Blog

May 30, 2014

The Foresight Companies Accounting Newsletter – June 2014

Reading Financial Statements If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket science.   
May 22, 2014

EBITDA is the Key to Financial Health

If you are in business there is one supreme, almighty financial goal: earnings. We can talk about things that enhance your reputation and long-term growth, but the goal always remains earnings. Therefore, the key question of any business owner or manager should be: “How do you measure earnings?” I have looked at all methods to measure earnings, but the one measure I use consistently is earnings before interest, taxes, depreciation and amortization, otherwise known as EBITDA.  Click below to see full published article.  
May 22, 2014

Advanced Sales Roundtable

Preneed isn’t just for funeral homes. Cemeteries can certainly benefit from boosting their advance sales – but it’s not an easy task, especially with the rise in cremation. We spoke to Daniel M. Isard, president of The Foresight Companies, and Paul White, vice president of client development and marketing with Funeral Services, Inc., who shared their thoughts on best practices for making advance sales.  Click below to see full published article.  
May 16, 2014

Press Release: Funeral Service Inflation Rate Announced for 2013

Isard leads off his analysis by stating, “In the 28 years I have calculated Funeral Service Inflation, this past year showed a number of trends that were totally unpredictable.” click link below to see full Press Release… Press Release on FSI 2013              
May 14, 2014

Re-engineering Your Profit: Using Packages

In 2014, I’m taking readers through a business re-engineering plan, where profitability is looked at on a minute scale. So far, we’ve established the true overhead and itemized pricing. Now let’s take a look at the concept of service packages. Everyone, that is, except New York, which is restricted from using packages. If you‘ve studied funeral service, you know that the concept of packages is not new. In fact, it is very old. Prior to the establishment of the…
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