January 30, 2024
Published by 
Taylor Weber on January 30, 2024
Taylor Weber on January 30, 2024As we guide our clients through the uncertainties of 2024, the question of strategic positioning is paramount. We asked Financial Analyst, Taylor Weber to share her insights on how to set your business up for success this year. Question: “How can we strategically position ourselves for success in 2024, and what key factors should we prioritize?” Taylor Weber: This is a very important question and one that we are asked a lot by our clients, especially during the first month of the year. Establishing a solid budget and goals for our clients heading into the new year involves a collaborative effort and an evaluation of qualitative and quantitative factors, particularly considering the unique circumstances of what post-COVID looks like. It is crucial to recognize that comparing historical operations to the anomalous years of 2020-2021 might not be practical. The industry […]
December 20, 2022
Published by Taylor Weber on December 20, 2022
Taylor Weber on December 20, 2022Have you ever wondered why your Gross Profit Margin has such importance when analyzing the strength and performance of your funeral or cemetery business? It is a question that we receive quite often when working with our clients. Our Financial Analyst, Taylor Weber provides informative insights on this important element of your business analysis. Question: Why is Gross Profit Margin important when Foresight performs their Strategic Performance Analysis for my business? Taylor Weber: The Gross Profit Margin is one of the most significant measures for determining your business’s profitability and financial performance. Gross Profit Margin is defined as “a metric that analysts utilize to measure financial health by calculating the amount of money left over from total sales (or revenue) after subtracting the cost of goods sold (COGS) that is sometimes expressed as a percentage of total sales/revenue.” The general […]