Dominic O'Dierno

The Effects of COVID-19 on Consumer Spending Behavior

The chief executive officer of Amare since 2012, Dominic O’Dierno provides consulting services to help early-stage businesses in areas such as finance, strategic planning, investor relations, and business development. Recently, Dominic O’Dierno has focused his efforts on helping businesses navigate changes in consumer spending due to COVID-19.

COVID-19 has represented a change in the way customers shop, with many of the changes predicted to endure long after the pandemic has ended. In March 2020, panic spending set in, and personal care items such as hand sanitizer, household cleaners, and toilet paper saw double digit growth in the first half of the year. As people grew increasingly aware of their health, vitamin and supplement sales climbed by 50 percent, while millions of employees working from home boosted sales in coffee from major brands by about a third.

Across all sectors, e-commerce enjoyed significant increases. According the U.S. Census Bureau, Americans spent $211.5 billion online during the second quarter, an increase of 31.8 percent. Online shopping now represents 16.1 percent of all U.S. sales, a figure predicted to hold steady even as brick-and-mortar stores reopen.

The Adam Program – Facilitating the Recovery of Missing Children

An Oregon resident and CEO of Amare, LLC, Dominic O’Dierno has nearly 30 years of experience in investing and helping start-ups with strategic planning. Outside of his business interests, Dominic O’Dierno supports nonprofit organizations such as the National Centers for Missing and Exploited Children (NCMEC).

Since its inception in the mid-1980s, NCMEC has been committed to reducing childhood victimization and sexual exploitation by instituting the Adam Program which has revolutionized children’s recovery. Formally named the Automated Delivery of Alerts on Missing Children, the Adam Program was named after six-year-old Adam Walsh who was abducted in a Florida mall. In 1984, his parents, who decided to devote their lives to preventing the exploitation and victimization of children, established NCMEC.

With the help of technology company LexisNexis Risk Solutions, the organization has been able to recover children more quickly than in previous years. For 20 years, the Adam Program has safely recovered more than 200 children. The program integrates a few different technologies, such as geo-targeting and mapping tools, to find missing children. With these tools, the non-profit can disseminate photos more precisely and instantaneously.

WePROTECT Becomes Independent in 2020

A businessman from Portland, Oregon, Dominic O’Dierno is the CEO of Amare, LLC, a consulting firm that assists in launching startups. Outside of his professional pursuits, Dominic O’Dierno supports nonprofit organizations, such as WePROTECT, that are dedicated to protecting children from harm.

WePROTECT is an organization that aims to shield children from harm and exploitation. Since 2014, WePROTECT has initiated several activities such as providing governments with new technologies, facilitating the understanding of child sexual exploitation in the online world, and hosting international summits and Hackathons.

In the commission of these activities, the organization has also built up a following, allowing them to operate independently from the UK government. In April 2020, the organization-through the assistance of philanthropic organizations-was able to redefine its role and expand its mission to assist 97 governments, 27 technology companies, and 31 civil organizations.

Now operating as an alliance, WePROTECT plans to advance three major priorities. These initiatives include driving top decision-makers to take action, and thus empowering children and survivors, being a resource of knowledge, and establishing new networks, and facilitating collaboration globally, including establishing an enhanced online presence.

Benefits of Mixed-Use Development Projects

Dominic O’Dierno is the CEO at Amare, a Portland, Oregon company that provides managing advisory services on key financial concepts such as business development and strategic plan development. Having given donations to organizations like Pixie Project, Church’s Auxiliary for Social Action, and Oregon Children’s Theater, Dominic O’Dierno is also a member of the Royal Rosarians. He also serves as a chief financial officer at Cypress Development and oversees mixed-use projects in North Dakota.

Mixed-use projects feature buildings and utilities for residential and non-residential purposes. They combine pedestrian functions with utilities and public amenities on a broad selection of scales. Below are some of the benefits of mixed-use development projects:

1. Offers better use of space

Specific mixed-use development designs deliver optimum space occupation through function combination. Vertical-style mixed-use projects allow for multiple uses in a single unit, which means that public utilities could reside at the bottom half of a building. The top is reserved for residential purposes. Investors could benefit from the multiple income streams the efficient use of space avails.

2. Allows for complimentary services

Within the horizontal-styled mixed-use projects, there are discrete buildings for single purposes, positioned across and adjacent to one another over a piece of land. It creates a broad option of complimentary use cases that people can access within a walkable distance. The integration makes a sustainable ecosystem, with residential functions relying on non-residential ones and vice-versa.

3. Saves development costs

Mixed-use projects require intensive planning, but the cost of preparing a sustainable composite plan would be offset by the overall financial cost saving on the area’s actual development.

NCMEC Continues Partnership with Old Navy to Host Safety Events

Portland, Oregon resident Dominic O’Dierno is the CEO of Amare, LLC. Outside of managing the firm which assists start-ups, Dominic O’Dierno supports the advocacies of the National Center for Missing & Exploited Children (NCMEC).

Established in 1984, NCMEC aims to reduce child sexual exploitation and victimization and to find missing children. In a September 2020 release issued on its website, NCMEC announced its continued partnership with popular clothing retailer Old Navy to host safety events throughout the year.

The collaboration began 10 years ago and has expanded to places all around the US, Canada, and Mexico. These events can make for a fun, but informative trip to Old Navy. At the safety events, children are given child IDs, photos with local heroes, and coloring books. They also get to interact with K-9 units.

In addition to these safety events, the retailer is already a sponsor of one of NCMEC’s events, the Code Adam program which has established protocols for employees in the event that a child goes missing in a store.

