document shredding is it a good investment?

Question

I am looking to start a Mobile Document Shredding Company. My investment will be about $300,000. This is to supply secure document Shredding to Big companies.

Answer 1

The good news for you is the shredding industry is growing by about 10% a year. But some things to consider:

Your estimate of startup costs is a bit low. Don't forget to add in the cost of the bins ($125 each).

One person cannot do the driving, accounting and sales. When that happens the sales are ignored and the company fails.

Check who your competition is. Most large cities have 6-12 companies already in business so don't think you will be alone.

Make sure you do a full business plan but there is always room for a good operator.

Answer 2

A simple $20-$30 shredder from Target helps so much for home use! With all the information that has account numbers and private information, it is a must.

Answer 3

Not a good idea. Big companies can buy a $500 shredder that turns everything into sawdust. Why would they hire an outside contracter?

Answer 4

Yes, with identity fraud being rampant this is a no brain-er. I shred all documents I don't' need, all envelopes addressed to me, and all forms sent to me to apply for anything.

Answer 5

Absolutely! A $50 shredder could save you many thousands of dollars that you might otherwise surrender to identity thieves.

Answer 6

I'd do a lot research before plunking any money into shredding!! My gut says no way.

Answer 7

is this for home? if you are thinking about getting a shredder for home, with the amount of junk mail we all get...it is worth it! Its a great step against identity theft

Answer 8

No....