Business

Working towards an acquistion

By Funeral Director Daily / January 8, 2019 /

A really nice article about Leo and Jeff Marshall, the father/son team that has owned and operated the Marshall Funeral Home in Greenville, Michigan since 1967 was published in the Daily News of Montcalm and Ionia Counties of Michigan the other day.  You can read the article here. It is a really fine article that…

Maintaining -and Adding To – Your Heritage Business

By Funeral Director Daily / January 7, 2019 /

Great funeral homes and cemeteries don’t just pop up and start making lots of money overnight.  Matter of fact, it is very rare that a death care business can open in a new locale served by others and make a profit within the first couple of years.  New operations have to be ready to spill…

Could we have an LBO or Hostile Takeover in the Death Care Industry

By Funeral Director Daily / December 31, 2018 /

One of the things that I find interesting about the death care industry is the continuing consolidation and spin-offs that seem to always occur.  Get a few funeral directors together and they are always talking about who is acquiring who. I’ve been around long enough to see upstart Prime Succession grow fast and then be…

Christmas, Grief, and Your Funeral Home’s Options

By Funeral Director Daily / December 21, 2018 /

It was back in April 1977 that I remember losing my father to a sudden heart attack while he was serving at a funeral.  As a teenager you remember where you were when you were first told and then the rest of the visitation, funeral, and following time is somewhat forgot except for a few…

SCI to again sponsor float at Tournament of Roses Parade

By Funeral Director Daily / December 20, 2018 /

In a press release that you can read here it was announced that Service Corporation International will, for the 11th consecutive year, be a major sponsor of the “Donate Life” float at the 130th Tournament of Roses Parade on January 1, 2019, in Pasadena, California. SCI and its brand, Dignity Memorial, will be the sponsor…

Interest Rates and the Seller’s Reality

By Funeral Director Daily / December 19, 2018 /

If everything goes as expected today, most people are looking for a 0.25% rise in the Federal Funds interest rate as set by the Federal Reserve Board.  There has been a lot of talk that the rate, which if raised today for a 4th time this year, has had something to do with the volatility…

A New Twist on an Old Service

By Funeral Director Daily / December 18, 2018 /

Most funeral homes have some type of Holiday Remembrance service for those who have lost loved ones in the past year.  Most of these establishments also give out something to take home after the service. . . it may be a plant, a flower, some other type of memento, of even, as is very common,…

Will subscription services come to death care?

By Funeral Director Daily / December 12, 2018 /

Subscription services have been around a long time.  As a junior high student I can remember how Columbia House Records got their claws into you to be a customer.  Remember, pick 10 albums for $2 and then subscribe to buy one per month – at the regular price – for the next 24 months? Columbia…

Are you looking ahead?

By Funeral Director Daily / December 7, 2018 /

Yesterday I had about two hours of windshield time on a drive and when I have that type of time to drive I like to turn to business radio and listen to what is going on in that world of business.  One of the interesting topics yesterday was the item about General Motors and its…

The Funeral of a Clown

By Funeral Director Daily / December 3, 2018 /

Much like our funeral home, most funeral homes have an aftercare project where they help those widowed people in the community blend back into life in what I call a “new normal”.  Part of that service is helping these people socialize and might entail, something like we do many times annually, loading onto a bus…