Nicole Vullo

September 21, 2020

Ask the Experts! Your questions about expanding your business answered by Foresight!

We were recently asked what the process would entail for a successful business owner to now branch out and explore new business ventures, specifically Pet Services. John T. McQueen, CFSP, Director of Client Experience provides some insights on how to expand your business and where to begin. Question: My family and I have been running a successful funeral home for many years. We have begun to look into new ventures to expand our business and are interested in pet services. What advice can you offer us and where do we begin? John T. McQueen: Pet services can be a great addition to your funeral home offerings, but it must be well-thought out and planned.  There are also three basic models you can use to start a pet business – pet burials, pet cremations, and combination.  Most funeral homes that start […]
September 21, 2020

Should a Traditional Funeral Home Open a Low Cost Cremation Business?

Many funeral home owners are considering opening a discount cremation brand to defend their market share from aggressive competitors. Seems like an obvious idea, but is it the smart thing to do? That depends. On this episode, John T. McQueen, CFSP joins Welton Hong and Ellery Bowker to share his expertise. John, was a successful funeral home operator who simultaneously grew brands at the high and low ends of the market. Click the video below to learn the answers to these three important questions: How to decide if you should (or should not) open a discount cremation business How to avoid cannibalizing your traditional business How to create differentiation between the brands to show value and support pricing        
September 1, 2020

The Foresight Companies Announces John T. McQueen as Director of Client Experience

Dan Isard, Doug Gober, and Chris Cruger bring long time industry leader to join their team Phoenix, AZ—September 1, 2020 — “We are pleased to announce we have brought on an established industry leader, John T. McQueen, to our ever-growing and dynamic team. The addition of John as our Director of Client Experience allows us to deliver the highest level of knowledge and expertise to our clients,” Dan Isard, the founder and managing partner of The Foresight Companies, recently announced.  “John conveys sincerity, confidence and reliability at the highest level. His capabilities and experience in this profession will provide a high level of knowledge to our clients and the entire industry. We couldn’t be more excited to have John on board,” Isard added. “I am excited to be a part of The Foresight Companies and to have the opportunity to […]
August 28, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Paycheck Protection Program Forgiveness Update

We are awaiting Congress to pass a new stimulus bill.  In the original bill, it appeared that all PPP loans up to $150,000 (and potentially up to $250,000) would be “automatically forgiven.”  This meant filing only a confirmation of use/need. As we are still waiting for final guidance, some lenders are telling those with PPP loans of $150,000 or less continue to wait it out.  There is no hurry to apply for forgiveness as they are hoping the government will pass legislation that will simplify the forgiveness process for these loans. At this time, if your PPP loan is greater than $150,000 you should reach out to your bank to see if you should submit the forgiveness application.  Most companies will be able to use the EZ application.  The instructions for the SBA version of the EZ application may be […]
August 26, 2020

RMDs Waived in 2020

Did you know that for 2020, The Coronavirus Aid, Relief, and Economic Security (CARES) Act waives all required minimum distributions (RMDs) from defined contribution retirement accounts, including 401(k), 403(b), or IRA plans?  The rules surrounding RMDs can be complicated and can sometimes require a few conversations with your financial advisor to successfully navigate. If you are required to take RMDs the 2020 waiver applies to you regardless of age. This includes those 72 years of age, and those who turned 70.5 if you were born before 7/1/49 but have not taken RMD’s yet. If you already withdrew your RMD for the year, you have until August 31, 2020 to roll the funds back into your retirement account. The CARES Act has made many changes to retirement accounts that may be of benefit to you in 2020. Need help interpreting the […]
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