![]() Some companies outsource their shredding to shredding services. The truth is that the technology and processes involved in this business will require a period of time (months) to learn but beyond that, you must be a person that corporate organization can easily trust to discard their documents. If you are looking towards starting your own paper shredding business, then you should endeavor to learn the trade. In 2019, revenue is expected to grow 2.5 percent, fueled by expected growth in the number of businesses and corporate profit that is anticipated to increase downstream demand. ![]() ![]() The industry includes companies that provide commercial and government clients with outsourced records storage, document destruction services and digital conversion of paper-based records.ĭue to regulations mandating the retention of company records, operators in the industry benefit from sustained demand for document storage and increased information security regulation. Research carried out by IBISWORLD shows that the over the five years to 2019, revenue for the Document Management Services industry grew at an annualized rate of 3.8 percent to $6.5 billion. It is important to state that the establishments with the dominant market share in the document management industry in the United States are Iron Mountain Inc. The industry is projected to enjoy 3.8 percent annual growth within 20. ![]() There are about 1,670 registered and licensed document management services businesses scattered all across the length and breadth of the United States and they are responsible for employing about 55,875 people. Statistics has it that in the united states of America alone the industry rakes in a whooping sum of billion annually. In the interim, profit margins are expected to slightly increase due to a drop in labor expenses as a result of industry consolidation. It was predicted that going forward, paper shredding services will continue to struggle as digital media replaces traditional paper products. Over the past 20 years, rapid technological change has toppled both markets and sent the industry into structural decline. Industry services involve records management, secure document destruction and data protection and recovery services.Ī close study of the industry shows that the industry has been struggling over the last half decade due to the fact that digital products and services have increasingly displaced traditional printed materials. Paper shredding business is subset of the document management services industry and operators in the industry include companies that store information and records for business and government clients. A Sample Paper Shredding Business Plan Template If you are sure this type of business is what you want to do after you must have conducted your feasibility studies and market research, then the next step to follow is to write a good business plan a detailed blue print of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services.īelow is a sample paper shredding business plan template that will help you successfully write yours without much stress. Any entrepreneur who is interested in starting a paper shredding business should be willing to pay much to locate the business in any of the locations stated above. It has been proven that job recruitment hubs, academic environments and corporate office environments are thriving locations for a paper shredding business. If you are looking towards starting a green and Eco – friendly related business, then one of the many business opportunities in this line that you can launch with little stress is a paper shredding business. Do you want to start a paper shredding company and need to write a plan? If YES, here is a sample paper shredding business plan template & feasibility report.
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