Gallup recently released the “Mood of the Nation” annual poll that revealed 42% of Americans are financially in worse shape now than this time last year. Approximately 30% say they are better off. Most are optimistic that their status will improve in the future, but that is generally the case…hope. How does the financial status of our fellow American consumers correlate to funeral homes?
In the last few years I have been watching consumer financial postures, and consistently the news is not positive. CNN Money reported last summer that 76% of Americans are living paycheck to paycheck meaning they have less than 6 months of savings to replace their incomes if job loss occurs.
These people and their relatives are dying. Our funeral homes are serving financially struggling families. Bridging the gap between funeral home revenue recovery, cash flow and providing families with goods and services they can afford is becoming more of an issue than even a few years ago. What is your funeral home doing to grow and maintain revenue with the average Americans that are forced to make funeral decisions with their wallet, not their heart.?
There are solutions to improve cash flow and eliminate accounts receivable. As a funeral home owner/partner, not only do I understand the issues, I live them. With $0 accounts receivable and payment secure before the funeral contract is signed, we know the “secret sauce.” I’d like to share it with you, drop me a call at 540–589-7821 and lets set up a time to chat.