Thought Leadership

“So to the best we can, what we do is focus on creating value for others, and how do we do that? We do it by trying to produce products and services that our customers will value more than their alternatives, and not just their alternatives today, but what the alternatives will be in the future.” – Charles Koch, Chairman & CEO of Koch Industries Creating value for others involves producing products and services that the customer will value more than their alternatives—not just alternatives of today, but what alternatives there will be tomorrow.  There, I summarized the pithy quote with some inherent wisdom built into it.  The end, right?  Regardless of how you might personally feel about oil companies, billionaires, Koch Industries, or the Koch brothers in general, I believe this quote applies to this profession now more than […]

Scenario: Robin John Blake and his wife, Barbara, own and operate Rio Grande Funeral Home & Crematory in Laredo, Texas. For the past 17 years, they have grown their business by serving the community with an excellent reputation. In 2024, Rio Grande served over 350 cases two years in a row for the first time. Laredo, as a funeral service market, is unique in that the city and its surrounding areas still have a relatively low cremation rate, especially when compared to other border Texas towns like El Paso as well as the Rio Grande Valley further south toward Brownsville. Robin was born in Laredo, and after traveling the world having worked in hotel and restaurant management, he came back to his home state and met his wife, Barbara, in Austin years ago. While Barbara’s background was in event planning […]

Transparency’s Importance in Deathcare’s Online Pricing It almost seems as though The Dalai Lama’s quote is specifically directed at this crossroads where we are, concerning consumer sentiments and online pricing of funeral and cemetery services and goods. I know that you all are probably tired of hearing or reading about online pricing. In the future, we all anticipate having online pricing become a requirement by the Federal Trade Commission (FTC) in some form, shape, or fashion. For some of you, your state already has mandated that you publish your pricing online. This article, however, is not about the FTC, any mandates, or requirements, etc., it is about what consumers want in this ever-advancing technological world, and why you should give it to them: As of 2022, Baby Boomers make up roughly 21% of the population in the United States. Generation […]

Written by Jarod Bernat The highs and lows of business valuation and the tools and processes you need in place for a successful transfer of ownership. It’s been difficult not to notice the craziness happening all around us and how it impacts the economy in turn. Just consider that the funeral service profession also experienced some of the most significant ups and downs throughout the COVID pandemic and its aftermath. With death rates fluctuating year to year and competent staffing becoming increasingly more difficult to retain, combined with the overall shift in the economic environment today, tracking the value of your business has been anything but linear lately. In the 2023 NFDA Member Succession Planning Study, only 53.1% of owners surveyed responded that they knew the value of their business. Even then, this does not differentiate “yes” responses among those […]