December 19, 2022
Cover of Are Cemeteries and Funeral Homes Meant to Work Together document

Are Cemeteries and Funeral Homes Meant to Work Together?

The Hatfields vs. The McCoys; the Cattle Grazers vs. The Sheep Ranchers; David vs. Goliath; North vs. South; Funeral Homes vs. Cemeteries. All of these Polar opposites are competing forces, but none is the equal of the constant battle for dominance or avoidance of fear as the funeral versus cemetery forces. Of the almost 20,000 funeral homes and about 8,000 cemeteries, less than 5% represent a marriage of the Two forces, which we call a “combo.” Over time, the funeral directors were afraid of the cemeteries out competing them, so in some states they passed laws outlawing the combined ownership of funeral homes by cemeteries. In some states, it was never a spoken issue but whispered as a point of concern. In all reality, over my lifetime witnessing the operations of marketing efforts nationwide, the Combo is the high ground […]
December 19, 2022
Cover of From Wags to Riches document

From Wags to Riches

To Avoid Some ‘Ruff’ Times, Follow the 4 Ps of Pet Loss We have all heard of the many inspiring rags to riches stories from Dolly Parton to Halle Berry, Ed Sheeran, Leonardo DiCaprio, Oprah Winfrey, and so many others. Of course, these are just the high-profile stories of the now rich and famous, but the world has so many others who have achieved great success from less than humble beginnings. But this is a different kind of story. This is a “Wags to Riches” story and it’s just waiting for you to finish writing the ending. However, like rags to riches, the development of a pet cremation and/or pet burial business can see some “ruff” times, especially in the early years. Therefore, to be successful, it is crucial that you follow the “4 Ps” of pet loss: Purpose, Planning, […]
December 19, 2022
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Legal Check: Understanding The Funeral Rule

Scenario: Laura Laney is a third-generation owner-operator of Laney Funeral Home & Crematory in mid-Eastern Texas. Her family’s business has seen its share of trials and tribulations but has weathered them all and continues to thrive and grow. Laura’s business is just close enough to the Dallas-Fort Worth metroplex to benefit from the bustling growth yet far enough away to have experienced a comparatively slower rise in cremation rates – which has allowed Laura (and her father, Lynn, before her) to educate the community and families she serves on the value and importance of services and gatherings being no different than burial when families select cremation as an option. Throughout COVID, Laney Funeral Home & Crematory found legal ways around restrictions in order to provide full burial and cremation services to appreciative families as often as they could. Over the […]
December 19, 2022
Funeral And Cemetery Consultants Dan Isard The Director Finance 301 My Knowledge Transfer Plan

Finance 301: Chapter 12: Taxation Basics

As a new business owner, the first decisions you must make involve taxes. In most cases, however, you will feel so elated during your first days of ownership that you’ll just abdicate those decisions to your accountant and/or lawyer. Then, someday in the future, you will read an article, like this one, and wonder to yourself, “Hmm…” You therefore clip the article and send it to your accountant and/or lawyer. They, in turn, give you a long-winded explanation as to why the author of that article is wrong. Or, worse, they will write to the author and tell him why he is wrong. Please, save your breath and your typing fingers. I am not wrong. Here are the taxation basics you need to know. Decision One: Business Entity There are several ways businesses can be classified for tax purposes. The […]
November 21, 2022
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Strategic Planning Isn’t an Option

It is absolutely essential for those looking to thrive in the profession today. It’s that time of year again – time to close out the old one strong and get the bricks in place for a solid 2023. We’ll talk about the planning process and 10 simple steps to get you on your way, but first, there are some areas requiring a little extra-special attention in 2022, areas of critical importance be-cause the profession is not keeping pace with the world around it. From 2017-21, the average price of a funeral has increased 6.6%, while the CPI (Consumer Price Index) increased more than 16%. This scenario is not sustainable. There are forces in play today that require you to be at the top of your game. Rising costs, the cremation rate and rapidly changing consumer attitudes require a well-thought-out plan. […]
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