by Madison Wagner | Oct 8, 2021 | Articles, Blog, Business Management, Business Tips, Financial Management, Opportunity
In order to predict the future, you must first have a firm grip on the present. To gain this understanding, Johnson Consulting Group sent out a survey to its clients seeking the current prevailing perspectives and attitudes in the funeral services and cemetery...
by Marissa Morah | Oct 8, 2021 | Business Tips
Selling a Funeral Business: Keys to Your Success While you likely know the process of running your funeral home like the back of your hand, the decision to put it on the market should not be made lightly or hastily. You’ll want to consider market conditions, the value...
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...
