Business

Funeral Home Budgeting — The revenue side

By Funeral Director Daily / December 2, 2020 /

As we told you yesterday, we are re-running our budgeting articles that received such good response from funeral home operators in November 2019.  Budgeting is, well, budgeting, but there are always new wrinkles to account for. While we have, for our example,  simply delineated our revenue numbers by cremation case or earth burial case, if…

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Funeral Home Budgeting. . . the expense side

By Funeral Director Daily / December 1, 2020 /

I’m taking the time today and tomorrow to re-run articles from last November on funeral home budgeting.  I posted these articles last year and had many positive comments and since we have many new readers since then, I figure that maybe my thoughts on budgeting — both the expense side and the revenue side —…

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A couple of choices for future success in the death care space

By Funeral Director Daily / November 30, 2020 /

Now that I’ve finished reporting on the quarterly reports of the large “established” companies in the death care realm, I thought it would be interesting to give my insight on a couple of  companies  that I think have a great potential to  “grow” into larger companies or services in the future. And while Tribute Technology…

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Give Thanks this Thanksgiving

By Funeral Director Daily / November 24, 2020 /

I’m kind of tired of the word “unprecedented”.  It seems every time that I turn around someone is using that term in relation to the world and times we have been living in since February in the United States.  Yes, 2020 is different, but I’m not so sure that it is “unprecedented” for the upstaging…

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Will we look back at 2020 as a “high water mark” for change in the funeral profession

By Funeral Director Daily / November 17, 2020 /

The first thing I will comment on is that if you look at the image I have put on this article, it should come with a question mark at the end. If you have followed my writings for any length of time you know that I like to try to spot trends and then hypothesize…

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New Mexico funeral home fined for social distancing violation

By Funeral Director Daily / November 11, 2020 /

I woke up this morning (Monday as I write this) to see the Dow Jones Industrial average futures up over 5% on the news that Pfizer has had tremendous success with its Covid-19 vaccination drug trials.  It’s a rainy day in Minnesota so I did my daily run on the treadmill watching Jim Cramer on…

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Providence Strategic Growth said to have a deal “north of $1 billion” for Tribute Technology

By Funeral Director Daily / November 6, 2020 /

Back in September we published this article about Providence Strategic Growth (Providence Equity) planning to put their funeral software firm, Tribute Technology, on the market.  At that time. the article that we had read from Barron’s mentioned that Providence believed that they could get a $1 billion offer for their assemblage of companies that they…

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Catching up with the casket business

By Funeral Director Daily / November 5, 2020 /

We are in the period of public companies reporting their 3rd Quarter results to the world and it is only a couple of weeks before Hillenbrand, parent company of Batesville Casket Company, and Matthews International, parent company of Aurora Casket Company will give us those results. As most of you know, those businesses have generally…

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Taking some cues from Starbucks

By Funeral Director Daily / November 4, 2020 /

So, I warned you earlier in the week that I would be doing a column on what was happening with Starbucks and why I thought there was enough general information in what I had heard that it would be useful to people who operate businesses in the death care realm. To refresh you, I had…

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The humanity of being a funeral director

By Funeral Director Daily / November 2, 2020 /

This isn’t what I was planning to write about an hour ago.  It’s Friday as I write this and earlier this morning I was on the treadmill watching CNBC with Jim Cramer as he was interviewing Starbucks CEO Kevin Johnson.  I thought the interview was very informative on how Starbucks was using the pandemic, that…

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