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Outline of Services Performed:

  • business development
  • business process development
  • executive staff recruiting
  • human resources selection and management

Beneficiary of RHG's Expertise:

    The Company saw its business and profits decline over
    two years and experienced cash flow shortages due to a
    variety of circumstances.  These included mismanagement
    (distracted management), failure to diversify product lines,
    lack of sufficient vendor credit lines, construction barriers
    in its municipality, changing tastes, and opening of
    competitive stores in Legacy Village.  These problems
    and lack of demonstrable solutions thwarted new and
    ongoing vendor support needed to grow.

Detail of Services by RHG:

    Richard Henry Group developed a strategy to restore the
    operational and financial performance of the Company.  
    Then, RHG evaluated, analyzed, and made constructive
    recommendations regarding:

  • staffing capabilities,
  • advertising & marketing strategies,
  • internal communication,
  • cash flow management,
  • past financial trends,
  • vendor / line performance,
  • alternative and new lines of products,
  • vendor terms,
  • existing vendor contracts,
  • obstacles to growth,
  • trade show attendance,
  • leases,
  • warehousing & delivery,
  • competition,
  • and retail promotions.

    First, RHG established financial controls processes and
    introduced an RHG affiliate to develop a marketing and public
    relations campaign to build retail business and an RHG staff
    member as interim retail store manager.  Next, RHG’s staff
    actively participated in directing and educating the Client staff
    in:

    Finally, RHG developed a forward-looking financial,
    operations, and cash flow plan to guide the company in its
    expanding business.  


business development & financing
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RICHARD             GROUP, LLC
HENRY
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Consequential Change
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Business Development and Turnaround Advisors
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Client Quotes:

    Co-Owner

“When a crisis situation erupted at my business last year, due to a sudden illness
and disability with my business partner, I
was referred to the Richard Henry Group. At
a moment’s notice, RHG arrived to assess
and assist in strategizing what critical
components needed to be addressed
and how to go forward. RHG acted as a
temporary management team. Within
weeks, they quickly put into place a much
needed line of credit that would have been
almost impossible for me to negotiate
on my own. In addition, RHG instituted the
process of systems and communication
throughout all areas of the business. RHG
was there to help me out of a precarious
and almost dire situation. ”


More CASE STUDIES
RICHARD HENRY GROUP
ANNOUNCES THE LAUNCH OF
ITS NEWLY DEVELOPED
WEBSITE

Richard Henry Group, a
northeast Ohio business
development and turnaround
advising firm, announces the
launch of its new website.  The
website has been created to
reflect Richard Henry Group’s
organizational culture, strategy,
and uniqueness.  The website
may also be used as a
resource tool by Richard Henry
Group’s referral partners and
its current and prospective
clients.  www.RHGsolutions.
com provides visitors with case
studies, a news archive, and
the most recent news about
the company.  The website has
been developed and
maintained by COSMIN
Consulting.  Richard Henry
Group would like to invite
interested parties to visit its
newly developed website and
submit their feedback.