Thought Leadership

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, […]
September 26, 2023

Ask the Analyst: Key Considerations When Choosing a Successor

Having a succession plan in place for your funeral home or cemetery business is vital in today’s business environment. While there are many elements that go into your succession plan, one that is of high importance is who to choose as your successor. In our latest Ask the Analyst blog, Sierra Heil shares the key consideration when deciding who the successor of your business will be. Question: I am in the process of deciding who to succeed me in my funeral business. What are the important things to consider when selecting my successor? Sierra Heil: For all funeral home owners the decision to choose a successor to sell your business to is a significant and deeply personal one. Your business holds a special place in your heart, as you have helped families during their most challenging times and built up a […]
September 26, 2023

Funeral Service at the Crossroads

PART 1 OF 3 Written by Chris Cruger with Alice Adams Will you succeed in your profession’s new era? This is the first of a three-part series based on the results of The Foresight Companies’ Funeral & Cemetery Consumer Behavior Study, its annual public/professional funeral and cemetery survey conducted for the past four years. This article will focus on current perceptions and expectations of the consumer public and the gap occurring between these perceptions and those of funeral service and cemetery professionals. The second installment – education, education, education – will appear in the October issue of The Director and provide an extensive “how to” for educating your community. The final article in November will amplify the survey data on the importance of trust and transparency in the reality of consumer perceptions and needs in today’s marketplace. Modern eras are […]
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