Business

Business Cremation

The Cost of Cremation

Earlier this week I came across this article on how the State of Hawaii is now poised to become the 22nd state of the United States that will legalize alkaline hydrolysis.  I’ve said before that even though it has been since 2003 that the first state in the country legalized alkaline hydrolysis — that’s almost two decades ago — I believe that the process has been proven and many of the rest of the fifty states will soon follow suit […]

Business

The pandemic, health insurance and the effects on your business’ future

I’m one that always tries to gather information from whatever source(s) I can when I analyze anything.  As we’ve moved through the Covid-19 pandemic that has been a frustrating proposition, because from my point of view, I have seen analysis and decisions all become too political in nature and I have a hard time deciphering what to believe and what not to believe in what I hear. There is no doubt that funeral homes, funeral home owners, and funeral home […]

Business Regulations

Poverty level funerals. . . whose responsibility to pay

“Blessed are those that mourn, for they shall be comforted,” It is something that always seems to be around the nexus of free enterprise and government intervention or regulation when it comes to the death care services of those poverty level citizens of our communities.  The “It” is the debate about the value of what funeral directors provide and what the community coffers are willing to pay to properly care for their economically disadvantaged residents. The conflict is somewhat unique […]

Business

Warren Buffet on “How to beat inflation”. . .it will work for your funeral home

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 to invest in amid a climate of price increases for goods and services, according to this article, Bufett answered with the following, “The best thing […]

Business

Checking your mindset. . . self-examination is good for business

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 business, I also think we need to be self-reflective to look into the “Mindset” of the business as well. I was reminded of this point […]

Business Finance

Recapping FY 2021 with the public companies

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 March period just last week.  We will be reporting on that later this week. However, I was asked by some in the death care business […]

Business

There’s value in that signage

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 important in our profession because so many times it is around the casual talk that one will inquire to a neighbor or friend “what funeral […]

Business

Rising interest rates, rising costs, rising inflation. . . . what does it mean for funeral homes

Here’s an interesting fact as reported in this article from CNN, “The 30-year fixed-rate mortgage averaged 5% in the week ending April 14, up from 4.72% the week before, according to Freddie Mac. That’s the highest since 2010″. Here’s a couple of other quotes concerning our economy from this recent article in Yahoo Finance, “Generally speaking, profit margins for S&P 500 companies are expected to shrink in the first quarter, compared to the previous quarter and 2021. . . . some […]

Business

Will we see a “Pull-forward” effect?

Since the world started to deal with the deaths related to the Covid-19 pandemic beginning in March and April of 2020 there has been a question in the death care world about the theory of “pull-forward” deaths. . .and if there are “pull-forward” deaths, what will that do to the profession in the years following the pandemic. First of all, the theory of “pull-forward” deaths are that in many cases the pandemic virus weakened the oldest and most frail in […]

Business

Having a Servant’s heart. . . a requisite for most funeral directors

Today is Good Friday and Sunday is Easter in the Christian world.  And, I’m a sinner saved by grace.  Wednesday at my weekly Men’s early morning Bible Study the comment was made that this weekend, when we commemorate or celebrate Jesus Christ’s death and resurrection, those of the Christian faith recognize the greatest event of the past 2,000 plus years on earth. While Christ’s death and resurrection over the power of death is the ultimate victory in the Christian faith, […]