Better Business Bureau and Dun&Bradstreet

Discussion in 'Lets talk Business!' started by Matt Wood, Mar 17, 2018.

  1. Matt Wood
    Matt Wood

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    I'm currently working on putting a contract together with a huge company, and I looked at BBB and liked what I saw. Just recently, someone mentioned Dun&Bradstreet to pull up their credit rating on their level of risk on getting paid from them.

    I don't know if any of you have done that before, but I feel it's a very valuable tool to have, because I never even thought of using that as a leverage tool. I paid $62 for the credit report.

    Have any of you used that tool to determine if a big company is worthy to chase? Was it ever wrong on it's results?
  2. Mikey P
    Mikey P

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    Marty.....
  3. Matt Wood
    Matt Wood

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    SmartAss!!! I don't want someone calling me an idiot. I'm looking for experienced advice on how to find out information for a possibly huge client (More than double my current gross)

    I'm not gonna put my investment on a company who pays the big big vendors 45-90 days. I can't carry a load that big yet. And I don't want to deal with a company who does that.
  4. scottw
    scottw

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    I have used it twice. Both were several years ago. The D&B rating was accurate. But, I decided I did not want any one company to account for 50% or more of my gross income. Too many eggs in one basket. I sold those accounts off.
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  5. Matt Wood
    Matt Wood

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    Thank you for your input. I'm hesitant to chase it as well, because half my eggs will be in this basket. I'm hoping to chase more accounts like this once I get my foot in the door, but selling the account??? I might need a tip or two on how I can sell it if I don't like how the numbers are rolling in
  6. Brian H
    Brian H

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    It probably is accurate, but...

    think about companies like Enron...

    Also I am good friends with some one who works for a large private engineering firm. Lots of shenanigans going on in the finance department even though D & B rate them well.
  7. Lee Stockwell
    Lee Stockwell

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    Even 35 years ago my 2nd biggest janitorial account paid by CC. My biggest one was invoiced twice a month and usually paid within a week.

    You get what you negotiate.
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