funeral homes
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,…
Read More
“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…
Read More
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…
Read More
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…
Read More
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…
Read More
As of last Friday, June 4, we were over five months into the 2021 calendar year. Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies…
Read More
An article entitled “Relational Spending in Funerals: Caring for others loved and lost” appeared in the March edition of the Journal of Consumer Psychology. The research for the article was done by assistant marketing Professor Sarah Whitley of the University of Georgia’s Terry College of Business. In this article about the study you can read…
Read More
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…
Read More
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…
Read More
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…
Read More
