funeral business
In an effort to help alleviate some of the worker shortages in the funeral home profession the State of Minnesota Legislature passed what is known as the “Transfer Care Specialist” category for funeral homes this past session. That category of workers became effective on July 1 and is now in effect. In…
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The Funeral Director Daily Death Care Index (DCI) which consists of five stocks that deal in Death Care in some way continued to move lower in the 2nd Quarter of 2024 which ended last Friday. As a matter of fact, the only stock in the DCI that moved forward in the 2nd Quarter…
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It was almost impossible last week to live in the United States and not know or hear about the Presidential Debate between President Joe Biden and former President Donald Trump. Even if you didn’t want to know it was happening, you knew anyway because it dominated the news and announcements on almost every…
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I received the July 2024 edition of The Director and read many of the articles. One that interested me was authored by Curtis Rostad and was titled “Prices vs. The Internet”. I enjoyed the entire article and think the author makes a great point, but what really captivated me was his perception that almost…
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Homesteaders Life Insurance Company of Iowa has been in the news a lot lately. The preneed company that issued its first policy for final expenses in 1906 most recently announced in this press release that they have formed a partnership with Gather’s case management platform. According to the press release, “The new…
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Funeral365, the management solution company for funeral service, is presenting a free online seminar tomorrow, Wednesday, June 26, at 4 pm Eastern Time (3 pm Central Time). Here’s what the people at Funeral365 say that you can learn from this presentation: The current state of the deathcare industry and financial trends Innovative approaches…
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It is my opinion that the lack of people to preside over ceremonies for the dead may in the future have a limiting effect on the number of ceremonies that are held. . . . which would be detrimental to those in the funeral home and memorial businesses. I understand that conducting…
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Service Corporation International (SCI) is the largest operator in North America among funeral home and cemetery operators. They will do somewhere near $4.2 billion in revenue this year while we believe their largest competitors, Carriage Services and Park Lawn Corporation will do somewhere about $400 million and $300 million respectfully. In essence, by…
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The Cremation Association of North America (CANA) sponsored Funeral Professionals Peer Support celebrates it’s 3rd birthday with tomorrow night’s virtual meeting. It was in 2021 when the meetings first started and according to information from CANA tomorrow’s meeting “will reflect on three years of change and growth in the funeral profession”. CANA…
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Over the years I’ve made lots of friends in funeral service. One of them is Janet McGee. . . . Janet worked as a licensed funeral director, then in banking, and attained her MBA. She’s done other things, too, but she is now on the faculty at the University of Minnesota teaching business classes…
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