Funeral Director Daily

Building your brand for Lifetime Value

By Funeral Director Daily / March 28, 2022 /

I love business and the challenge of building a business.  To me it is very much like a jig-saw puzzle. . . . you have to work with the pieces you have and continue to move them around until they, like a jig-saw puzzle, fit together and make everything work. I served on the Board…

One of our finest dies

By Funeral Director Daily / March 25, 2022 /

Worcester, Massachusetts, funeral director Peter Stefan, age 85 died this week.  Stefan made a name for himself, not as a businessman, but as a man and funeral director, of compassion.  Even in a profession which exudes compassion among its workers, Stefan stood out to his peers. Stephen Teasdale, the Executive Director of Worcester’s Main South…

Preneed company and Live Oak Bank announce partnership

By Funeral Director Daily / March 24, 2022 /

American Enterprise Group (AEG), parent company of preneed insurer Great Western Insurance Company (GWIC) and innovative financial lender Live Oak Bank have announced a partnership that will make it possible for funeral home and cemetery business owners to access up to $20 million in capital.  A recent press release on the strategic partnership announced that…

Tidbits from my desk. . . including news you can use

By Funeral Director Daily / March 23, 2022 /

As Funeral Director Daily becomes a more popular medium read by more and more death care insiders, I also receive more and more news from funeral home and cemetery interests.  It becomes impossible, in a one-topic per day blog, to feature each and every bit of information I receive.  So, in an effort to get…

Ohio cemeteries, funeral homes spar over “trusting” requirement

By Funeral Director Daily / March 23, 2022 /

Ohio Senate Bill 224 will make over a dozen changes to the state’s funeral and burial laws according to this article from Cleveland.com.  The bill will do such mundane things as increasing the price to reactivate a funeral director’s license and it will also establish a more formal process for families to collect money from…

Can you make inflation work for you

By Funeral Director Daily / March 22, 2022 /

I recently read an article from Yahoo Finance written by Andy Serwer that asks the interesting question, “(Is) inflation the business opportunity of a lifetime?”  You can read that article here. Serwer explains that after almost fifty years of very low static inflation that we may be in for a much higher rate for the…

Our Top read stories of the last 30 days

By Funeral Director Daily / March 21, 2022 /

As has become our custom, in an effort that our readers don’t miss the most popular stories published on Funeral Director Daily, we re-cap them in this format for you.  This month those stories include a look back in time at the Tri-State Crematory incident as well as a look right here in the present…

What’s happening with “Green Burials”?

By Funeral Director Daily / March 21, 2022 /

Every day when I search for articles that relate to our profession I see multiple articles that deal with “Green Burial”.  And, if you follow trends, you will know that the rule is that before trends are adopted in common use, they grow in media articles as people are learning about them. So, I see…

Amazon movie in production based on the fall of Loewen Corporation

By Funeral Director Daily / March 18, 2022 /

It’s been a long-time since the 1995 court case where a Mississippi funeral home owner sued Canadian public funeral home company The Loewen Group for $5 million for what the plaintiff described as a “breach of contract”.  The lawsuit led to a $500 million jury award in a Mississippi court and virtually put the Loewen…

Carriage Service’s CEO Mel Payne on “Death Care financing transformation”

By Funeral Director Daily / March 17, 2022 /

I’ve written before about Peter Lynch’s 1989 best-seller “One up on Wall Street”.  It was a learning book for me and one where I had a coming of age introduction to different types of investing.  One of Lynch’s topics in the book was the death care company Service Corporation International (SCI).  He likened the company…