Business

Federal Trade Commission strengthening “Star Rating” enforcement

By Funeral Director Daily / August 16, 2024 /

    Do you ever see companies, or maybe your competitors, with “Star Rankings” and reviews that seem better than the rest?  Well, it appears that the Federal Trade Commission (FTC) has and they are doing something about it.   According to an article that I read, FTC Chair Lina Khan made the following statement,…

Propel Funeral Partners announces acquisition

By Funeral Director Daily / August 14, 2024 /

    In a press release Propel Funeral Partners of New Zealand announced a somewhat unusual acquisition.  Propel announced in July that they had completed the acquisition of Decra Art.   Decra Art is believed to be New Zealand’s largest monument and headstone manufacturer.  According to their website that you can access here, they stock…

South Carolina stiffens “funeral rules”

By Funeral Director Daily / August 13, 2024 /

    What can only be described as “lax” and “unprofesional” conduct around the world in the funeral profession during the last several years is starting to get attention by governing bodies.  There has been pretty high profile “unethical conduct” cases in Colorado and Great Britain, among other locales, which is now leading government authorities…

What about a “Creative Room”?

By Funeral Director Daily / August 8, 2024 /

    The funeral and cremation business continues to evolve. . . . But, are we stuck in some of the “same old business” methods and way too slow for today’s consumers to keep us relevant?  That’s a question that I asked myself last weekend.   Let’s go back to the early 1900’s and the…

Caldwell Parrish acquires an additional location, Mohawk Valley affiliates with Milestone Funeral Partners

By Funeral Director Daily / August 2, 2024 /

  Next week we will be commenting on how the public companies in Death Care have done over the 2024 2nd Quarter, but it is always good to be reminded that the individual owners and operators are the ones that truly drive funeral and cremation care. . . . .And, it’s good to be reminded…

What’s on the backside of this interest rate/inflation environment for funeral homes?

By Funeral Director Daily / August 1, 2024 /

    Funeral home owners and managers in the United States, and around the world, have had a lot on their business management plates in the 2020’s decade.  Along with the continual increasing use of cremation and direct cremation instead of casketed burials came the pandemic, then inflation, which when measured by the Consumer Price…

Sunset App announces its “Free Estate Asset Discovery” tool

By Funeral Director Daily / July 31, 2024 /

      Any funeral director who has been around for any length of time has had an arrangement for the fictitious bachelor, “Uncle George”.    Now, “Uncle George” died suddenly and his family members are sitting across the table from you wondering about funeral arrangements. . . .   You tell them, “Uncle George…

Demographic changes will drive business. . .and your funeral home’s value

By Funeral Director Daily / July 26, 2024 /

    I came across this recent article from Yahoo Finance titled “Climate change is ending the Sun Belt boom” and it reminded me how demographics can and will affect the operations of your funeral home.  The short article was very interesting and contends, with the use of decade maps over the past 50 years…

Moving preneed thoughts to the consumer mind

By Funeral Director Daily / July 23, 2024 /

    I think it is a pretty well established fact that if a funeral home can get families to talk about what they want to have done at their eventual death the funeral home has a much better chance to pre-arrange that family into some type of financial arrangements to be used at the…

Unclaimed bodies: Growing and a threat to your financial success?

By Funeral Director Daily / July 22, 2024 /

    If you do research like I do about the Death Care profession you come across lots of articles that talk about county morgues running out of room to hold human remains.  And, one of the big reasons is that so many human remains are going unclaimed in this day and age.   When…