Document and paper shredding is a necessary component of business security and the industry is anticipated to double in 2021, with more companies choosing to have office paperwork shredded and recycled, rather than filling a landfill.
Wise business plans, a leader in the global business planning industry, is joining with paper shredding and document destruction services in order to map market trends, analyze research and provide an effective avenue to increase revenue through accurate business planning.
“The average office worker uses over 10,000 sheets of copy paper every year. From financial reports to annual reviews, a lot of paper can end up in waste cans, recycling bins, and eventually the landfill,” said Joseph Ferriolo, Director of Wise Business Plans.
How to Start a Paper Shredding Business
Steps to start a mobile paper shredding business:
1. Create a Business Plan for Paper Shredding Business
A well-prepared business plan is crucial to the success of any entrepreneur. Identify your business goals and your target customers. Include machinery, vehicles, staffing, and promotional costs in your startup budget. Business plans are also required if you want to receive funding from a financial institution.
Need Help in Creating a Paper Shredding Business Plan?
Our clients no longer have to worry about the complexities of writing a professional business plan. Our MBA-qualified business plan writers have written over 15000+ business plans for over 400 industries in over a decade.
2. Research the Market
Understanding the local market should be your first step before starting any business. You should collect as much information as you can about your potential clients’ needs, the competition, and pricing. Conducting detailed market research and finding out the gaps in the market is essential.
3. Form a Legal Entity
From all the different business structures, choosing the most appropriate legal entity can be difficult, and it is dependent on your specific preferences and business size. To form a paper shredding business, you should form an LLC. In general as well as in the shredding industry, Limited Liability Companies are very popular forms of business.
Need to Register a Mobile Paper Shredding Business?
Registered agents at Wise Business Plans provide you with a wide range of business formation services that make it easy for you to incorporate a business and allow you to focus on other important activities.
4. Choose a Suitable Location for your Business
You should be aware that the cost of renting a warehouse or office for your shredding company will vary greatly according to where you choose to locate it. Different states and cities have different costs for commercial property. Shredded paper storage is only one of the factors to consider when choosing your business headquarters.
5. Hire Employees
Experts in the paper shredding industry say that the best way to start is to have at least two staff members handling all the activities. It is possible for one person to do the marketing and provide paper shredding services to new businesses while the other operates some other business activity.
6. Obtain License and Permits
Get the necessary licenses and permits from the local authority to run a paper shredding business. As a paper shredding business is in the safety and security field, it may be required to have permits or licenses from your local government in order to operate legally.
Do You Need a Business License for Mobile Paper Shredding Business?
Licenses for businesses can be complex to obtain. Wise business plans make it effortless for you to acquire a mobile paper shredding business license.
7. Equipment for Paper Shredding Business
In order to start a paper shredding business, you will need equipment such as shredding machines, paper balers, pallets, and paper bins. There are different types of industrial shredding machines. Select the machine according to the output you need. Be sure to verify the warranty period and client testimonials before purchasing.
If are planning to start a paper shredding business, this simple step-by-step startup guide will help you in running a successful paper shredding business.
“At Wise, we are dedicated to providing document shredding companies with a high-quality paper shredding business plan and services that will guide these clients toward a prosperous future as their industry expands.”
Don’t miss out to look at this simple mobile paper shredding business plan example to get an idea of what a business plan looks like.
Wise Business Plans specializes in professional business plans, custom written by accomplished MBA writers and financial marketers and graphically designed by experts, at an affordable price, to meet the needs of clients just starting out, applying for a business loan, seeking funding from investors, or leasing a new location.
Each paper shredding business plan includes personal and professional financial planning and all are offered at an affordable price.
Mobile Paper Shredding Business Plan
“No one wants their confidential information to fall into the wrong hands, leading to identity theft and possible loss of revenue. Wise strongly supports document destruction and paper shredding business owners.
These important entrepreneurs can depend on Wise Business Plans to handle all of their business planning needs in a highly professional and ethical manner.” said Ferriolo.
Wise Business Plans staffed with professional MBA business plan writers, researchers, and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.
Other Major Business Services for Mobile Paper Shredding Business
Starting a mobile paper shredding business? Wise business plans offer you a quick and easy guide to starting your mobile paper shredding business, as well as assistance in every step along the way from funding to registering or licensing a business entity, branding, and marketing. Following are our main services
- LLC, S Corporation and NonProfit Business Formation
- Business License
- Tax ID Number
- Business Website Design
- Business and Digital Marketing
- Small business loan
- Business Credit Cards
- Venture Capital
- Logo Business Branding
Wise business plans also offer a net 30 accounts. If you buy products on a Net-30 account, you have 30 days after the purchase date to pay the full bill. Having a Net 30 account can also make managing your business finances easier. Apply for your net 30 business accounts nowTags: business ideas, business types, Form a Business, starting a business