Business

Business Finance

Private equity continues move into Death Care

It’s not surprising to see why in a world of 73 million baby boomers and a large group of funeral home owners planning to retire in the next five years that private equity businesses see an opportunity in Death Care, specifically in owning funeral homes. This article from Fortune entitled “Death is anything but a dying business as private equity cashes in on the $23 billion funeral home industry” has prompted a lot of discussion, and some angst, among funeral […]

Business Cremation Products

The niches keep coming

As long as I’ve written this blog I’ve predicted that death care – that is dispositions for the dead human body – will eventually become increasingly a collection of “niche” businesses.  That is, compared to what we have gotten used to seeing. . .a funeral home that takes care of your every need in the disposition realm — earth burial, cremation, and even anatomical donation. We have cremation friendly niche providers now and we have green funeral providers now as […]

Business

Client Retention: Back to the Future

The Tuesday article of Funeral Director Daily entitled  “We Live in a Different World” and dealing with the idea that much of death care, including how we acquire and retain our customers through marketing had barely published when I saw a presentation about some “old school” ideas that are trending back in the hopes of holding on to existing customers. Now, I know that in death care businesses such as funeral homes, crematories, and cemeteries our client customers only come […]

Business

We live in a different world

Recently Apple was named the sponsor of this year’s Super Bowl halftime show.  They will be replacing Pepsi, who has been the sponsor for several years.  It occurred to me, and it was not surprising, that this is the business of new “information technology” replacing the old standardized American “product innovation, manufacturing, distribution” business of days gone by.  Here is a short article about the change. It wasn’t the only “change” I noticed recently.  Just on Friday, we printed a […]

Business

Uvalde funeral directors say “They’ll never be the same”

Back when I was in mortuary school I read a book entitled something like “Who takes care of the Caretaker“.  While there are other books with titles similar to that published later than the 1970’s I cannot locate the book I read, nor do I remember the author of it. Quite frankly, that’s not real important.  I also don’t remember any of the content of the book and that’s not real important either.  What I do remember is the name […]

Business Regulations

Mortuary school enrollment jumps 24% in 2021, even bigger jump expected this year

One of the few positives to come out of the Covid-19 pandemic may be the way that funeral directors were perceived by the public.  There’s no doubt that during the pandemic funeral directors were seen as unselfish heroes in many communities for the way they handled the high number of deaths. And it may be, that just when we need it most, that positive public perception may help the profession by supplying more trained and skilled workers just when we […]

Business Finance

Are funeral home’s values getting hit with a “Double Whammy”

A sale, or commerce if you will, occurs when a willing buyer and a willing seller reach agreement on a price for a good or service and then that price is paid from the buyer to the seller to mark the transaction.  While we don’t always think of it in that term, transactions like this happen millions of times every day. . . . from the purchase of grocery items, to the purchase of fuel, to the purchase of businesses. […]

Business

The succession dilemma of rural funeral home ownership

Over the past several weeks I’ve had several instances which caused me to wonder “What is going to happen to rural America’s home town, home-owned, funeral homes.”  Again, it has not been one thing, but a string of instances that have made me wonder about that. For instance, I know of firms in my state of Minnesota, especially in smaller communities, that are having a hard time finding licensed staff.  And, just last week I served on a panel at […]

Business Regulations

The case for a free-market (funeral business) society

Last week I saw an article about the Fast Food Accountability and Standards (FAST) Recovery Act that has passed both houses of the California legislature and is awaiting a signature by Governor Gavin Newsome to make it a law.  Part of what that law would do is create a 10-person fast-food council with employee and restaurant representatives plus some state officials.  The council would then set industry-wide standards, including wages, working hours, and conditions in for-profit, privately owned restaurants. I […]

Business Products

Fad, trend, or tradition?

New products and services used by the American public seem to start as fads, become a trend, and then, those with staying power evolve into a tradition of life.   Over the last few days I’ve noticed a couple of products that have either followed that road map or may be on their way to dissolving.  And, I think that there is something for death care professionals to learn from the process. On one hand let’s look at Peleton, the stationary […]