May 29, 2022
Things in your business have changed, and owners may need to refocus their plans. The last couple of years have been quite the wild ride as the world as we knew it was turned upside down. The ways we’ve done things for decades have changed and so must our thinking when it comes to reinvesting in our business. What we reinvest in our business is a combination of capital (money) and your most valuable resource, time. There is only so much of each, and the way we use them is vitally important in securing the future of our business. We have been filled with revelations about consumers and their propensity for convenience, transparency and preneed. Their wants and needs are different now, so we must adapt. We are plagued by staffing challenges and many of the same factors impacting the […]
May 29, 2022
I got my start in the financial services world by selling life insurance across the kitchen table to young families. Once, as I met with a 20-something couple, the husband told me it was ironic we were meeting because they had just found out the day before that his wife was pregnant. Sensing an opportunity, I immediately started to explain a family life insurance policy that offered coverage on the husband, the wife and any and all children once they were born. The premium was $25/month, however, which was a lot of money for a young couple in 1980. The husband said, “We will probably wait on this until the baby is born.” In hindsight, I now understand why my reply caused them to evict me from their home: “Why wait? Do you want to see if you like the […]
April 28, 2022
Have you ever been asked to provide information on your former employees? This is a common occurrence and can be complicated depending on what is being asked. Curtis Rostad provides his insights to this important question below. Question: I had a firm call me asking for information on a former employee who had applied for a job with them. I didn’t know what I could tell them. I have been told only to confirm that they used to work for us and their dates of employment. What is the law? Curtis Rostad: There is no federal employment law restricting what you can say about a former employee. The advice to disclose only employment dates comes from (overly) cautious attorneys that fear you might be sued by the former employee for defamation over what you might say. But you are not […]
April 28, 2022
To strengthen your business and be prepared for changing times, you must accept and embrace innovation. They say hindsight is 20/20, and while no one could have predicted the long-lasting impact the pandemic would have on our businesses, the truth is that most of these “new” marketing trends across the funeral and cemetery professions are actually not that new. Social media has been around. Google Ads were available as an advertising platform. Branding was always crucial, and having a functioning website was the norm. It’s just that, at the time, they were things we’d get around to implementing “eventually.” They were considered “nice to haves.” Now, when it’s vital to connect with client families in every way possible, these “new” trends have now become “need to haves.” I don’t want to bear bad news or be alarmist, but if you […]
April 28, 2022
As I attempt to transfer the knowledge I’ve learned over five decades in funeral service, I find I must ask questions as often as I answer them. Q1: Why is it important to set prices accurately? That sounds like a childlike question, but the way this profession sets prices would be an insult to most fifth graders. In 1985, the Federal Trade Commission (FTC) forced funeral homes to change from a “package pricing model” (the family buys the merchandise and everything else is thrown in) to an “itemized service fee and merchandise-pricing model.” This caused owners to start by guessing how to allocate their fees on the 16 Funeral Rule-required itemized goods and services to account for the loss in revenue caused by dropping the markup on merchandise from about five times to roughly two times. To make matters worse, […]
March 29, 2022
Scenario: Remember Sally and Steve Mooney from HR Case Study #22? They own Weacrematieu Cremation and Funeral Services located in the Southeastern United States. The Mooney’s have a thriving business in an area that is experiencing a growth in population as it is very attractive to both new businesses and potential employees. Weacrematieu case volume has been increasing year over year. Long-term employee retention has been a key focus for Sally and Steve which has led them to develop very attractive benefits and compensation packages. As part of their initiatives, they created an employee handbook and specific policies related to various benefits offered to employees. These policies include health, dental, and vision insurance, paid sick leave, vacation leave and a retirement plan. Within the employee handbook, the policies specifically outline how each benefit is provided or where to seek more […]
March 29, 2022
