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Predicting Financial Success: Developing an Appropriate Cash Flow Forecast
November 18 @ 1:00 pm - 2:30 pm
It’s important for a business to have in place the best procedures to ensure the most success, even in the most unexpected situations. Having cash flow projections and open conversations with professionals in your network will help you predict what steps you need to take during the tough times.
Vince Stasiulewicz and Randy Gerber will be having a discussion on why it is important to create a cash flow forecast and how it can lead to success, even in the most difficult, unexpected times.
You will walk away with knowledge on:
Creating models based on best, moderate and worst case scenarios
Making sure that cash flow projections are appropriately bench marking your financial statements as a percentage of sales
Ensuring that the assumptions that are being put into the cash flow forecast are supportable and achievable
Encourage transparency in discussion with creditors, landlords, etc
Consider utilization of a third party expert to opine on the forecasts to provide credibility
Accuracy and timeliness of data is key in developing a meaningful cash flow forecast
Be flexible and change agile
Client Executive, Hylant
A proven industry professional, Vince is responsible for the structure and day-to-day servicing of property, casualty and risk management accounts. This includes coordinating with team leadership and resources for the benefit of his clients. Vince and his team bring significant expertise in identifying areas of weakness in a client’s insurance program and building insurance contracts that will best protect his clients at the least possible expense.
Vince is a viewed within the industry as an expert when it comes to accounting, risk management, internal controls and financial reporting issues across a wide array of industries including, but not limited to, restaurants, private equity, retail and healthcare. This deep familiarity allows him to provide Hylant’s clients with appropriately designed risk management solutions and consulting arrangements. Vince spent over a decade as a leader within the national restaurant practice of an international public accounting firm where he engaged in audit and consulting arrangements for his clients with experience spanning audits, reviews and compilations for franchisors, franchisees and independent brands.
Vince’s experience includes working with public and privately-owned businesses for external audits, reviews and compilations of financial statements; tax consulting; and employee benefit plans utilizing a risk-based methodology and approach. He works with entrepreneurs, focusing on all aspects of their financial and operational risk and strategic business needs.
Industry Associations and Board Positions
Vince is a member of the executive committee of the Board of Directors of the Ohio Restaurant Association, is Board Treasure for Keep Ohio Beautiful, is an accounting task-force committee member for the International Franchise Association, is a member of the Ohio Society of CPAs and is also a member of the American Institute of Certified Public Accountants. Vince also resides on the sponsorship committee for the Ronald McDonald House of Central Ohio Charities, an organization near and dear to his heart.
Education and Accreditations
Vince graduated magna cum laude in the Business Administration (Cohort) Honors Program from the Ohio State University with a Bachelor of Science in business administration, majoring in accounting.
Founder & Principal, Gerber, LLC / Lead Advisor
In the heart of Columbus, Ohio’s entrepreneurial ecosystem – and not far from the stadium of his beloved Buckeyes – is the office of Randy Gerber. Randy is a successful business owner, a devoted family man, an OSU alumnus (and arguably their biggest fan), and a leader in figuring out how to simultaneously have a successful business and a robust personal life.
Born and raised in Buffalo, New York, Randy knew he was called to do something different. He moved away from his family and the wings at Barbell Bill Tavern (his favorite food to this day), to attend The Ohio State University where he graduated from the Fisher College of Business. Bypassing the “safety” of a corporate career, he founded his own business in 1991. Gerber, LLC is a professional services business focused solely on improving the business and overall happiness of first-generation entrepreneurs. His holistic approach integrates his clients’ personal ideas and aspirations with their business, life and financial goals. His business has 16 employees and has served over 200 clients.
Randy is publishing his first book, “The Integrated Entrepreneur: Achieving Happiness in Relationships, Business & Life” a decade-long project his friends teased would never get done. But it will be worth the wait. It describes how first-generation entrepreneurs can integrate work demands with the many personal relationships in life throughout the five stages of success and two stages of temporary failure. Citing personal experience and real-world examples, Randy’s book is a must-read for any entrepreneur seeking the clarity and direction to be a success in both business and life.
Randy has been an active member of the Entrepreneur’s Organization’s Columbus Chapter, a global peer to peer network for entrepreneurs, serving as a board member six times since 2000. He has shared his professional expertise at numerous professional speaking engagements around the country, including the Raymond James National Conference, EO, Vistage and Leadercast events; local events; and many webinars and podcasts.
Outside of the office, Randy enjoys having fun with his family and friends, and makes time to do both. He lives in Upper Arlington with his wife Emily, their three children, and their spunky golden doodle, Eddie. He’s an exciting golfer – but not necessarily a good one – and he believes that laughter is the ultimate elixir. He’s a firm believer in practical jokes and pledges to continue to stage them (and be a good sport when he’s the recipient of them) for the rest of his life. He’s the proud five-time winner of Scioto Country Club’s “Big Splash” award for his notorious cannonballs. He enjoys cheering his favorite sports teams to a win with his friends, and appreciates a flavorful bourbon, a refreshing White Claw, and his hometown’s famous Beef on Weck.