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Allot of corporations that engage in B2B sales run a D&B on a business before issuing credit. Most larger auto parts stores use a D&B as part of their business credit worthiness checks. Equipment lease companies as well.

 

I'm not sure you need to pay though to correct a listing that they maintain. I believe companies that can pull reports, pay for their service. I could be wrong though...

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Thanks folks for the input. I wasn't about to give them anything till I got more input. Their spiel was I have someone looking into the business credit. If I don't validate my info (for the small fee of $399) I may not get credit approval or good insurance. And for the small sum of $950 I could validate the info and provide MY OWN credit report! Sounds kinda hokie to me.

The thing that concerned me the most is how they could benefit me. Being a sole prop all my credit is based on me personally. I am in the process of trying to get some new equipment, but had not submitted any paperwork yet for lease or finance. And I really don't want to have to jump through hoops to change something after I re-structure the biz.

Thanks again! Gotta love these forums!!

A perfect example of the power of AutoShopOwmer.com!

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  • Have you checked out Joe's Latest Blog?

         13 comments
      Most shop owners would agree that the independent auto repair industry has been too cheap for too long regarding its pricing and labor rates. However, can we keep raising our labor rates and prices until we achieve the profit we desire and need? Is it that simple?
      The first step in achieving your required gross and net profit is understanding your numbers and establishing the correct labor and part margins. The next step is to find your business's inefficiencies that impact high production levels.
      Here are a few things to consider. First, do you have the workflow processes in place that is conducive to high production? What about your shop layout? Do you have all the right tools and equipment? Do you have a continuous training program in place? Are technicians waiting to use a particular scanner or waiting to access information from the shop's workstation computer?
      And lastly, are all the estimates written correctly? Is the labor correct for each job? Are you allowing extra time for rust, older vehicles, labor jobs with no parts included, and the fact that many published labor times are wrong? Let's not forget that perhaps the most significant labor loss is not charging enough labor time for testing, electrical work, and other complicated repairs.  
      Once you have determined the correct labor rate and pricing, review your entire operation. Then, tighten up on all those labor leaks and inefficiencies. Improving production and paying close attention to the labor on each job will add much-needed dollars to your bottom line.
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