Would you trust a fortune teller to predict your future? A quick glimpse into their crystal ball would reveal everything, right? Well, while fortune telling sounds tempting, it’s not really an option for funeral professionals thinking about their future plans. If you are a funeral home or cemetery owner wondering what things will look like five or ten years down the road, your best bet is to consult with a business broker.
Why You Need a Funeral Business Broker
In Episode 8 of the “M&A Minute” video series, Jake Johnson (CEO and President of the Johnson Consulting Group) explains how funeral business brokers can help you see what the future looks like for your company. A good broker knows how to ask the right questions to get you thinking about what lies ahead: “Where do you see yourself five years from now? Are you growing your business? Maybe you are retired or buying another firm?” These are important questions for any business owner, and talking through these topics with an experienced funeral expert can be a useful exercise in effective strategic and financial planning.
Create a Successful Exit Strategy
Unlike fortune tellers who only “predict” the What, dedicated business brokers can help you foresee the Why and the How. After all, it’s not just about where you see your business in 10 years—you also have to consider which path to take to your final destination and evaluate potential obstacles you may encounter along the way. “That’s why it’s so important to start the process now so that five or ten years, or even more down the road, all those things you envision are a reality,” Johnson says.
Johnson Consulting Group (JCG) is the largest broker in the funeral industry, our team of experts have helped thousands of funeral home, and cemetery professionals create successful exit strategies. If you are interested in learning more about what the future holds for your business, please contact us today.
Jake Johnson and the Johnson Consulting team created the M&A Minute to help business owners through the process of buying or selling a business. The M&A Minute utilizes Jake and the JCG team’s knowledge to give advice that helps individuals feel confident and at ease when going through one of the most important times of their lives, selling or purchasing their most valuable asset. The M&A Minute is released every other Thursday. You can watch episode 8 now. Follow us on Facebook, LinkedIn, and Twitter to get M&A Minute updates.