September 27, 2024
Diligent business owners must adapt to meet their clients where they are because it’s clear consumers aren’t going back. I first stumbled onto the phrase “nothing changes if nothing changes” while scrolling through Instagram in May 2023. As an older millennial, Instagram is where I get most of my daily laughs and content, as opposed to TikTok. (Boy, do I feel old saying that TikTok is too young for me… but I digress.) When I first saw the saying, my immediate response was, “Well, obviously!” Little did I know at the time, however, that this would become my personal mantra the following month as I began a new lifestyle journey after deciding to finally get into shape. (If anyone needs Pilates studio recommendations or suggestions on plant based protein powders, I’m your girl!) After first reading the expression, it might […]
September 27, 2024
Written by Taylor Weber, Financial Analyst In our latest, Ask the Analyst blog column, we were given the question on what business-related tasks are needed to be done during the final month of the year. Financial Analyst, Taylor Weber provides her insights on this important topic. Question: Do I need to focus on any specific business elements in the last quarter of the year? Taylor Weber: As we head into the final quarter of the year, it’s important to assess where your business stands and take strategic action. While it’s tempting to remain cautious, especially when faced with market changes such as increased cremation rates or a fluctuating death rate, now is the time to make moves that will set your business up for long-term success. Many funeral home owners are hesitant to raise their prices, fearing they’ll lose calls […]
September 27, 2024
Scenario: Meet Jordan Strong, owner of Strong Funeral and Cremation Services. Jordan’s business consists of two locations in the Southeastern United States serving more than 500 families annually. Jordan is very proud of the multicultural aspect of the families he serves, and his staff reflects that ethnic diversity. The keystone to Jordan’s success is his staff and the high-level service that is provided to every family regardless of whether they are choosing cremation or burial. His staff is trained to focus on memorialization and making each funeral arrangement unique for the family. Jordan has strived to create a positive work environment by utilizing effective HR techniques such as employee handbooks and policies as well as team building exercises. Employees are also asked to periodically participate in anonymous surveys to help determine if all is well. Despite all these efforts, the […]
September 27, 2024
How to assess your current status and plan for success in the final stretch of 2024. As we wrap up summer and head into the final stretch of 2024, it’s time to pause to take inventory of what the first two-thirds of the year brought and assess both what has gone well and the things that haven’t met expectations. In March, this column explored how planning and execution lead to business success. Here, I’m refocusing on that subject to help you position yourself for a successful finish to 2024. Assess Your Current Status As the challenges in your small business and profession mount, it’s critical to have real information and awareness of your business and the market around you. You need good, consistent data; having little or no information is even more reason to recalibrate for a better finish to the […]
August 28, 2024
Staffing and employee retention has been an issue for various sectors in recent years. In particular, the funeral and cemetery profession has experienced the effects of this business pain point. We asked Jared Tanke to share his insights as to what owners and operators can implement into their business models now to retain good employees. Question: How do I retain good employees? Jared Tanke: I recently attended the NFDA Leadership Conference in Ponte Vedra, FL. As a first-time attendee at this event, I was excited about networking with so many different funeral home owners, state association executives, and others. Throughout my time I was involved in many conversations around the biggest challenges facing the funeral profession. A question that kept coming up was “how do we retain talent?” This falls right in line with our 2024 Funeral & Cemetery Consumer […]