Business

How much debt is too much?

By Funeral Director Daily / July 7, 2023 /

  Funeral Director Daily ran an article last Friday on the offer made by Park Lawn Corporation in its quest to acquire Carriage Services.  You can read that article here.   One of the reader comments to the article indicated that Carriage Services carried “too much debt” and that was hampering, and will continue to…

The Supreme Court and the student debt decision

By Funeral Director Daily / July 6, 2023 /

      This topic might seem like a reach in a blog with the title of Funeral Director Daily.  However, there are a great many funeral directors working in the field right now whom this decision will probably affect in a negative fashion and owners of funeral homes, who have these young people as…

A “Renaissance” in perceived value of services?

By Funeral Director Daily / July 5, 2023 /

      I receive the “Memorial Business Journal” from the National Funeral Directors Association (NFDA) every week and when I received it a couple of weeks ago I was excited to look at some of the findings from the 2023 NFDA Consumer Awareness and Preference Survey.   I looked at the results somewhat with…

Is there a more “American” business than the funeral business

By Funeral Director Daily / July 4, 2023 /

      Today is the 4th of July — the day that America celebrates its independence of becoming its own self-governing country.  For me it evokes thoughts of freedom, independence, ingenuity, self-governance, and patriotism.  It also brings out the thought process of working to improve one’s self. . . .building yourself up or inventing…

Nostalgia. . . or are you still using your “Pager”

By Funeral Director Daily / July 3, 2023 /

    In the day of almost universal cell phone use you might find this hard to believe but, the leading paging company in America says that they still have at least 800,000 pagers in use across the United States.  That’s down almost 90% since 2004 when the company reported 6.6 million pagers in use,…

Selling a funeral home: What holds an owner back?

By Funeral Director Daily / June 28, 2023 /

      Back in mid-May Funeral Director Daily published this article entitled “Thinking of an ownership transition? Here’s some straight-forward advice on getting started”.  It was an article predicated on advice from the folks at accounting and business strategy experts Clifton Larson Allen (CLA).   We recently noticed another article from the people at…

Write obituaries with Artificial Intelligence from Legacy.com

By Funeral Director Daily / June 27, 2023 /

    For the last six months or so you would have had to be hiding in a cave not to hear all the hype in the business and technology world about “Artificial Intelligence” or “AI” as it is simply called.  Just the thought of what this powerful, intuitive, creation will be able to do…

Will funeral homes become the venue for medically assisted death?

By Funeral Director Daily / June 22, 2023 /

      By my count, according to this website titled Compassion & Choices there are 10 states and the District of Columbia in the United States where Medical Assistance in Dying (MAID) is legal.  It is also legal in the province of Quebec in Canada where they have, according to this article, grown in the…

Avoid politics for best business results

By Funeral Director Daily / June 21, 2023 /

      I grew up in a home that was pretty conservative and my parents voted that way but never talked about it to anybody.  We operated a funeral home and we were open to helping people and doing business with people whether they had our viewpoints or not.   I also grew up…

Is the end of Non-Compete agreements coming? Will funeral directors be “Free Agents”?

By Funeral Director Daily / June 20, 2023 /

      Back in January of this year Funeral Director Daily published this article entitled “Federal Trade Commission seeks to ban (most) non-compete agreements.”  There has been a lot of push-back to non-compete agreements as they have become common practice, not only for highly compensated professionals, but for general employees as well.   During…