Articles

Featured in American Funeral Director by Kates-Boylston Publications When selling a funeral home, timing matters. Owners spend decades building reputation, market share, staffing relationships, and operational consistency. That lifetime investment often creates a sentimental perception of value that buyers may not fully support. Sellers sometimes become anchored to a target number and convince themselves that if they wait just a little longer, the “right buyer” will eventually appear. What many owners underestimate, however, is how quickly business value can deteriorate once they mentally decide they are ready to sell. The following case study illustrates a pattern that has become increasingly common throughout the funeral profession in recent years: a business owner receives a strong offer while the company is operating at peak performance, delays the sale in pursuit of a higher valuation, gradually disengages from operations, and ultimately watches both […]

How to approach a transfer of ownership realistically and effectively. Succession planning in the funeral service profession rarely entails just a business transaction. It is personal; emotional; and deeply tied to family legacy, community reputation and identity. For many funeral home owners, their business represents multiple generations of service. For the next generation, however, it represents opportunity, responsibility and, oftentimes, a very different vision for the future. Setting realistic expectations for both sides of the succession plan is the key to a successful transition. Without clarity, assumptions can cause resentment, and even good intentions can lead to fractures in a relationship. With clear communication and structured planning, however, succession can strengthen both the relationship and the business. For both the current owner and the future successor to approach succession planning with realism and foresight, they must adhere to the following […]

What new consumer data means for funeral service and cemetery professionals Each year, Foresight studies the evolution of consumer attitudes toward funeral and cemetery services. Over time, our Funeral and Cemetery Consumer Behavior Study has become an annual benchmark for deathcare, and we make a point of sharing its findings with readers of The Director first. The goal of the study is straightforward: to better understand how families perceive funeral and cemetery services, what families expect from providers, and where the two professions can continue to improve. This year’s research includes feedback from more than 5,000 consumers and more than 1,000 funeral service professionals. This is the highest participation in the history of the study. With this level of engagement, the data provides a clear view into how families approach funeral service and cemetery decisions today. The results offer both […]

Arranging the story, not just the service, ahead of time. “Begin with the end in mind.” – Stephen Covey, American leadership expert and author of The 7 Habits of Highly Effective People I am friends with a retired funeral home owner and operator in Illinois. He ran an incredibly effective aftercare program that families loved. This gentleman, whom I greatly admire, employed a full-time licensed grief counselor and offered free grief counseling up to one year after a loved one’s passing. This aftercare program generated a multitude of leads for preplanning and prearrangement, but it also became a competitive advantage. He was providing the highest level of high-touch service, so he was able to justify higher prices than his competitors. Many thought leaders have written about how well designed aftercare programs can help owner-operators boost preneed business. And many others […]

Featured in American Funeral Director by Kates-Boylston Publications Tom wasn’t just an employee. He was deeply involved in day-to-day operations, trusted by staff and known to families, and already functioning as the operational backbone of the business. He was the clearest choice for an internal business sale. However, Eli wanted clarity. What was the business worth? What would each path cost? What would the transition realistically look like? We completed a valuation, walked through deal structures, and laid out what each scenario meant. At the time, the business was consistently serving more than 300 families per year. Revenue was strong, and cash flow was reliable. The valuation supported a number north of $4 million. For Eli, buying out his uncle would cost him at least $2 million. And that’s when Eli hit pause. The price felt high. The commitment felt […]