If you want to own a business that is profitable, sustainable, and in high demand, this is the opportunity you’ve been looking for.The legal requirements and ethical responsibilities to safely and thoroughly destroy confidential information have fuelled an explosive growth in the secure document destruction industry.
Providing both recurring container and scheduled purge services, entrepreneurs worldwide have embraced this lucrative industry that is growing by twenty to thirty percent a year. Many have also discovered that offering mobile document destruction is a perfect complement to an existing business.
As with any business venture, knowledge is power. Shred-Tech® can assist you with start-up information and ideas, including equipment training and business operations manuals.
The mobile document shredding industry is still in its infancy so it’s not too late. Take your first step to financial independence by contacting Shred-Tech® today.
There are a few important benefits to consider about owning your own mobile document destruction business. This security business is perfect for start-up operations, it requires a few dedicated employees and has low operating overhead. This industry is stable, sales-driven and has proven growth consistency.
Typically, the low-turnover customer base consists of a large number of accounts that usually pay within 45 days. Bad debt is almost unheard of in this business. The destroyed paper is a recyclable commodity that creates an ongoing revenue stream as well.
Unlike franchises, there are no royalties, territory limitations or franchise fees. Attractive exit strategies and an exceptional return on investment also differentiate the independent on-site document destruction opportunity Shred-Tech® is offering. Finally, purchasing the right equipment can broaden service capabilities to include product destruction opportunities. Shred-Tech® equipment is the most dependable in the industry, with a 24/7 service hotline and strategically located service centers throughout the United States.
Mobile document shredding is driven by legislation designed to protect the privacy of businesses and individuals. Recent pieces of legislation having the biggest impact includeCalifornia v. Greenwood, HIPAA (Health Insurance Portability and Accountability Act), GLBA (Gramm-Leach-Bliley Act), Bill C-6, and FACTA (Fair and Accurate Transaction Act).
Europe / United Kingdom
Where the safeguarding of personal data is involved, data security is based on national legislation (Data Protection Act 1998) which dictates that personal data should only be accessible to authorised persons. Personal data may also exist in non-digital format, for example as patient records, completed consent forms or interview cover sheets. These should be protected in the same way as digital files.
A £500,000 penalty has been introduced by the Information Commissioner’s Office (ICO) for personal data security breaches.
The eight principles state that the data must be:
- fairly and lawfully processed
- processed for limited purposes
- adequate, relevant and not excessive
- accurate and up to date
- not kept longer than necessary
- processed in accordance with the individual’s rights
- not transferred to countries outside the European Economic area, unless there is adequate protection.
Hospitals and medicare providers, as well as banks and financial institutions, are required to protect patient, client and consumer information. With so many personal details collected, and so much sensitive information created, almost every business is affected by these personal privacy laws.
Corporations must also protect themselves against espionage, safeguard trade secrets and guard proprietary information. The Federal Bureau of Investigation (FBI) estimates that US corporations lose more than $24 billion each year to information theft. From a business standpoint, the most economical, secure, cost efficient and environmentally friendly manner of properly destroying and disposing of sensitive information is on-site secure document destruction.
“There will always be a demand for shredding services – it’s a recession-proof industry.”
Debbie Shannon, Action Secure Shredding