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How To Know When You are Ready To Exit Your Business

How To Know When You are Ready To Exit Your Business The answer to this challenge is both situational and personal. Whether you plan on leaving the business altogether or you want to work as long as you are able, most people agree that achieving financial independence should be a primary goal. You may want [...]

New & Improved Funeral Home Valuator

I have chosen to celebrate the re launch of my new website with an updated and improved funeral home valuation calculator. This calculator is part of my effort to help practitioners access quick and easy tools that will help them make better choices for their business. You can use these calculators any time and [...]

Universal Requirements For Successful Family Transition

There are 3 Universal requirements for a successful family business transfer: A competent successor The Business is ready The owner is ready Part 1 - A Competent Successor A successor is competent when they have demonstrated both the ability and willingness to run the business. For most small businesses however this is a major challenge. Yes [...]

Thumbnail: What’s It Worth?

A lot of my readers are curious about what their business is worth but aren't yet ready for a full valuation. They just want an idea. Well, as you can imagine that gets kind of messy. There are a lot of moving parts in a valuation; but if you just want an educated guess click [...]

Casket Merchandising and The Hawthorne Effect

The Hawthorne effect occurs when individuals modify or improve an aspect of their behavior in response to their awareness of being observed.  The concept is more simple than it sounds. People change their behavior when they are being observed. Where this applies to casket merchandising is subtle but important. The profession has come to rely on a [...]

By |2018-01-25T20:04:14-04:00September 22nd, 2015|Blog, Money: Getting it and Keeping it, The Creedy Commentary|10 Comments

Check Their Math! How The Herd Instinct Works In Funeral Service

WARNING! This is not about caskets! A couple of decades ago I was visiting with 3 funeral home owner friends. They were discussing among themselves that the expensive makeovers of their selection rooms, popular at the time, were not working as advertised. Having heard nothing but glorious praise about these "retail" style showrooms I was [...]

Lest You Misunderstand

politically incorrect photo Last week's post was about casket discounting. I just want to make myself clear. I still meet people who believe their salvation is in the selection room. They even have incorporated their arrangement rooms inside their showrooms. (What kind of message does that send??) What I want my readers to [...]