by Marissa Morah | Sep 28, 2021 | Business Tips
Looking To Reduce Your Overhead Costs? Here Are 8 Tips To Get You Started As your funeral home grows, the more business brought in should result in increasing margins between your revenue and overhead costs. Often, however, overhead costs begin to creep up too and...
by Madison Wagner | Sep 22, 2021 | Articles, Blog, Business Management, Business Tips, Financial Management, Opportunity
“You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don’t see them.” -Jay Abraham What many people don’t realize is that their preneed trust account may be full of...
by Madison Wagner | Sep 16, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business, Succession Planning, Valuations
For businesses of any size, a strategic plan serves as your backbone. Most often contained in a document, a strategic plan articulates your business’s goals, its means of achieving them, and any key performance indicators. When implemented properly, a strategic plan...
by Madison Wagner | Sep 14, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business, Succession Planning, Valuations
Winter Is Coming Sunny business prospects may soon turn cloudy. Just when things were looking bright for funeral home and cemetery sales, the tax people have started closing in. Darker days are on the way in the form of increased capital gains and ordinary income...
by Madison Wagner | Sep 9, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business, Succession Planning, Valuations
While selling a business is undoubtedly an exciting decision, it’s one that can’t be made lightly. Once you sign on the dotted line, there is no going back––your funeral home now belongs to someone else. The business you’ve spent years––if not decades of your...
by Madison Wagner | Sep 2, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business, Succession Planning, Valuations
If you’re getting ready to sell your funeral home, or you find yourself in the early stages of exploring a sale, it’s important to consider the challenges you might face. Appraising the value of your business, finding the appropriate buyer, and sealing the deal can...
by Madison Wagner | Aug 26, 2021 | Blog, Business Management, Business Tips, Customer Experience, Financial Management
Regardless of the industry, any business owner must face the issues of budgets, personnel, and growth. In the funeral profession, however, we face the unique challenges of a small business with emotional weight. Between engaging with our communities, building lasting...
by Madison Wagner | Aug 24, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business
Editor’s Note: We’ve seen some movement in the acquisition market so Funeral Director Daily asked one of the experts in the industry, Jake Johnson, to comment on what he has seen so far in 2021 and what may lie ahead. His comments follow: Jake Johnson: The...
by Madison Wagner | Aug 19, 2021 | Blog, Business Management, Business Tips, Financial Management, Opportunity, Sell My Business
Selling a business is never simple. Debts, assets, liabilities, employees, and market trends all play into the complicated process of finding a buyer and sealing the deal. In the funeral profession, you’ll find some peculiarities that further complicate the process. ...
by Madison Wagner | Aug 12, 2021 | Blog, Business Management, Business Tips, COVID-19, Opportunity
With variants hanging on and case numbers still in flux, it may be difficult to imagine a completely post-Covid world. However, we have faced many moments of adversity throughout human existence. If there is one thing we know for certain from history, it is that life...
