Tag: funeral business

Business Cemetery

“Green” going big

Market forces eventually move ideas and products that become staples of our way of life.  However, in almost all cases, private investment is needed to spur the product or service into general practice among the American public.  Take the Tesla automobile, for instance.  Founder Elon Musk didn’t just take the idea of an electric automobile, grab some old 1957 Chevys and put batteries in them for the public to purchase. A lot of people talked about electric vehicles having a […]

Cremation Finance

Solace cremation company raises $1.745 million in seed funding

“One flat price. $895. No Surprises.” That’s how direct cremation provider Solace describes themselves on their web-site.  And now, according to this article in Geekwire,  they have some cash behind them to spread that narrative about their company. Geekwire mentioned earlier this month that Solace has closed an oversubscribed funding round of $1.745 million with Portland, Oregon, based Rogue Venture Partners as lead and participation by Cascade Seed Fund of Bend, Oregon, and Alliance of Angels of Seattle, Washington. The […]

Business Products

Johnson Consulting to host “Data Driven Decision” webinar

There is an old song released in April 1981 and sung by Barbara Mandrel entitled, “I was Country when Country wasn’t cool”.  I have to admit that when I entered my freshman year of college at Texas Christian University in September of 1976  I started hearing music that resonated with me. . . .Waylon Jennings, Jerry Jeff Walker, Willie Nelson. . . artists that I had never heard of in Minnesota at that time.  Circumstances led me back to Minnesota […]

Finance

Foundation Partners keeps acquisition train rolling along

Only about ten days removed from announcing the acquisition of a funeral home in northeast Minnesota, Foundation Partners Group made another announcement at the end of last week.  The press release goes on to say that Foundation Partners Group, the private equity backed funeral home and cemetery consolidator and operator, has reached an agreement to acquire The Springs Funeral Services of Colorado Springs, Colorado. The announcement goes on to say that with these two new locations, Foundation Partners will now […]

Afternoon Edition

Hillenbrand announces leadership succession plan

Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company. In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 […]

Business

Time for that 2nd location?

Many funeral directors who own funeral homes operate a one roof funeral home.  There’s nothing wrong with that — I operated a one roof funeral home for 20 years and, contrary to many people’s beliefs, there was always much to do and profits to be made.  But, like me, many of those one roof funeral home owners think about expanding at times and wonder how they would do managing a business with more than one roof. What stops a lot […]

Business

Funeral directors make a difference

Sometimes at Funeral Director Daily we get too wrapped up in mergers and acquisitions, in financial news, and in things like new products to the profession.  Those things are all interesting and are necessary to know if we want to make the services that we offer to the public profitable for us. But, it is also of utmost importance that, aside from profits, that those of us in the death care realm make a positive difference to those we serve.  […]

Products

Perceived lack of Death Care transparency leads to winning startup competition

Three University of Washington students recently won the $25,000 grand prize in a start-up competition hosted by the University of Washington’s Foster School Buerk Center for Entrepreneurship.  And, they did so with a pre-launch Death Care start-up they have named AfterLife Listings. Clara Kobashigawa, one of the three students was mentioned in this article from Geek Wire Startups that “the idea originated after her family had to say goodbye to a loved one and was shocked to to see the […]

Finance Preneed

Is SCI’s value in their “float”?

I’m a fan of Warren Buffett and his company, Berkshire Hathaway.  Matter of fact, I enjoy reading his annual shareholder letter because it just doesn’t tell how his businesses are doing, it explains to the reader why he is in those businesses and how he makes money for his shareholders. Back in 1936 a gentleman by the name of Leo Goodwin from Washington, D.C., became convinced that auto insurance could be standardized and sold without agents to the general public.  […]

Business Cemetery

Can two death care trends solve a problem??

Over the years that I have done the research for the articles that appear in Funeral Director Daily, among others, I have noticed two trends that are definitely growing in the death care world.  One of those trends is that of Green or Natural burials.  Virtually every day when I look for articles that will be of interest to readers I will find an article from somewhere in the United States that is opening up a funeral home or cemetery […]