Thought Leadership

January 30, 2024

Ask the Analyst: Prioritizing Your Business Success in 2024

As we guide our clients through the uncertainties of 2024, the question of strategic positioning is paramount. We asked Financial Analyst, Taylor Weber to share her insights on how to set your business up for success this year. Question: “How can we strategically position ourselves for success in 2024, and what key factors should we prioritize?” Taylor Weber: This is a very important question and one that we are asked a lot by our clients, especially during the first month of the year. Establishing a solid budget and goals for our clients heading into the new year involves a collaborative effort and an evaluation of qualitative and quantitative factors, particularly considering the unique circumstances of what post-COVID looks like. It is crucial to recognize that comparing historical operations to the anomalous years of 2020-2021 might not be practical. The industry […]
January 30, 2024

Ask the Owners: Rethinking Consumer Needs in the Funeral Profession

In our next installment of Ask the Owners, Stephen and Diann Anderson, formerly of Anderson Funeral & Cremation Services discuss the importance of funeral home owners and cemetery operators having a strong understanding of what their consumers wants and needs are: Ask the Owners: Rethinking Consumer Needs in the Funeral Profession As we continue to look at Strategic Evolution it’s my hope that there will be something you read that will ignite or reignite within you a desire to challenge or go beyond the established norms, traditions, or practices within the funeral profession.   As I mentioned in last month’s article “Developing a Mission of Legacy” we are going to start thinking about the importance of understanding your customer’s needs and challenges. Let’s begin with a critical issue-the gap in what the funeral profession offers. Challenging Consumer Desires Henry Ford’s famous […]
January 30, 2024

Know Thy Business

Building your success on awareness and a plan. As we begin 2024, I am humbled to be a part of this business and finance column going forward. We have some big shoes to fill after the wisdom Dan Isard has brought to this column for decades. My focus is going to be on planning, awareness and accountability in your business. I want to challenge you to make 2024 the best year it can be and then grow from there. I believe that awareness, or understanding, is a core principle in business success. Awareness of yourself, your business and your community is what charts the path forward in these turbulent times. The more you understand your present situation, the better prepared you will be to adapt going forward. A key part of awareness is knowing where we are today and where […]
December 28, 2023

Ask the Analyst: Ringing in the New Year – Keeping Your Future in Focus

We begin 2024 in just a few days. For many people, it is a stressful time wrapping up the year and beginning the next. However, it is our goal to help relieve some of that stress. We asked Senior M&A Analyst, Jared Tanke to share a few key questions to ask yourself now, in order to keep 2024 in focus and make it your best year yet: What went well in 2023? By asking yourself this question, you must recall the past 12 months and identify the things that you, your staff, did well. Was there anything you changed or did differently this year than years past, and if so, how did that look and feel? Sometimes this is done by performing a SWOT analysis, which goes out identifying your strengths and weaknesses, and your opportunities and threats. While we […]
December 28, 2023

Ask the Owners: Forging a Lasting Impact

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 create a lasting impact and legacy: Forging a Lasting Impact: Crafting Your Enduring Legacy Through Your Mission “I don’t know if we each have a destiny, or if we’re all just floatin’ around accidental-like on a breeze, but I, I think maybe it’s both. Maybe both is happenin’ at the same time.” Forest Gump It started very subtly, the first sign happened when I visited my hairdresser, and she asked me if I wanted to put a few highlights in my hair to help cover the gray hair that was starting to grow instead of my natural color.  And it continued; one day I noticed when I tried to […]
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