funeral home business
It was only two years ago that many of us were introduced to a major player in the global private equity industry named Providence Equity Partners. According to this article which appeared on the American Funeral Association blog in December 2018, Providence had made inquiries into many companies in businesses that I will define as…
Read MoreThis morning we noticed a news release from Market Exclusive that you can see here pertaining to a K-1 filing from Carriage Services. The filing informed the public that effective June 26, 2020, President and Chief Operating Officer William W. Goetz had resigned from those positions at Carriage Services as well as had resigned from…
Read MoreSometimes I can get going about a subject and give you my opinion before you have even had a chance to read the article and form an opinion on your own. Like everybody, my experiences that I have lived slant the opinions that I profess. And, while I grew up and operated as a 4th…
Read MoreLast week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results. We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we…
Read MoreYesterday we started the talk of annual budgeting for a funeral home by looking at what are the expectations for overhead, profit, and a savings plan in that budget. You can see yesterday’s article here. Today, we will try to explain how we set the revenue parameters to make sure that we have a great…
Read MoreI read and then viewed this news story from KPLC-TV of Lake Charles, Louisiana and thought to myself, “Wow they did a pretty fair job of telling of the plight of paying for a funeral when no planning has been done.” You see, a lot of people like to blame the unexpected expenses of a…
Read MoreThe other day Funeral Director Daily published an article on the transformation of Hillenbrand Industries. We explained that while the trajectory has not been perfect and steady – as a matter of fact it has sometimes been downright rocky – they have now transformed their business and business model so that their founding business, caskets,…
Read MoreA couple of things came to my attention last week that made me again think about the staffing issue facing funeral homes across the country. While I am no longer on the front lines in looking for licensed staff, I do hear from my colleagues that hiring and retaining professional funeral home licensed staff is…
Read MoreWe noticed a couple of articles in the news or opinion sections today about death care public companies StoneMor Partners and Park Lawn Corporation and just thought we would pass them on. StoneMor Partners to eliminate 340 positions. This article points out that StoneMor Partners will be targeting 340 positions as it attempts to eliminate…
Read MorePark Lawn Corporation (PLC), the Toronto based consolidator and operator of funeral homes and cemeteries reported their financial results for the 2nd Quarter of 2019, the period that ended June 30, 2019, yesterday. You can see a short synopsis of the results in this press release. Park Lawn’s CEO Andrew Clark is quoted in the…
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