision to take. Small businesses are likely not to patronize your mobile paper shredding services; and as such only larger organizations may patronize you more. In order to know whether your business idea is viable in the location you intend starting it, you should take out time to conduct a feasibility study before making a decision to ahead with the business.

2. Come Up With a Workable Business Plan

The idea behind a business plan is to give you a business direction and also to help you generate funding for the business. Your plan of setting up a mobile paper shredding business will not be complete without a workable business plan in place. A Workable business plan should contain your marketing strategy, customer service management style, expansion plans, budgeting and cash flow management, your business goal, and your mission statement amongst other key components that makes up a good business plan.

3. Raise Your Start-up Capital

To set up a mobile paper shredding business; you would need a minimum investment of $10,000. In case you don’t have this amount saved up somewhere, then you would need to go out there to raise the money.

Raising a start-up capital for a new business is not always easy; you must be able to convince whoever is going to loan you some money or invest in your business about how profitable a venture it is. It is important to also state that your business plan is one of the major tools that you can use to convince investors to invest in your business. Hence, ensure that you have a good and workable business plan in place before approaching investors or even the banks for a loan.

4. Register Your Business

Choose a name for your mobile paper shredding business, approach the nearest office of the corporate affairs commissions of country to do a name search, and if the name you chose is still available, then you will be given a go ahead to continue with the registration process.

The process of registering a new business is no longer stressful, you start and conclude the process yourself or you can contract it to an attorney to help you do it. Don’t forget to apply for a Tax payer’s ID from the local tax office in your city and also ensure that you talk to your insurance broker to advise you on the insurance package that is most suitable for your type of business.

5. Acquire a Five Ton Truck Outfitted With an Industrial Paper Shredder and a Power Generating Set

Since you will be engaged in high volume paper shredding for your clients, you would need a 5 ton truck outfitted with an industrial paper shredding and power generating set. This type of machine is a bit expensive; a brand new industrial paper shredding machine goes for an average of $15,000. In case you don’t have the money for a brand new industrial shredding machine; you can opt for a fairly used one. Don’t forget to make provision for effective maintenance of your equipment.

6. Source for Paper Recycling Companies to Work With

Organizations ordinarily will dump their waste or unused paper / documents in a recycling site, but because of the content of the documents, it is usually important to employ the services of a mobile paper shredding companies to help them shred the papers / documents. After shredding the paper / documents, it is your responsibility to discard the waste. If you don’t own your own paper recycling factory, you can partner with a paper recycling company where you will transfer or sell all shredded papers to. It is a means of making additional income.

7. Source for Organization That Needs Your Services

Conducting a feasibility study before launching your business will give you an idea of where to locate those that would need your services. Therefore, what is expected of you to do is to make a list of organizations that you know would need your services, prepare a business proposal and then send it to them. You can continue to do follow – up calls or visits until you seal the deal. You can as well promote your business via electronic and print media platforms.

http://www.mytopbusinessideas.com/starting-mobile-paper-shredding/

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