Tag: funeral business

Products Regulations

58 years ago today – The Kennedy assassination. . .and the story of the Kennedy casket

Imagine it is lunch time at the funeral home you work at when you get a call from the hospital two miles away that you need to immediately bring the best casket you have to the hospital.  And, by the way, it is for the President of the United States. That’s the call that Vernon B. O’Neal of O’Neal’s Funeral Home received on November 22, 1963 — 58 years ago today.  O’Neal happened to be the only person at the […]

Business

Inflation, wages, and turkeys. Connecting the dots can help your funeral home strategy.

Being retired has its advantages.  I spend a little time every day reading three electronically delivered economy or financial focused newsletters I subscribe to.  I then like to interpret and extrapolate the information that I get from them and use it in my personal financial decisions as well as my managerial decisions for the companies I am still involved with.  I not only enjoy the exercise, but I find it valuable. Yesterday, the subscriptions let me to this article from […]

Business

Digging for data to reach your client families

There was a day back when I was growing up that young attorneys would pass the Bar exam and then were instructed to “Hang out a shingle” to let the world know they were in business.  That might have worked back in the 1970’s or 1980’s but today if that attorney is not reaching out to find customers his days might get awfully boring. The same could be said of funeral homes.  There was a time when letting the community […]

Cemetery Preneed

Reflections on “Our” world

Writing on “Death Care” gives me very wide latitude.  There’s a lot to it — and it’s not only about funerals and cremations, funeral homes and crematories, cemeteries and burials, but there is the finances of the industry, the manufacturing of the industry, the mortuary training of the profession, and all of the interesting people involved in the profession. “Our” world is also about history, society, movements within the industry like the increase of cremation that has went on for […]

Finance

Park Lawn keeps rolling along, CEO Brad Green comments

Publicly traded funeral home and cemetery operator Park Lawn Corporation (PLC) released their 3rd Quarter 2021 results last week and CEO Brad Green said this in a prepared press release statement, “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an […]

Business Products

Extending your revenue lines from a big picture point of view

Back in about 1990 I made funeral arrangements for a 55-year old who died of a sudden heart attack.  His widowed wife eventually talked to me about an idea for our funeral home which was based on the premise of what we now call “Aftercare”.  At that time our funeral home did not have a formal program, nor had we really thought about it. The widow, who later became our “Aftercare Coordinator” believed that we should be helping people — […]

Finance

SCI CEO Tom Ryan on Covid deaths, preneed, and acquisitions

Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general.  You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]

Business Regulations

Time to regulate the anatomical bequest business

As a funeral director every so often I was asked by a person or family to help with an anatomical bequest of a person who wanted to donate their body for medical research.  I’m located between Minneapolis, Minnesota, and Grand Forks, North Dakota, where the medical schools for those respective states are located.  There was never any problem with those university institutions in clearing the paperwork for the future anatomical gift.  And, I’m certain, when the time came, that those […]

Business Products

The Segmentation of an Industry

I recently read this article from The Irish Catholic where Joseph Behan of Hibernian Funerals explained that Covid-19 has changed many things about death care in Ireland.  For instance, he told of the “Tell us Once” format where instead of notifying the post office, the credit union, your bank and others of your death there is now a movement to tell the government of the death and everyone with a need to know gets notified from that notice. He also […]

Business Cemetery Products

Back to the Future

The World Series has been played for the past two weeks and I’m a baseball fan. . . and former little league coach.  I’m “Old School” and don’t particularly like the “data-driven” strategy decisions used in today’s game of baseball.  I like the past when you watched a hitter’s feet move to determine if they could hit a curve-ball rather than “check the charts”. In Death Care there is old-school also.  This article from Atlas Obscura portrays a wonderful picture […]