by Admin | Feb 9, 2023 | Blog, Business Management, Financial Management
To run a successful funeral home, you need to hone your pricing strategy. Exceedingly low prices — while attractive to families — prevent you from turning a profit. On the other hand, over-inflated prices can prevent families from booking a service altogether as they...
by Admin | Feb 7, 2023 | Blog, Business Management
In the wake of the Great Resignation, investing in your employees is now more important than ever. If your team members aren’t engaged with their work, then they’ll likely look elsewhere for employment, leaving you high and dry when they give you their notice. By...
by Marissa Morah | Jan 26, 2023 | Case Studies, Sell My Business
Serving the community since the early 1900s, this firm was actively committed to growing and evolving with the needs of their community, making them a staple and a familiar face to the families in their surrounding towns. As time went on, they expanded their services...
by Marissa Morah | Jan 24, 2023 | Blog
Changes could be coming regarding the level of online pricing transparency for funeral homes and cemeteries in the upcoming year. It’s important that owners, managers, and staff alike are on the same page regarding updates happening within the FTC and have the right...
by Admin | Jan 3, 2023 | Blog, Business Tips, Opportunity
COVID-19 heavily impacted the death care profession, preventing people from gathering in person and accelerating a number of existing trends, both in terms of families and employees. In 2023, we can expect the increasing popularity of alternative memorial services, as...
by Admin | Dec 27, 2022 | Blog, Succession Planning
Team Compensation As part of your year-end planning, you’ll want to revisit the salaries of your team members and ensure they’re being paid a competitive rate. Since most employees expect a yearly raise of some sort, you’ll also want to account for additional monies...
by Admin | Dec 19, 2022 | Blog, Sell My Business
For many, selling a funeral home feels like a victory lap — the culmination of decades of owning and operating a successful business. That said, an impending sale requires careful attention and planning. Failing to consider all the components of a successful sale can...
by Michaela Oleary | Dec 13, 2022 | Blog, Business Management, Business Tips, Financial Management, Valuations
Questions to ask yourself as a business owner: As we near the end of the calendar year, you might be thinking about the status of your business. Are you growing in the ways you had hoped? Are you meeting or exceeding goals? Is your staff aligned with the goals you’ve...
by Admin | Dec 8, 2022 | Business Management, Business Tips
Communication is key in any relationship, and in a professional environment, regular reviews are a crucial part of developing that communication between the leader and their team. When conducted properly, performance reviews allow supervisors to fairly assess their...
by Admin | Dec 6, 2022 | Blog, Business Tips, Financial Management
To run a successful death care business, you’ll need to treat budgeting as an integral facet of your strategic planning — not just in the short-term but in the long-term, too. While industry trends can cause a funeral home’s revenue to grow or shrink within any given...
