funeral business
Over the weekend we learned that the cremated remains of three people had been stolen before they could be sent to their respective loved ones. You can read an article and see a news video from Las Vegas News 8 here that explains the situation. From what I can gather remains from Las Vegas Cremations…
Read MoreSubscription 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…
Read MoreI just saw this article over the weekend and thought I would send it out. It pertains to the stock of Australian death care leader InvoCare being shorted by many investors. Being “shorted” means, in basic terms, that many investors believe that the share price will go lower. I thought it interesting in light of…
Read MoreMuch 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…
Read MoreCBC Marketplace News of Canada in an article and video footage that you can see here, last week alleged that Canadian funeral services provider Arbor Memorial made misleading statements to hidden camera reporters. The article maintains that it is a follow up to a 2017 hidden camera report which caused the Bereavement Authority of Ontario…
Read MoreLast week I shared some of the ways I had developed a budget that allowed me to produce maximum profits to the business even in years when our death numbers fell short of what we really wanted or expected. I talked on the revenue side of the budget and how discipline in planning can lead…
Read MorePark Lawn Corporation, the Canadian funeral home and cemetery acquisition firm, released its results for their 3rd Quarter of 2018 earlier this week. You can see their Press Release here. The fast-growing death care public company announced that their revenues increased on a year over year basis for the quarter by 92.9%. They reported revenue…
Read MoreGreat Britain’s largest operator of funeral homes, Dignity PLC, who own and operate 540 funeral homes continues to move forward with their transformation process that they announced earlier this year. The public company filed their 3Q 2018 report on Monday and with it we can see some signs of what direction the company is moving. …
Read MoreIn a press release last week that we caught on Globe Newswire and you can read here, StoneMor Partners has, according to the press release, added depth to their operational management. The release highlights the hiring of four veterans who have experience in the death care industry in cemetery, funeral home, acquisition, and management roles. …
Read MoreIt’s November and it reminds me that for over 30 years this was the time that I put the plan together that led to growing profits in our funeral business. I’ve often been amazed that in many businesses, including funeral service, profits sometimes just happened for certain firms because they just did a number of…
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