Do you understand why your business has a profit? It is simple math. Revenue, minus Cost of Goods Sold, minus Operating Expenses equals Profit. If profit is as simple as a 3 entry math equation, then why have profits declined 60% or more during the past 30 years of the funeral profession? The simple reason […]
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Financial and operational plans aren’t the only aspects of strategic business planning. Astute owners will also consider marketing. My fear in composing an article on strategic planning is repeating myself. Funny that I don’t have that same fear when telling jokes to an audience, but to an audience of readers, I am concerned about this. […]
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Consumers are shifting away from burial toward cremation, so what does that mean for the future of caskets? The answer depends on the lens from which you are viewing the funeral world. As a funeral home owner, the future looks dim for your casket merchandising. The same number of caskets are sold in the U.S. […]
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Relationships and reputation are the keys to convincing undecided consumers to choose your funeral home. Make sure your marketing is based on that fact. Funeral service professionals continue to face challenges as consumers shift away from “traditional funerals.” In fact, “traditional funeral” is jargon specific to funeral directors which often evokes misty eyes and wistful […]
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Ideas for financial stability, operations and marketing require implementation. We operate in a profession where “slow to change” is worn like a badge of honor even though this resistance is an impairment to your business and your profit. Those who propagate new ideas are often ridiculed with the famous phrase, “My families won’t go for that,” which […]
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