Business

’tis the Season. . . How’s your charitable giving?

By Funeral Director Daily / December 1, 2023 /

  It’s hard not to notice all of the mail I get at this time of the year from charities asking me to remember them in my charitable giving for the year. . . . . I’m guessing that you probably give through your individual status, but have you ever thought of having a program…

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Demographics and location continue to drive physical plant values

By Funeral Director Daily / November 30, 2023 /

    There is no doubt that the value, in totality, of your funeral business not only will come from your operations, but the location of your physical building as well.  Demographics, whether it be influx or outflux, as well as the nature of your community may change the value of the funeral home physical…

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Learning from, and planning for, your funeral business in this economy

By Funeral Director Daily / November 29, 2023 /

    According to this recent article from USA Today “discretionary” consumer spending is down, consumer savings rates have fell, and use of consumer credit card debt has shot up in the last quarter with its largest jump since 1999. . . . That’s probably all good information to know, but what does it tell…

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Employer sponsored healthcare expected to continue to increase in cost

By Funeral Director Daily / November 28, 2023 /

    If your a small business owner in America you are used to having to find solutions to the issues at hand.  Recently its been interest rate increases and inflation that have threatened the bottom line.   And, just when you think you might see some light at the end of the tunnel such…

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60 Years ago today. . . and the story of the “Kennedy casket”

By Funeral Director Daily / November 22, 2023 /

  Imagine it is lunch time at the funeral home you work at when you get a call from the hospital two miles away that you need to immediately bring the best casket you have to the hospital.  And, by the way, it is for the President of the United States.   That’s the call…

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How do you brand and market your Direct Cremation?

By Funeral Director Daily / November 21, 2023 /

  It’s Thanksgiving time and, of course, we all think about turkeys.   I probably think about turkeys a little differently than you do, however, because at one time I served on the board of a turkey growing operation.  You might not know this but my home state of  Minnesota is the top producer of turkeys…

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Life Expectancy drops again in United States

By Funeral Director Daily / November 17, 2023 /

      According to this recent article from Stat, life expectancies in America have dropped and the gap between Men’s life expectancies and Women’s life expectancies continues to widen.  The statistics show that men now have life expectancies 5.8 years less than women.   Overall United States life expectancies have dropped from 78.8 years…

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Navy promotes first woman mortician to Senior Chief

By Funeral Director Daily / November 10, 2023 /

      Sometimes we have to be reminded of how wide reaching a career in mortuary science can be.  I’ve been an advocate of mortuary schools not only training students to become competent morticians but of also asking them to teach Financial Literacy and Business Economics so that those who begin as embalmers and…

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Will the “tailwinds” soon be back for death care M&A activity?

By Funeral Director Daily / November 9, 2023 /

  Going back to this August article from Donnelly Financial Solutions they believe that merger and acquisition activities were low earlier in 2023 because, at least in part, “Rising interest rates made it unappealing to borrow money. Inflation shifted company focuses elsewhere.  (and) Global volatility also swayed companies to press pause on M&A activity.” Nonetheless,…

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“Both Sides Now”

By Funeral Director Daily / November 7, 2023 /

      When I served on the Board of Regents for the University of Minnesota it was the first and only board representing the citizens of my state that I had the privilige to govern on.  With that privilige I also felt a huge obligation to make sure that I heard “both sides” of…

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