Business
I’ve been a member of the National Funeral Directors Association (NFDA) for as long as I can remember. It’s been at least since 1980 and, more than likely, before that I was reading issues of “The Director” magazine as they were set out at our house because my father was a funeral director also.…
In a press release from earlier in December, the National Funeral Director’s Association (NFDA) made note that in spite of the conern for inflation in the United States, a recent survey seemed to show that the cost of a funeral has increased less than the overall rate of inflation for the past two years.…
Last week, according to this article from Reuters, one of the largest companies in the world of tobacco took a $31.5 billion write down on the value of their future sales. British American Tobacco (BAT) took this write-down on the value of some U.S. cigarette brands “acknowledging. . that its traditional market has…
There is no doubt that trends move faster today than in the past. That is probably because “news” moves faster also so it is easier and quicker to “get the word” out. It is also apparent that trends are merging towards conformity world-wide. . .especially in the English speaking world. The “Cost of…
When you look at the map the Ohio River separates the states of Ohio and West Virginia as well as the cities of Steubenville, Ohio, and Weirton, West Virginia. Now, however, the bridge over the Ohio River will not only connect the states and cities but two historical funeral homes as well. It…
You’ve probably heard it said before, “The only businesses that can get loans are those that don’t need them“. There’s probably some truth to that statement because if you really need a loan for your business to function, your lender might worry about the cash-flow you generate and the ability to pay…
It was only about two weeks ago that Funeral Director Daily reported the final numbers for life expectancy in the United States using the 2021 final figures. At that time, as you can see in this article, life expectancy had been lowered for newborns in the United States to 76.1 years. However,…
It’s hard not to notice all of the mail I get at this time of the year from charities asking me to remember them in my charitable giving for the year. . . . . I’m guessing that you probably give through your individual status, but have you ever thought of having a program…
There is no doubt that the value, in totality, of your funeral business not only will come from your operations, but the location of your physical building as well. Demographics, whether it be influx or outflux, as well as the nature of your community may change the value of the funeral home physical…
According to this recent article from USA Today “discretionary” consumer spending is down, consumer savings rates have fell, and use of consumer credit card debt has shot up in the last quarter with its largest jump since 1999. . . . That’s probably all good information to know, but what does it tell…
