Paper Shredding Business Opportunities - An Expanding Field
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.