Do you want to start a mobile paper shredding business from scratch? Or do you need a paper shredding business plan template? If YES, then I advise you to read.
With the advent of the cloud filing system and the global warming campaign, most organizations are now reducing paper documentation and filing. The current practice is that once the documents have been collected, the next step is to submit the document to the data collector. The job of data collectors is to obtain the necessary information before documents can be transferred to a repository where they can be stored or to a processing site.
Although there are small paper shredders that are used by most businesses. but when it comes to shredding huge piles of papers/documents, the services of mobile paper shredding companies are used. Unwanted papers (documents) are easier to dispose of in waste yards, but it is extremely risky to dispose of confidential documents in the same way. The essence of destroying paper (document) that is no longer needed is to ensure that people do not have access to information on the papers.
The way mobile paper shredding companies operate is that they take their industrial paper shredder in a truck to their client’s office. The customer brings the documents/documents to be shredded and the documents/documents are shredded in his presence (under the supervision of the customers) before transferring the shredded documents to paper recycling sites.
So, if you are interested in starting this type of business, you must be prepared to invest between $10,000 and $50,000. Undoubtedly, this is a very lucrative business, so if you are going to get into this business, you have to make a decision. Now, let’s quickly go through some of the steps you need to take if you want to start a mobile paper shredding business;
Creating a sample business plan for a mobile paper shredding business
1. Conduct a feasibility study
Setting up a mobile paper shredding business in an area with many residential apartments is the right business decision. Small businesses are unlikely to frequent your mobile paper shredding services; and as such, only large organizations can associate with you more. To find out if your business idea is viable where you intend to launch it, you should take the time to conduct a feasibility study before making the decision to go ahead with it. company.
2. Develop a workable business plan
The idea behind a business plan is to give you a direction for the business and also to help you secure funding for the business. Your plan to start a mobile paper shredding business isn’t complete without a workable business plan. Style
A workable business plan should contain your marketing strategy, customer service management style, expansion plans, budgeting and cash flow management, business objective and mission statement, among other key elements that make up a good business plan.
3. Increase your start-up capital
To start a mobile paper shredding business; you will need a minimum of $10,000. If you don’t have that amount saved somewhere, you need to go there to collect the money.
Raising start-up capital for a new business isn’t always easy; You must be able to convince anyone who is going to lend you money or invest in your business of the profitability of the business. It is also important to state that your business plan is one of the main tools you can use to convince investors to invest in your business. So make sure you have a good business plan in place before approaching investors or even banks for a loan.
4. Register your business
Select a name for your mobile paper shredder business, contact your nearest country corporate affairs office to conduct a name search, and if the name you selected is still available, you will be prompted to continue the process recording. .
The process of registering a new business is no longer stressful, you start and complete the process yourself or you can hire a lawyer to help you. Don’t forget to apply for a tax ID card at your local tax office and also be sure to speak to your insurance broker to advise you on the best insurance package for your type of insurance. company.
5. Buy a five-ton truck equipped with an industrial paper shredder and power supply
As you will be doing large scale paper shredding for your customers, you will need a 5 ton truck equipped with an industrial paper shredder and a generator. This type of machine is a bit more expensive; a new industrial shredder costs an average of $15,000. If you don’t have the money for a new industrial crusher; You can choose quite used. Remember to ensure effective maintenance of your equipment.
6. Source for paper recycling companies to work with
Organizations usually dispose of their waste or unused papers/documents at the recycling site, but due to the content of the documents, it is usually important to use the services of mobile paper shredding companies to help them destroy the documents /documents.
After the shredding of papers/documents, it is your responsibility to dispose of the waste. If you don’t have your own paper recycling plant, you can partner with a paper recycling company where you transfer or sell all of your shredded paper. It is a way to generate additional income.
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7. Source for an organization that needs your services
Conducting a feasibility study before you start your business will give you an idea of where to find those who will need your services. Therefore, you should make a list of organizations that you know will need your services, prepare a business proposal and then send it to them. You can continue to make follow-up calls or visits until you close the deal. You can also promote your business through electronic and print platforms.
That’s all; 7 steps to follow if you want to start a mobile paper shredding business from scratch and then increase your profitability in no time.
