Thought Leadership

July 30, 2024

Prices vs. The Internet

The number one reason to make a single change to your website. Funeral home websites are surprisingly similar. Pick one at random, check the pull-down tabs and you’ll probably find pictures of the lobby, chapel and grounds; current and past obituaries; and a virtual register book. You will likely also find an “About Us” tab that might include a short history of the firm and pictures of the staff. Elsewhere, you’ll find informational pages on funerals, burial and cremation, and possibly some on caskets and urns. You will most likely also find information on preneed, including a form consumers can fill out if they wish to be contacted about making prearrangements. In most cases, however, the information most critical to funeral planning – pricing – is conspicuously absent. In 2021, the Federal Trade Commission (FTC) conducted research and found that […]
July 30, 2024

Be a Tree

In order to lead well, you must first grow yourself, as any meaningful and lasting change begins within you. “Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” – JACK WELCH, AMERICAN BUSINESS EXECUTIVE AND FORMER GENERAL ELECTRIC CHAIRMAN AND CEO Let’s go over some of the challenges and hurdles staring leaders in the face in 2024 (and possibly beyond): Rapidly changing consumer wants and needs (client families are a consumer subset) ✔ Consumer demand for more convenience and greater transparency and use of technology ✔ Finding and retaining qualified talent and staff is increasingly more difficult ✔ Funeral home environments becoming more multigenerational among staff ✔ It’s an inflationary environment in which not only money/cost of capital but everything else is more expensive. ✔ There is […]
July 30, 2024

What’s with the Dirty Carpet and Stale Donuts?

Three Things You Can Do Right Now to Future Proof Your Business According to a recent article published by the University of Kansas School of Education & Human Sciences1, the U.S. education system “has been struggling to keep up with other countries in terms of educational performance … The consequences of this educational gap are far-reaching … The USA is now the worst-educated workforce in the industrialized world.” Based on the results of our 2024 Funeral & Cemetery Consumer Behavior Study (FCCBS) , the U.S. funeral and cemetery profession may just be in a similar position when it comes to educating consumers about both its products and services … and itself. And that’s not all. Other data from recent studies highlight another key challenge facing the funeral and cemetery industry: an impending avalanche of customers who live their lives online […]
July 30, 2024

Ask the Analyst: Set Yourself Up for Success

Establishing a funeral home or cemetery business for future success is crucial for its longevity as well as for a smooth ownership transition. You must be proactive in this approach and take early steps as opposed to waiting for when it must be done. We asked Financial Analyst, Luke Potter to go into further detail on the process. Question: What steps can I do now in my business plan to set my funeral home up to be successful? Luke Potter: Setting up a funeral home for future success is essential for ensuring its longevity and the smooth transition of ownership. Proactive succession planning is a key component of this preparation. By identifying and mentoring potential successors early, whether they are family members or key employees, funeral directors can provide continuity and stability. Developing leadership skills and creating a comprehensive transition […]
June 27, 2024

Ask the Owners: This is Not a Dress Rehearsal! You Are Meant for More!

Written by Diann Anderson, formerly of Anderson Funeral & Cremation Services Why Momentum Matters: Transforming Your Funeral Home from Stagnation to Success and Making a Lasting Impact As the saying goes, a picture paints a thousand words, and the best way to illustrate a point is by telling a story.  I would like to tell you the story of two different funeral home businesses.  I cannot think of a more engaging way to stress the importance of your business having momentum than painting the picture representing the difference between two different business models – one that has it and pursues keeping it and one that doesn’t care.  In this article I am going to tell you exactly why your business must have momentum for you to realize success. I am opening up my vault of experience and will be sharing […]
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