Market Research

February 14, 2018

Retirement Planning and Social Security

Dear Dan, I’m getting old, about to turn 62. I have owned my business for 30 years. I’d like to work until age 66 and sell the business at that time. I have a key person who wants to buy my business. The sale could coincide with my birth month, and I would like to take my Social Security at its full value. As my location is rural, I have had trouble attracting staff. My key person has been with me for 20 years – just the two of us doing everything. I told him I would be happy to stay on after the buyout for a modest salary, assuming I am only doing modest labors. I don’t want any surprise to my Social Security retirement benefit due to my continued working status. What advice can you give me? Old […]
February 13, 2018

Cemetery Impossible – How to decide what to develop on remaining acreage

Dear Dan, My cemetery is 60 years old. We have 40 acres of land to develop and about three acres developed for sale. We average 300 sales a year. The issue is, how do we determine what to develop these 40 acres into? Developmentally Delayed in Des Moines Dear Triple D, Your quandary is very easy to resolve. I strongly recom­mend doing two things: Survey your existing consumers. Hold public meetings. Never in the history of communication has conducting a survey been easier than it is today. Today we can send a survey to families and ask them questions about how they see their relationship with us. You should be surveying your families throughout the year. Ask them how satisfied they were with the process of working with your cemetery. This can include questions such as: Why did you elect […]
January 29, 2018

STEP UP – 2018 State of the Profession Address

As I began to write this article, my mind conjured up the image of our country’s State of the Union address. The president is announced, and upon entering the House chamber, he shakes the hands of well-wishers. Of course, no matter which party is in power, the opposition is generally less exuberant as the exalted speaker continues toward the podium. Imagine with me the magnitude of the words spoken, and with that scene in your head, I now present you with the State of the Profession address.   Fellow funeral professionals, providers, suppliers and supporters, we are living in a unique time of opportunity and challenge to our livelihood. Our noble profession serves families during a most difficult life event, the death of a loved one. Like a hospital, your funeral home does not have the luxury of set hours […]
December 13, 2017

Is The Pet Deathcare Business For You?

I am fascinated by the continued upsurge in the pet deathcare segment of our profession. Consumers not only have embraced offerings to memorialize their beloved companions, but also have hosted celebrations of life similar to those held for the loss of a human loved one. Pet deathcare providers are expanding their reach in large metro markets and small towns across the United States. Now everyone in America has the opportunity to honor their non-human loved ones. As anyone associated with our profession knows, we are experiencing shifts in consumer behavior that directly impact our businesses. The exodus from burial to cremation as the leading choice of disposition after death has created challenges for providers both economically and from a service perspective. However, keep in mind that one constant will remain: When you lose someone you love, whether human or an animal, […]
December 13, 2017

Cemetery Impossible – Starting a cemetery

Dear Cemetery Impossible, I have been offered land at a very attractive price and I think it can be converted to a cemetery.  The property is already zoned so that a cemetery is an acceptable use.  There are two other cemeteries about 10 miles away from this site. I am a long-time reader of this magazine even though I do not currently own or work in a cemetery. I have been around funeral service a long time, working as a casket salesman. A popular country and western music star heard of my plans and told me he will buy a family mausoleum if I do this. Will that bring in more business? I am ready to invest all I have. What am I missing? Wishing on a C&W Star   Dear Wishing, First, what you’re missing is all the things […]
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