Tag: cremations

Business Cemetery Cremation Products

The consumer choice for cremation is not always financial

Over the years I’ve heard from many consumers that their choice for a cremation disposition had nothing to do with price.  Even though I heard that often, and believed the people that told me that, as a funeral professional it was always hard to fathom when it seemed that everywhere you turned you saw cremations advertised using “price point” philosophy. By “price point” philosophy I mean billboards, newspaper, or yellow page advertising by those in the cremation business stating “Complete […]

Finance Products

Death care startup, Bare, raises over $6 million in Series A funding

Bare, the Australian death care start-up that was founded in 2019 and already has a staff of 42 and has served over 15,000 Australians to date announced in June that it had raised AUS $10 million (US $6.82 million) in a round of Series A funding to advance their growth journey. This article from Smart Company indicates that Perennial Partners and Ord Minnett Private Capital have joined the group of funders which includes former NBA basketball star Andrew Bogut. Bare […]

Finance

Death care stocks down 18% Year to Date

I read this interesting article on Saturday morning from Yahoo Finance’s Morning Brief entitled “What to expect from a recession everyone sees coming“.  The author of the article makes this statement, “. . . recessions can be mild and short if the causes are anticipated and less systemic, and more severe and longer if they are unexpected and less intertwined with the core economy“. The article and the recent turbulence in the stock market gave me reason to look at […]

Business

The pandemic, health insurance and the effects on your business’ future

I’m one that always tries to gather information from whatever source(s) I can when I analyze anything.  As we’ve moved through the Covid-19 pandemic that has been a frustrating proposition, because from my point of view, I have seen analysis and decisions all become too political in nature and I have a hard time deciphering what to believe and what not to believe in what I hear. There is no doubt that funeral homes, funeral home owners, and funeral home […]

Finance

Park Lawn Corporation reports Year End 2021 — Revenues grow, Acquisitions total $125 million, tell of 5-year aspirations

Park Lawn Corporation (PLC) the public company whose website tells of the company owning and operating 138 funeral homes and 135 cemeteries located in 16 states and 3 Canadian provinces, reported their 4th Quarter and Year End 2021 results last week.  And, like other public companies they were able to report success in almost all financial categories in 2021. For instance, for the 4th Quarter of 2021 PLC reported (in US dollars) revenue of $78.15 million in comparison with revenue […]

Business

Who’s paying for America’s funerals?

Time has a way of changing one’s perspective.  I’ve told you before that I started in this business as a funeral director in 1980.  I was paid $1,000 per month and our funeral home conducted virtually 100% of our funerals in the traditional “casket, funeral, vault, burial” method.  I remember that the final billings, including cash advances, for funerals at that time to be about $ 2,500.  To someone being paid $1,000 per month that seemed like a lot of […]

Business Cremation

Considerations for a crematory

The Cremation Association of North America (CANA) showed statistics that cremation dispositions in the United States accounted for about 56% of all human dispositions in 2020.  I’m guessing that percentage will grow slightly for 2021 as it has every year for the past 40 or so years. CANA’s futuristic looking statistics, which have been pretty accurate over the years, show that at some point in about the next 20 years, barring regulatory issues,  cremation will be over 75% of all […]

Business

The Seasonality of Death

I came across this article titled, “It’s funeral homes’ busy season, here’s what to be careful for”.  Seeing that title I didn’t really know what to expect so I looked into the article.  It’s a short article with some good thoughts — one of those thoughts was entitled, “The Myth of Holiday Suicides”. Now, over my career I dealt with budgets based on what my banking friends tell me is the “Law of Large Numbers”.  I’ve always taken that to […]

Business Regulations

“Big Funeral” and some thoughts on “Universal Death Care”

The funeral profession has long had its critics.  Those of us in the profession have to understand that and know that from time to time we are going to be broadsided by those critics’ calls for change. Recently this article entitled “How ‘Big Funeral’ made the afterlife so expensive” was published in Wired.  It’s a good, if not one-sided, article that starts off by saying this, “You can’t die these days because it’s too expensive“.  It goes on to say […]

Business

Welton Hong: “Putting your Marketing Money into the Community”

Editor’s Note:  Today we bring you some information on marketing your funeral business in your own community.  This article is written by funeral industry marketing expert, Welton Hong.  Let’s look at local marketing opportunities that generate community goodwill while also getting your funeral home’s name out there. Here are some ideas to consider:  Sponsor a Local Sports Team Recreational sports leagues and youth travel teams have many expenses, including costs for uniforms, equipment, and maintenance for fields. They often turn […]