by Marissa Morah | May 3, 2022 | Business Tips, Valuations
Many funeral homeowners make the mistake of only conducting a valuation when they are ready to sell, estate planning, significant change in their lives/businesses, refinancing or are looking for funding. But the reality is, that you should know where your business...
by Marissa Morah | Apr 28, 2022 | Blog, Business Management, Business Tips
For funeral homes, increased value means you can expand your services, hire more employees, and more effectively serve your community. Increased value also means more financial gain when it’s time to sell. Here are some surefire ways to increase the value of your...
by Marissa Morah | Apr 26, 2022 | Business Management, Business Tips
No matter how successful your funeral home, and no matter how much passion you pour into it, there will come a time where you must exit your role as its director and/or owner. Whether you sell the business or bequeath it to your child, it’s important to begin planning...
by Marissa Morah | Apr 7, 2022 | Business Tips
In the wake of the pandemic, the funeral industry is experiencing unprecedented change. Once a business in which you could rely solely on reputation and relationships, death care is now seeing rising cremation rates, a preference for “green” burials, and the increased...
by Marissa Morah | Mar 31, 2022 | Business Tips, Financial Management
As a funeral director, one of your most important tasks is keeping track of your money––both in terms of revenue and expenses. Detailed financials are not only an essential part of planning, but they also come in handy when figuring out what you owe in taxes. Rather...
by Marissa Morah | Mar 29, 2022 | Business Tips
By offering employees at your funeral home an incentive compensation plan––that is, tying their wages to sales, client satisfaction, and company health––you provide an extra dose of motivation for exceptional workplace performance and increase the chances of...
by Marissa Morah | Mar 24, 2022 | Business Tips
Everything You Need to Know About Feasibility Studies for Expansions With the growing popularity of cremations and alternative funeral arrangements, many funeral directors are contemplating expanding their business. These expansions hold the potential to not only...
by Marissa Morah | Mar 10, 2022 | Sell My Business
Selling a business of any kind is a complex process, one that requires patience, planning, and fortuitous timing. And when it comes to selling a funeral home, you also face the issues of finding qualified buyers and determining the appropriate value of your...
by Marissa Morah | Mar 8, 2022 | Financial Management
To a certain degree, we all understand the importance of preneed funeral sales. A fully fleshed-out portfolio of preneed arrangements ensures that you and your team have work lined up for the future––not to mention money in the bank. But apart from securing future...
by Marissa Morah | Feb 25, 2022 | Business Tips, Uncategorized
As the saying goes: “If it ain’t broke, don’t fix it.” For many years, the funeral profession operated by this logic, focusing on traditional burials and memorials that closely resemble those of the early 1900s. However, with the onset of the pandemic, we’re...
