by Jake Johnson | Mar 14, 2024 | Blog, Business Management, Business Opportunity, Business Tips, Customer Experience, Financial Management, Opportunity, Succession Planning
The funeral profession is on the brink of a significant shift, with 50% of funeral businesses expected to change hands as the next generation takes the reins.The burning question for funeral home owners is not just how to adapt to this change, but how to turn it into...
by Nelson Thulin | Feb 9, 2024 | Blog, Business Management, Business Tips, Financial Management, Succession Planning
Navigating business continuity in the death care profession demands strategic foresight, especially when confronted with unexpected challenges. There’s much to consider while owning and operating a funeral home: When to retire. Who is next in line for funeral home...
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 | Oct 10, 2022 | Succession Planning
Whether you’re passing your funeral home to the next generation, or selling, it’s important to have a plan of succession in place. This helps to ensure the business you’ve built continues to grow even when you’ve left. Plan Early While your options for exit...
by Madison Wagner | Oct 28, 2021 | Blog, Business Management, Financial Management, Sell My Business, Succession Planning, Valuations
Selling doesn’t have to be spooky Thinking about your business exit strategy can feel like you’re walking in darkness without knowing what’s lurking around the next corner. Planning to sell your business doesn’t have to be so scary! Selling is just a part 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...