Thought Leadership

November 28, 2023

Ask the Analyst: Growing Your Market Share

Growing your business can be challenging for some owners and operators within the funeral and cemetery profession. Between competition in your market to adapting to new consumer behaviors, we understand the process of growth can become complex. We asked Senior M&A Analyst, Jarod Bernat to further elaborate significant ways to expand your business. Question: I feel like our funeral home’s market share has hit a plateau and can’t seem to grow any further. How can I continue to grow my business? Jarod Bernat: Since the funeral industry is one where serviceable market areas and direct competitors can be easily identified and tracked, it’s easy to keep up with how you compare to “the other guys”. Sometimes it might feel like you’ve exhausted all resources trying to grow within your market, but you’ve hit a wall and case count won’t budge. […]
November 28, 2023

Ask the Owners: Elevate and Excel

The Strategic Evolution Blueprint for Funeral Home Owners In our next installment of Ask the Owners, Stephen and Diann Anderson, formerly of Anderson Funeral & Cremation Services discuss strategies funeral home owners and cemetery operators must take in order to elevate their businesses: Embarking on Strategic Evolution We are continuing in our series of articles; we hope that last month’s insights prompted you to have meaningful reflection.   We laid the groundwork, urging you, as a business owner, to embrace the transformative journey of strategic evolution. We explored the historical backdrop of our profession, the pitfalls of resisting change, and current funeral industry trends. Introducing the concept of Purpose Beyond Profit, we encouraged you to ponder the profound impact of your work. In this installment, we delve deeper into Strategic Evolution, emphasizing its pivotal role for your company. We’ll also underscore the […]
October 26, 2023

Ask the Owners: The Changing Funeral and Cemetery Profession

In our next installment of Ask the Owners, Stephen and Diann Anderson, formerly of Anderson Funeral & Cremation Services discuss the changes taking place within the funeral and cemetery profession and provide firsthand insights on how to adapt and evolve to meet these changes: Dear Friends, It’s been a month since we last connected, and we’ve been on a reflective journey. We’ve found ourselves pondering the true impact of the Funeral Profession not just for those who have chosen the calling to own a funeral home or to be a Funeral Director, but also for the families and communities we serve. We’ve asked ourselves a question that might resonate with you: Have you ever felt like your “Give a Damn” spirit has broken?  If so, let’s embark on a transformative journey together, one that will help us better serve those […]
October 26, 2023

Ask the Analyst: Setting Up Your Budget for the Upcoming Year

The new year may seem like it is far away, but there are just a mere 10 weeks left. While owners and operators have to keep their eye on the ball in order to maintain a strong finish to the year, simultaneously they must also keep the future in focus. This means, budgeting for 2024.  We asked Senior M&A Analyst, Jared Tanke to further elaborate on this process. Question: I am in the process of starting my 2024 business plan for my funeral home. What is the first step that I need to take to create a successful plan? Jared Tanke: Budgeting for a funeral home is absolutely critical to maintaining quality service, having adequate reserves for upgrading facilities, and navigating the constant changing landscape of the profession. Having a well thought out planning session where you lay everything on […]
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, […]
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