Posts

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…

Don’t forget about free Continuing Education credits offered by Wilbert

By Funeral Director Daily / May 4, 2022 /

If you are like me, you might not even know where you are sitting with Continuing Education credits to keep your license current.  I need to check because I know that because of the Covid pandemic some of the CE credits required for my funeral director and insurance agent requirements were temporarily suspended because of…

Matthews reports Jan thru March quarter. . . Revenues up, Operating Profits down

By Funeral Director Daily / May 4, 2022 /

Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week.  Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report.  You can access a copy of…

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…

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…

Imitation is the sincerest form of flattery

By Funeral Director Daily / April 29, 2022 /

I’ve said in this forum, while Natural Organic Reduction (what some call human composting) is not for me. . .  as an entrepreneur I’m somewhat in awe of how Katrina Spade moved the idea for human disposition from idea to a legal process of disposition.  Spade not only had to prove that the concept worked…

Learning more of Matthews International

By Funeral Director Daily / April 28, 2022 /

Over last weekend while doing some research I stumbled across this article on Matthews International.  As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation.  What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a…

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…

Will tax revenue play a part in saving city and association cemeteries

By Funeral Director Daily / April 26, 2022 /

We’ve written about the problem before in this forum.  “The problem” being the lack of revenue for historic city and association cemeteries since the country’s cremation rate increased to a majority of dispositions.   The increase in cremations has decreased cemetery sales in full body burial lots and interment fees. . . .as a matter of…

Another new concept. . . can it catch on?

By Funeral Director Daily / April 25, 2022 /

Only a couple of weeks ago Funeral Director Daily published an article entitled “Is an Event Center in your business future”.  I thought it was a fairly innocuous article about the growth of “event centers” and their potential as an off-site component of a retail death care business — both for direct cremation firms and…