Posts

This might be the best time in a generation to be selling Preneed

By Funeral Director Daily / March 31, 2022 /

I enjoy learning and then finding solutions to problems.  It’s something I’ve done since I was a child — find out the facts of the situation and then solve the problem.  To that end, I continue to read four business newsletters per day. . . I simply enjoy what I learn from them and then…

Dignity plc moves from loss to profit despite lower revenues

By Funeral Director Daily / March 30, 2022 /

Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million.  This positive swing was accomplished despite Revenue dropping about 1%…

Minnesota’s Wright Funeral Home finds new guardians after 141 years

By Funeral Director Daily / March 29, 2022 /

Steve Wright, 4th generation funeral director, recently announced that the Wright Funeral Home in Moorhead, Minnesota, had been sold to longtime employee funeral directors and brothers Adam and Bailey Nordin. The Wright Funeral Home dates back to 1881 and has grown and served the greater Moorhead-Fargo community for 141 years.  Steve Wright assumed full control…

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…