Tag: funeral business

Moving into niche death care
Business

Moving into niche death care

Today’s Funeral Director Daily feature will have a decidedly Minnesota bent to it.  We are going to tell you of Angela Woosley, a mortician and recently a senior teaching specialist at the University of Minnesota who has decided to leave the academic world and pursue her own business that will provide alternative end-of-life options for clients, legacy project planning, and planning for in-home vigils and funerals. And, we will tell you a little bit about the state’s readiness when it […]

Keeping the business flowing
Business Cemetery Products

Keeping the business flowing

I love the idea of “American ingenuity”.  To me it means the thought process that is developed to keep things moving ahead even when the system to do so has been upended.  And, around the world this Spring, the system has truly been upended with the advent of the COVID-19 situation. However, if you are a small business, you have to figure out a way to keep the cash rolling in so that you can pay the bills.  Many small […]

Security National reports revenue up, income down in Q1 2020 results
Finance

Security National reports revenue up, income down in Q1 2020 results

Back on May 18,2020, Security National Financial Corporation (SNFC) reported its 1st Quarter 2020 results that encompassed the period from January 1, 2020 to March 31, 2020.  The results, which you can see in a press release here, showed that the company increased revenues in the period compared to the prior year’s revenue by 29.2% but after tax earnings dropped 26.2%.  Net earnings per share for the quarter were $0.08 as compared to the 2019 1st Quarter net earnings of […]

News funeral professionals can use
Regulations

News funeral professionals can use

In our continuing efforts to keep death care professionals up to date on information available to the profession we pass these items along to you.  Please feel free to share with colleagues and others in the industry. Webinar:  NFDA Town Hall.  This informational webinar is brought to us by the National Funeral Directors Association.  Its two-fold purpose is to introduce NFDA members to five funeral industry colleagues who are at large board candidates for NFDA board positions.  Secondly, NFDA Counsel […]

The savings rate and what it can do for preneed and cemetery sales
Cemetery Preneed

The savings rate and what it can do for preneed and cemetery sales

It’s not even noon on Sunday yet and I’ve had a pretty good day already.  Minnesota has allowed churches to open at 25% of capacity so my wife and I attended church today, albeit wearing masks and sitting far from anybody else, for the first time since mid-March.  Also, singing was banned for just instrumental music, but for someone who has a spiritual bent to them, it felt really good to be in church.  I’ve also had a chance to […]

Survey says funeral trends changing
Business

Survey says funeral trends changing

Cision PR Newswire published the results of the Foresight Companies 2020 Funeral and Cemetery Behavior Study on Wednesday.  You can see the Cision article here.  In it they mention that this survey was based on 2,548 respondents “drawn from a nationally representative panel sample of U.S. residents.” Chris Cruger, Partner and Chief Operation Officer at the Foresight Companies was quoted, “The resulting business implications the study points to are colossal – especially for a sector largely unchanged for decades.  How […]

Random thoughts:  Building market share through preneed. . . .CBS Interactive’s “The Future of Funerals’ series
Business Preneed

Random thoughts: Building market share through preneed. . . .CBS Interactive’s “The Future of Funerals’ series

For almost 40 years our funeral home has had advertising for preneed clientele based on the premise, “Like an umbrella in a sudden shower, some things are good to have before they are needed”.  In different ways on radio, print, and online we go on to explain that preneed funeral insurance is one of those things that should be purchased before needed.  It has been a very positive promotion of preneed and, of course, we carry it all the way […]

How COVID-19 death care can affect the economy in many ways
Regulations

How COVID-19 death care can affect the economy in many ways

Today (which is Tuesday-as I usually write these columns a day ahead of time) in Minnesota is a warm, humid morning with threats of rain.  I usually take a run every morning and because of the weather I did so indoors on the treadmill while flashing the television between CNBC and Fox News. The television stations were telling of what looked like a pre-market rally in stocks and also were consumed with the opening of the American economy over the […]

Carriage Services reports First Quarter 2020
Finance

Carriage Services reports First Quarter 2020

A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends.  It is interesting to note that their First Quarter report that you can access here is titled, “First Quarter and April 2020 Results”. Here is what President and Chief Operating Officer Bill Goetz did say about the first quarter.   “Our performance through […]

Catching up with Batesville and Assurant
Finance

Catching up with Batesville and Assurant

Hillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of about 1% in revenue for their 2nd Quarter 2020 which encompassed the January 2020 thru March 2020 period.  According to their report, that you can […]