After studying the Harper & Reiman, LLC case, please reply the Question Assignment that follows.
Harper & Reiman, LLC, is a consulting agency that caters to nonprofit organizations. The corporate is headquartered in Dallas, Texas, and has just lately expanded to incorporate an workplace in Amarillo, Texas, Harper’s house city.
The enterprise was based in 2000 by Brett Harper and Anna Reiman, who met in an entrepreneurship class in faculty and found that they shared a ardour for serving and growing the nonprofit sphere. Following commencement, they each have been employed by J.P. Morgan. They incessantly labored collectively on widespread assignments. On quite a lot of events, they labored with nonprofit organizations whose progressive processes allowed them to “do extra with much less.” The not-for-profits merely weren’t capable of throw a variety of money at issues, as many giant enterprise organizations do, and needed to suppose and act like entrepreneurs in the event that they have been to realize their missions. Harper and Reiman quickly got here to imagine that for-profit companies may study from the actually good nonprofits.
After eight years at JP Morgan, Harper and Reiman determined to start out their very own consulting agency, Harper & Reiman, LLC. At first, they restricted their work to monetary advisory companies, understanding that many nonprofits wanted Help in managing their monetary operations. The corporate developed monetary administration software program that facilities on liquidity analytics and permits nonprofits to shorten money conversion cycles and strengthen liquidity. They progressively expanded into different companies, together with sustainable enterprise options, infrastructure consulting, threat administration, and innovation companies.
The corporate has skilled vital progress, with gross sales approaching $29 million in 2013—far past something the homeowners may have imagined. For one factor, the corporate distinguished itself within the business by designing a cost system that permits nonprofits to make funds for Harper & Reiman companies in seasons when donations are the best. Nevertheless, it additionally required Harper & Reiman to diversify its shopper base in order that receivables are constantly being collected. Basically, the corporate has utilized the recommendation it offers to shoppers to itself.
Whereas nearly all of consulting shoppers are positioned close to the 2 regional places of work, the agency’s software program has been bought nationwide on a restricted foundation. Desirous to enter new geographical markets, Harper and Reiman are contemplating a advertising technique to extend the agency’s nationwide visibility. Nevertheless, earlier than starting a serious enlargement, they need to consider the agency’s monetary well being.
Reply the next Question Assignment:
Harper and Reiman are fascinated with analyzing 4 particular points: liquidity, profitability, the danger occurring from debt financing, and the speed of return the enterprise is offering to them as homeowners.
Additionally they need to have a superb sense of the sources and makes use of of money flows within the enterprise.
Given the agency’s current monetary outcomes, as proven above, consider the corporate’s monetary scenario because it pertains to the homeowners’ considerations.
What recommendation would you give to Harper and Reiman?
