by Marissa Morah | Aug 11, 2022 | Business Management, Business Tips
During the pandemic, funeral businesses deployed extraordinary measures to stay afloat. We adapted to virtual gatherings, embraced the rising popularity of cremation, and––for many––weathered the storm of staffing shortages. As we reach the back end of 2022 and fall...
by Marissa Morah | Aug 10, 2022 | Blog
It’s important in every stage of your career in funeral service to realize you’ve never reached your peak of learning. Afterall, society continues to evolve which leads to family’s needs changing. We saw this happen in just the past two years with all of the shifts...
by Marissa Morah | Aug 4, 2022 | Business Tips, Financial Management
Securing financing is one of the first steps to starting your funeral home. And while important, it’s what happens after you’ve been approved for a loan that makes the difference. Here’s what you need to do. Perform a Break-Even Analysis Once you’re approved...
by Marissa Morah | Aug 1, 2022 | Blog, Business Management, Financial Management
Commercial loan interest rates are rising, but they’re still lower than they have been over the last decade. This leaves many funeral directors wondering: Is it time to refinance? Refinancing your funeral home’s debt to a lower rate can help free up cash flow,...
by Marissa Morah | Jul 1, 2022 | Business Management, Financial Management, Opportunity
Every funeral director understands the importance of tracking their money, and many take on accounting duties themselves; however, there is much more to accounting than tracking revenue and expenses in preparation for tax season. When implemented properly, accounting...
by Marissa Morah | Jun 28, 2022 | Valuations
More than a prerequisite for selling your funeral home, a valuation is an essential component of understanding where your business stands. By taking the time to analyze your funeral home’s position in the marketplace, you can more effectively plan for the future,...
by Marissa Morah | Jun 16, 2022 | Business Tips, Customer Experience
To run a successful funeral home, you must provide an exceptional experience for families every time. Beyond facilitating a memorial service, your staff should provide for the emotional and logistical issues that come with a loved one’s passing. With that said, it’s...
by Marissa Morah | Jun 13, 2022 | Business Management
Watching the money is key to running a successful funeral home; however, most business owners fail to do so properly–choosing to focus mainly on quarterly taxes instead of more frequent check-ins. The reality is that conducting monthly financial reviews provide the...
by Marissa Morah | Jun 2, 2022 | Business Tips, Customer Experience
As a funeral director, there are many ways you can boost your bottom line––cutting operating costs, increasing preneed sales, and embracing alternative services––however, the most valuable way to increase revenue is by retaining customers. One study finds that a 5%...
by Marissa Morah | May 31, 2022 | Business Tips
For funeral businesses of any size––at any stage––a funeral business consultant can help you ensure success. Armed with death care industry experience and expertise, they can assess the performance of your funeral home and help you implement effective growth...
