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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.

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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.

Royal Rosarians Help Portland’s Public Life Blossom

Since 2012, Dominic O’Dierno has brought his wide-ranging background in financial strategy to inform his role as CEO of Amare, LLC, a consulting firm that provides senior executive-level advice on management, development, funding, and investor relations to clients in the real estate, healthcare, and other industries. Outside of work, Dominic O’Dierno is a strong supporter of the Royal Rosarians and other local organizations in his Portland, Oregon, community,

The Royal Rosarians are a volunteer charitable group that serves as the City of Portland’s official greeters and goodwill ambassadors. Members enhance local parades and serve as welcoming committees for foreign dignitaries and other prominent visitors. Over the years, these visitors have included President Harry S. Truman, First Lady Eleanor Roosevelt, and performers Frank Sinatra and Carol Channing.

Rosarians also plant rose bushes in ceremonies held in cities all over the world, wherever Portland has developed civic ties. The “City of Roses” has nine current Sister City relationships, including those with Sapporo, Japan; Guadalajara, Mexico; and Bologna, Italy.

Portland has been known as the “City of Roses” for more than 100 years, thanks to the tens of thousands of roses planted to enhance its 1905 Lewis and Clark Exposition, and its first Rose Carnival and Fiesta in 1907. The Royal Rosarians group is also well over a century old, established in 1912.

How Yoga and Meditation Improve Sleep

Before starting his role as CEO of the consulting firm, Amare, Dominic O’Dierno co-founded Eid Passport, where he served as senior vice president for 11 years. Dominic O’Dierno dedicates to his wellness in his free time and is interested in health and nutrition research, meditation, and yoga.

Yoga and meditation are two different wellness practices that can be combined or done separately. It is scientifically proven that both practices are useful for people with trouble sleeping.

Poor sleep quality can be associated with numerous factors, including high blood pressure, obesity, depression, and anxiety. Meditation can relax the body and release tension, and those who become skilled in this practice are more likely to control the racing thoughts that often lead to insomnia.

A study from 2005, for example, divided participants into three groups: a control group, one practicing yoga, and another taking an herbal preparation. The yoga group has shown better results than the other two groups, falling asleep faster, sleeping for longer, and feeling more well-rested in the morning.

In 2004, a study showed that both yoga and meditation increased the secretion of melatonin, the hormone that regulates sleep. In this study, a group of men had their maximum nighttime melatonin levels raised after practicing yoga for three months.

Factors to Consider When Taking Supplements

Portland, Oregon resident Dominic O’Dierno serves as CEO for Amare, LLC, a consulting firm that advises other businesses. In addition to his profession, Dominic O’Dierno’s interests include finding ways to eat healthy, including taking supplements to gain complete nutrients.

These supplements can come in many forms, such as pills, powders, or liquids. To qualify as a supplement, they have to contain. at minimum, one dietary ingredient (i.e. amino acids, herbs, minerals, botanicals, or vitamins). Today, some of the most common supplements include calcium, Echinacea, fish oil, garlic, Vitamin D, green tea, St. John’s wort, and ginseng.

Supplements can be used for a variety of reasons, such as weight loss, bulking up, and replacing vital nutrients. However, the purpose of the supplement is to support optimal health by supplementing nutrients that might be missing in the diet.

When taking supplements, users have to make sure that they are taking in them in the right amounts. A certain amount of these minerals already exist in the body, and adding more than the body needs does not translate into better health. Alternatively, taking too many supplements can increase certain conditions, for example, too much Vitamin A negatively affecting bones. Those taking supplements should consult their physician before beginning a regimen that includes supplements.

How to Tell a Business is Mature and What to Do About It

Oregon-based entrepreneur Dominic O’Dierno serves as the CEO of Amare, LLC, a business consulting firm. A graduate of the University of Oregon, Dominic O’Dierno has held his current role for more than eight years and is skilled in advising clients in areas of growth and expansion of early-stage businesses.

There are five basic stages in the business lifecycle, with maturity being the final stage. By this point, companies see stable profits every year. They consistently meet growth and benchmark goals for the company and have largely moved beyond major capital expenses. Expenses in the maturity stage focus more on the workforce, customer base, and property maintenance, rather than acquisition.

Beyond this, companies in the maturity stage have a solid sales funnel. While there are still new customers, most of them come to the business on their own without aggressive marketing campaigns. The bulk of sales are from existing customers.

Although many companies strive to reach the maturity stage, they do not want to remain in this stage for a long period of time. If they do, the business will stagnate and sales will slowly decrease. Rather, owners must begin considering either expanding a mature business or exiting the market to ensure that the business completes its lifecycle successfully.

The Royal Rosarians’ Milk Carton Boat Race

A longtime resident of the greater Portland area, Dominic O’Dierno graduated from Beaverton High School in Beaverton, Oregon, before studying finance and marketing at the University of Oregon in Eugene. In addition to leading Portland’s Amare as its chief executive officer, Dominic O’Dierno volunteers with the civic organization Royal Rosarians.

As part of their general mission to serve as goodwill ambassadors for the city of Portland and promote its annual Rose Festival, Dominic ODierno and his fellow Royal Rosarians have presented the Royal Rosarians’ Milk Carton Boat Race each year since 1973. This event takes place at the Westmoreland Casting Pond in Southeast Portland’s Sellwood Neighborhood, and is free for participants and spectators alike.

The milk carton boat race gives both children and adults the opportunity to present and race unique, handmade, human-powered boats that float on the water using only recycled milk cartons and jugs. In 2018, these boats and their creators/pilots competed in nine different categories, including a brand new people’s choice category.

Pro Forma Models for Business Forecasting and Projections

Based in Portland, Oregon, Dominic O’Dierno serves as CEO of the consulting firm Amare, LLC, and provides client-driven advice to early-stage businesses. Dominic O’Dierno’s is also knowledgeable of business plan writing and the use of pro forma financial models.

With “pro forma” meaning predicted, or forecast, this model is commonly employed within financial statements that do not look at a company’s past performance, but rather at what the company expects to earn. These statements include elements such as cash flow, projected revenue, and estimated costs and expenses over a three to five-year time frame. Pro forma considerations may also encompass significant changes, such as an anticipated merger or acquisition. Analysis is also a fundamental part of pro forma statements and these range from sales forecasts to projections based on economic and marketplace trends.

Pro forma models are primarily used for providing a budget or benchmark that is referred to in a variety of situations. For example, they may be used to determine quarters in which operating expenses are set to run high. They also provide a blueprint of expected sales to which actual results can be compared as strategies are developed going forward.