In last month’s column, I outlined the questions you must address for preneed to serve as a positive part of your business and planning. As noted at the end of that article, I intend to answer those many questions in this month’s article, so please, read on. Today, between 20% and 30% of the average funeral home’s annual calls originate from preneed. Now, if you thought that one person in your community would account for 20% to 30% of all your calls in a given year, would you be cavalier about the financial status of this person? Of course not. You would want to know their net worth, their ability to pay in the future, etc. The concept of preneed involves getting consumers to make advance directives, thereby informing their loved ones and the funeral home of the services and […]
February 24, 2022
Nothing is more confusing to an outsider to this business than the concept of “inventory” in the cemetery business. Inventory is defined by most financial dictionaries as “the entire stock of goods, materials and components, finished and unfinished, of a business.” Therein lies the problem. The definition does not apply to the unique nature of the cemetery business. I have performed almost 1,000 valuations of cemeteries in my career. Routinely, each and every balance sheet of a business will list items as inventory. Some such items of a cemetery will be identified on their balance sheet as inventory. However, not all items that are called inventory by an accountant are, in reality, inventory because the definition is flawed. Cost of Goods Not a Good Measure Inventory is used in accounting as a “Cost of Goods,” but not all “Goods” can […]
February 24, 2022
My Knowledge Transfer Plan Chapter 2: A Preneed Overview The first large-scale speech I gave at an NFDA convention was in Orlando in the 1980s. In the room next to me was an industry “expert” whose presentation denounced the use of funeral directors as salespeople and asserted that preneed was an inferior way of promoting funeral home services. From then until 2019, preneed sales rose in almost every category you can look at it. Overall number of contracts sold by the profession increased at least 300% during that 40-year period. The annual number of preneed contracts served increased almost 500%, and the backlog of preneed contracts as “inventory” for future service by any funeral home also increased by at least 100%. In other words, the presenter in the room next door had been wrong. Despite the onset of the pandemic, […]
January 27, 2022
Deathcare’s Confusing Terminology Funeral Service is not alone in seeing changes to the terminology we use every day. Just like airline stewardesses have become “flight attendants,” secretaries have become “administrative assistants,” and waiters and waitresses are now “servers,” we have progressed from “undertakers” to “morticians” to “funeral directors” and even “deathcare professionals.” Bodies no longer lie “in repose” or lie “in state.” We prefer “visitations” and “family farewells.” Hearses have become “casket coaches” or “funeral coaches.” “Tombstones” gradually became “monuments and markers.” Today, they are now “cemetery memorials.” We no longer “retrieve the body,” we now “remove the remains.” And for those who feel “remains” sounds too cold and uncaring, they use “bringing the loved one into our care.” We avoid the term “ashes” yet “cremains” never really took hold. The proper term is now “cremated remains.” It is interesting […]
January 27, 2022
After almost 40 years in the profession, I never questioned the concept of the “size of a cemetery.” I have seen them 40 acres, 200 acres, and even family and church cemeteries that are only 1 or 2 acres. But those were cemeteries initiated 50 years to 200 years ago. As we exist today in 2022, how big will the cemetery of the future be? Cemeteries in the Past The creation of a cemetery was in many ways a requirement for a “town” to become a “city.” As the town wished to be elevated in sovereignty to a city, it needed to have a cemetery. Usually, that cemetery was built at the edge of the town. People would walk, ride their horses and buggies, and (for the past five generations) drive their cars to the edge of town for burial […]
January 26, 2022
Each year, American Funeral Director Magazine publishes a yearly forecast article where experts and innovators in the funeral and cemetery profession share their predictions for the year ahead. For 2022, they share their visions of the future of cremation, memorialization, technology, what a post-pandemic world looks like, and more. Chris Cruger had the honor this year to be part of this insightful article. This article originally appeared in the January 2022 issue of American Funeral Director, published by Kates-Boylston Publications, and is being shared with permission. We have included his excerpt below. You can also download the entire article Chris Cruger on his vision of 2022 I think we’re going to see quite a bit of the same in 2022 that we saw in 2021. Consumer attitudes and behaviors have changed so dramatically through COVID that it has completely shakin’ […]











