Quick question: How much do you currently have in your firm’s Accounts Receivable? What could you buy right now for your business if that money was in your bank account? New computers? A new hearse? A total remodel? A new location? If your funeral home has accounts receivable, your payment policy (immune system) is broken and your firm is suffering from a serious disease. What I find astounding is that some funeral homes don’t know they are sick. People die every day because they failed to get regular check-ups and pay attention to their health. When the news strikes and depending on the stage of the disease, it is sometimes too late for any treatments or even surgery.
Funeral home owners are no different. Ignoring the very information in front of their face; accounts receivables. I talked to an owner recently with over $300,000 owed for services and products already provided! The average funeral home has $17,000 in AR’s…folks that over $300,000,000 (three hundred million for those of you that “don’t do numbers, we just serve”) that is due for hard work.
Get a financial check-up. If you have any money due over 30 days, you’re sick. It may be a cold (a small amount) or full blown stage 4 cancer. At Need Credit has the cure, you just have to take your medicine. Simple Funeral Payment Plan is easy and the technology is far better that poor Mrs. Edna sending out those letters from the book of promises every month, but few checks coming in return. It’s just that simple, why won’t you do something to make it better?
From out west in Sunny Scottsdale (yes, I’m in training), Cheers Y’all! #thefuneralcommander