DOJ Updates Amber Alert Site to Include America’s Indigenous Tribes

Dominic O’Dierno of Portland, Oregon oversees the operations of the consulting firm, Amare, LLC. Outside of this venture, Dominic O’Dierno supports efforts, such as the Department of Justice’s (DOJ) Amber Alert program, to protect children from exploitation and victimization.

The Amber Alert program was launched in 1996 to help law enforcement, parents, and other social service agencies recover missing children after nine-year-old Amber Hagerman was abducted and then murdered. Since then, the program has expanded to include a website that disseminates communication, such as information and alerts, among public agencies all to coordinate efforts in the event a child goes missing.

In November 2020, the DOJ announced that it would update the Amber Alert website to include Native American and Alaskan Native communities. This effort also provides these communities with access to grants that can be used to integrate state or regional Amber Alert programs with tribes across the US, in addition to providing training and technical assistance. To date, 76 tribes participate in the Amber Alert program.

Alaska Native and Native American tribes experience a disproportionate amount of violent crimes, including missing women and children. The website upgrade will include indigenous tribes in the contiguous US and Alaska and was created after Ashlynne Mike, a child from Navajo Nation, went missing in 2018. At the time, tribal law enforcement could not notify residents living on the reservation because it had no plan in place, a major issue in other indigenous communities in other parts of the country as well.

Importance of Capitalization Strategies for Sustaining Business

An executive strategic consultant, Dominic O’Dierno, is the CEO of Amare, a consulting firm that advises clients on strategic plan development, investor relations, early-stage business development, and funding strategy. As an operational strategist, Dominic O’Dierno is interested in entrepreneurship, start-ups, Pro-forma financial model, and capitalization strategies.

The capitalization process gathers and uses resources to aid an organization’s objectives and mission over time. Any business needs a capitalization strategy to forecast long term needs. Among its numerous benefits, this plan guarantees strict spending measures and eliminates any chance of using up capital resources too fast. It also enables a sustained effort to gain and access more funds to grow the business and identify the best fund source for each business growth stage. For instance, rather than lease equipment, firms can flexibly obtain credit lines for expenses.

Furthermore, a capitalization plan informs and guides decisions. For instance, a firm may start networking if they realize a need for venture capital or external investors. However, entrepreneurs and businesses need to formulate, and project future capital needs continually. They need to always plan for unforeseen financial stress so they can prepare in advance.

Dos and Don’ts of Pitching to Angel Investors

A graduate of the University of Oregon, Dominic O’Dierno is CEO of Amare, LLC, and works with early-stage businesses. As part of this, he assists with the development of strategic plans and funding strategy, in addition to providing business advice. Dominic O’Dierno also handles investor relations and helps clients find angel investors when necessary.

Pitching to angel investors can be scary, especially considering a failed pitch can prevent your company from raising capital successfully. Below are several dos and don’ts of creating a pitch for angel investors:

1. Do pick your angels carefully

While you may need capital quickly, limiting your pitches to angel investors that are most likely to succeed makes for much more efficient use of your time. So, carefully pick the angels you pitch to and make sure they will add value to your company and are also passionate about your goals for the company.

2. Don’t pitch to just one investor

Don’t put all your eggs in one basket. Take some extra time to network and find several prospective investors that are a good fit for you.

3. Do be clear and concise

Plenty of people get lost sharing unnecessary details in their pitches. This can be avoided if possible. During a pitch, let investors know what you want to do, how you plan on doing it, and how you will make money.

4. Don’t exaggerate your resume

Angel investors care more about your business model and plan than your degree. Don’t exaggerate your credentials to stand out. Be honest and focus on why you and your company are worthy of their money and time.

What Is a Pro Forma Financial Statement?

Dominic O’Dierno is an experienced business consultant and strategist who holds a degree from the University of Oregon, where he received honors that include the Dean’s List and Cum Laude Graduate. Since 2012, Dominic O’Dierno has served as CEO of Amare in Portland, Oregon, where he leverages his expertise in strategic business development, funding strategies, and pro forma financial statements to help clients achieve business growth.

Pro forma, a Latin term, means “for the sake of form”. In the financial sector, the term refers to a method of developing financial results or projections using hypothetical conditions and future assumptions that reflect the most likely business performance.

Pro forma financials, such as pro forma income statements and balance sheets, do not always conform with the Generally Accepted Accounting Principles (GAAP). Instead, they are often presented as part of investment proposals due to their ability to highlight certain areas for investors. Alternatively, pro forma financial statements can be used internally to inform strategic business decision making, develop financial forecasts, or create budgets.

However, companies are currently required by the Securities and Exchange Commission to present a comparable GAAP-compliant statement prepared when issuing pro forma statements.

What a Real Estate Asset Manager Does

An experienced consultant and the chief executive officer of Amare, LLC, in Portland, Oregon, Dominic O’Dierno provides a variety of services such as strategic plan development and funding strategy for clients in several sectors. For several years, Dominic O’Dierno served as an asset manager for Cypress Management, a real estate development firm focusing on mixed-use projects.

Unlike a property manager, an asset manager acts more like the owner of a piece of real estate. A real estate asset manager’s overarching goal is to cultivate the market value of a property on behalf of the owner. Part of the job may be to select the right property manager to handle the property.

Beyond worrying about the day-to-day operations of a property, an asset manager is involved in maximizing the portfolio returns of the asset. Responsibilities include working with leasing agents, negotiating contracts, making upgrades and updates to the property, and even handling investor relations. In a lot of ways, asset managers are like fund managers, except their stock in trade is the income-generating potential of a property rather than the shares of a company.