Nicole Vullo

September 28, 2023

Introducing Our New Ask the Owners Column

The Foresight team is excited to announce that we are introducing a new blog column! When we first started our Ask the Experts and Ask the Analysts columns it was our goal to use these blogs to answer the most important questions funeral and cemetery professionals had about their businesses. With this is mind, we wanted to bring a new perspective to these vital questions: the viewpoint of owners and operators. We are honored to introduce you to Stephen and Diann Anderson, formerly of Anderson Funeral & Cremation Services. Each month Stephen and Diann will provide insightful information to help you improve how to operate your businesses. To start our column, please allow us to introduce you to Stephen and Diann as they tell us their goals for the “Ask the Owner” blog column: To the Funeral and Cemetery Profession, […]
September 26, 2023

Ask the Analyst: Key Considerations When Choosing a Successor

Having a succession plan in place for your funeral home or cemetery business is vital in today’s business environment. While there are many elements that go into your succession plan, one that is of high importance is who to choose as your successor. In our latest Ask the Analyst blog, Sierra Heil shares the key consideration when deciding who the successor of your business will be. Question: I am in the process of deciding who to succeed me in my funeral business. What are the important things to consider when selecting my successor? Sierra Heil: For all funeral home owners the decision to choose a successor to sell your business to is a significant and deeply personal one. Your business holds a special place in your heart, as you have helped families during their most challenging times and built up a […]
August 28, 2023

Prove Your Worth on your Website

Written by Jarod Bernat, Senior M&A Analyst Over the past few decades, we saw the introduction of the FTC rule requiring funeral homes to provide families with GPL’s when requested, the introduction of the internet providing a whole new interface with consumers, and the newest FTC rule requiring online access to GPL’s in some states. Given that the industry is well-known for not being early adapters to new technology or trends, it is no surprise that there has been significant pushback to the utilization of the internet to display pricing within the profession. Business owners fear that when prices are posted online, they will be compared to their competitors, and prices will become a race to the bottom. But while this may seem like the only possible conclusion at first glance, there is much more to consider as the internet […]
August 28, 2023

Open Your Ears

Funeral service consumers are speaking up, but are we listening? A little-known fact about me – I am a sucker for greeting cards and quotes. I cannot get enough of them and will easily spend hours browsing for the perfect card to give a loved one. Some may find them cheesy and cliché, but I am not one of them! I want to begin with a quote from famous novelist Ernest Hemingway, who once said, “When people talk, listen completely.” Are you still with me? Those words of Hemingway’s are a solid example of what should be a guiding principle for funeral home owners and cemetery operators when dealing with client families. Okay, one more and I promise I’m done. This is from Epictetus, a Greek philosopher. He states, “We have two ears and one mouth so that we can […]
July 27, 2023

Ask the Analyst: Acceptable Addbacks and Adjustments to Your EBITDA Figure

One of the important steps to take when considering selling your business is to review your financial health. Part of this is to review any addbacks or adjustments to your EBITDA Figure. As this is of high importance to potential buyers of your funeral home or cemetery, we asked Jared Tanke to walk us through some examples. Question: I am reviewing my 2023 information to prepare for a potential sale. What expenses can be added back to my financials? Jared Tanke: When it comes to evaluating the financial health of a funeral business for potential acquisition, one key metric that buyers often consider is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). However, it is important to understand that EBITDA alone may not always provide a complete picture of a company’s profitability. To accurately assess the true financial performance, buyers […]
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