April 23, 2025
Published by 
Gabriel Ngo on April 23, 2025
Gabriel Ngo on April 23, 2025SCENARIO: Randall T. Smith and his wife, Petaluma (“Peta”), had owned and operated their own funeral home and crematory business, Mesa West Funeral Home & Crematory in Midland, Texas, for nearly seven years serving their community with the highest level of service at affordable prices. Then, in 2019, Randall was diagnosed with liver cancer, and in 2020, he passed away. Before Randall died, he told Peta that, “if you ever sell the business, I think it’s worth at least $1.4 million.” Randall and Peta, who were both licensed funeral directors and embalmers, had built Mesa West Funeral Home & Crematory on money they had saved up from years working for a corporate consolidator. Mesa was serving a solid 210 families a year, with total annual Revenue just north of $1 million by 2019. During peak COVID periods between 2020 and […]
April 23, 2025
Published by 
Matt Blackwell on April 23, 2025
Matt Blackwell on April 23, 2025In the ever-evolving funeral and cemetery profession, making informed financial decisions is more critical than ever. Whether you’re managing day-to-day operations, planning for a significant capital investment, or considering a business expansion, a well-crafted financial model can be the key to unlocking clarity and confidence in your decision-making. What Is a Financial Model and Why Does It Matter? A financial model is essentially a comprehensive summary of your funeral home’s income, expenses, and cash flow, all neatly organized in a spreadsheet. It is designed to answer pivotal questions about your business’s future. For funeral home owners, a financial model can help you: Plan Your Budget: Ensure that your revenue streams—from services like funeral arrangements and merchandise sales—cover your expenses, including staff wages and facility upkeep. Evaluate Investments: Decide whether purchasing new equipment (such as a retort or updated vehicles) or […]
March 28, 2025
Published by 
Luke Potter on March 28, 2025
Luke Potter on March 28, 2025The global nature of today’s economy means that tariffs, or taxes imposed on imported goods, can have far-reaching implications—including within the funeral profession. While many funeral homes may not feel the immediate impact of tariffs, it is essential to remain vigilant and prepared for potential ripple effects on business operations and the merchandise clients depend on. Staying informed and proactive can help professionals navigate these challenges while maintaining the quality-of-service families expect. How Tariffs Impact Merchandise One of the most direct effects of tariffs lies in the cost of funeral merchandise. Many caskets sold in the U.S., for example, are manufactured in countries such as China, Mexico, and Canada. If tariffs are imposed on these imports, the increased costs could trickle down to funeral homes and their clients. For instance, a 25% tariff on a $1,000 imported casket adds $250 […]
March 28, 2025
Published by 
Chris Cruger on March 28, 2025
Chris Cruger on March 28, 2025Embracing innovation while honoring tradition. The funeral service and cemetery professions have always stood at the intersection of tradition and adaptation. From the beginning, their focus has been on providing comfort, care and dignity to families during highly challenging times. Despite this heritage, however, funeral service is similar to other professions and therefore not immune to the rapid advancement of technology. Artificial intelligence (AI) has found applications across various sectors already, and it is now making its way into funeral home and cemetery operations. When I was first approached about the AI concept for funeral service four or five years ago, I confess I didn’t see the fit. I was wrong, however, and now see that AI is transforming the profession. In order to come to that realization, however, I had to understand how such a deeply human-centered vocation – […]
February 27, 2025
Published by 
Axel Jean-Francois on February 27, 2025
Axel Jean-Francois on February 27, 2025Let’s cut to the chase: Ignoring the Fed right now is like pretending it’s still 2019—and that’s a fast track to trouble. Interest rates are higher than they’ve been in 23 years, inflation is cooling off slower than we’d like, and your staff could bail for better hours at Amazon if you blink wrong. Sound dramatic? Maybe. But for funeral home owners, it’s the new normal. A Quick Reality Check: Ryan’s Dilemma Take Ryan in Louisiana. Back when COVID-19 cases were sky-high and interest rates were rock-bottom, he invested in a beautiful new facility to better serve his community. Fast-forward to 2025: calls have dropped from the pandemic levels, and his adjustable loan rate keeps inching up. Now that once-profitable expansion is weighing him down—monthly payments ballooned, and Ryan’s scraping for every dollar just to break even. That’s exactly why […]