Business

An “Address” that resonated with me

By Funeral Director Daily / May 17, 2022 /

I read this article in the Metropolis (IL) Planet the other day.  And, quite frankly, it really resonated with me.  Part of the reason is that when I researched Metropolis it seemed much like the community that I grew up in. The article revolves around Metropolis funeral home owner and mortician Emily Farmer Loftus and…

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The Cost of Cremation

By Funeral Director Daily / May 13, 2022 /

Earlier this week I came across this article on how the State of Hawaii is now poised to become the 22nd state of the United States that will legalize alkaline hydrolysis.  I’ve said before that even though it has been since 2003 that the first state in the country legalized alkaline hydrolysis — that’s almost…

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The pandemic, health insurance and the effects on your business’ future

By Funeral Director Daily / May 12, 2022 /

I’m one that always tries to gather information from whatever source(s) I can when I analyze anything.  As we’ve moved through the Covid-19 pandemic that has been a frustrating proposition, because from my point of view, I have seen analysis and decisions all become too political in nature and I have a hard time deciphering…

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Poverty level funerals. . . whose responsibility to pay

By Funeral Director Daily / May 9, 2022 /

“Blessed are those that mourn, for they shall be comforted,” It is something that always seems to be around the nexus of free enterprise and government intervention or regulation when it comes to the death care services of those poverty level citizens of our communities.  The “It” is the debate about the value of what…

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Warren Buffet on “How to beat inflation”. . .it will work for your funeral home

By Funeral Director Daily / May 5, 2022 /

After two years of absence because of the pandemic, the Berkshire Hathaway Annual Meeting was once again held in person last weekend in Omaha, Nebraska.  91-year old Berkshire Hathaway CEO Warren Buffett again presided over the meeting and, as usual, gave sage advice on many aspects of business. In responding to a question about what…

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Checking your mindset. . . self-examination is good for business

By Funeral Director Daily / May 3, 2022 /

Just as you would take an inventory of your physical health at least once a year, I also think it is imperative that you take a look at your business’ health at least that often.  And, while we meet with our bankers and accountants to take a deep look in the financial health of our…

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Recapping FY 2021 with the public companies

By Funeral Director Daily / May 2, 2022 /

When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year.  As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…

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There’s value in that signage

By Funeral Director Daily / April 27, 2022 /

For a long-time I’ve been a believer in TOMA — “Top of Mind Awareness” for funeral home brand building which can lead to market share building.  “Top of Mind Awareness” is defined as one measure of how well a business brand ranks in the minds of the consumer. And, I’ve always felt that TOMA was…

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Rising interest rates, rising costs, rising inflation. . . . what does it mean for funeral homes

By Funeral Director Daily / April 20, 2022 /

Here’s an interesting fact as reported in this article from CNN, “The 30-year fixed-rate mortgage averaged 5% in the week ending April 14, up from 4.72% the week before, according to Freddie Mac. That’s the highest since 2010″. Here’s a couple of other quotes concerning our economy from this recent article in Yahoo Finance, “Generally speaking,…

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Will we see a “Pull-forward” effect?

By Funeral Director Daily / April 19, 2022 /

Since the world started to deal with the deaths related to the Covid-19 pandemic beginning in March and April of 2020 there has been a question in the death care world about the theory of “pull-forward” deaths. . .and if there are “pull-forward” deaths, what will that do to the profession in the years following…

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