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As we launched into 2017, I see all sorts of resolution and other feel good articles how to live a better life this year.  Frankly, I wonder why we need prompting to do what should be done in the first place.  For most people, there are a few top “resolutions” with simple solutions:

  1. Want to lose weight and get in shape? Quit eating poorly and exercise.  The food that goes into your mouth comes directly from your own hand.  You don’t need a gym membership to roll your carcass out of bed in the morning and take 30-45 minutes to walk/run, do some push ups, planks, and get on with your day.  Get your ass out of bed a little earlier in the morning, exercise, and quit eating junk. Why is that so difficult?
  2. Want to make more money? Focus on what brings in revenue rather wasting time on crap that does not pay the bills.  Take a look where the money comes from and increase your effort to make more.  The harder you work, the luckier you get, monetize everything!
  3. Want to live a better life? Read 1 & 2, then organize your time:
  • Each day has 24 hours and each week has 168 hours.
  • If you work 45 hours per week, that leaves 123 hours.
  • If you sleep 48 hours a week (8 hours a night), that leaves 75 hours.
  • So that leaves 75 hours a week, 10.71 hours a day that you are not working or sleeping.  Surely if you want to better educate yourself, start a new hobby, spend more time doing anything, the math above dictates that it’s possible.

Make the decision to take command of yourself and life will get better.  From the Command Post (W), Cheers Y’all! #thefuneralcommander

 

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I was recently shocked when a couple of friends that work for a big funeral industry supplier were told by their management “relationships don’t matter, it’s all about productivity.”  This is simply not true because a relationship is the only glue that binds the brand to the customer. Say what you may, the funeral profession is about relationships. I have yet to meet an owner of a funeral home that buys from or does business with someone they really dislike.  In fact, in many cases it costs more to work with someone you like because of the value brought to the relationship.

As funeral home owners and directors, pause and consider that the families you serve are exactly the same. The majority choose a funeral home because they have a relationship with the owner or staff. Just below in rank of why a consumer chooses a firm is because the firm served a family member or friend in the past (notice price is not even at the top two).

Large gatherings like NFDA and ICCFA offer us a reason to arrive from all corners of the earth to commune with each other for a common purpose.  These few days of the “Funeral Super Bowl” in Philadelphia provide attendees many opportunities to become better educated and access to what’s new. However, the most important aspect of the gathering is strengthening old relationships and developing new ones.

As you know, I’m all about technology, Social Media, and new sources of reaching people. But the most effective form of communication is looking into someone’s eyes, conversing face to face, and listening.  A handshake, warm introduction, and genuine conversation are more captivating that “20% discount.”  Of course my preferred method is Mano y Mano, with libations and a cigar perhaps even during a round of golf. I have a very keen bullshit meter and I easily separate authenticity from superficial and the Mano y Mano method tends to prove true.

Interesting that even lower costs or fees has no relevance in a positive relationship (unless you want a cheap date). Relationships are a two way street with mutual trust and respect at the forefront. If you are here in Philly, let’s connect at booth 4318 or send me an email jeff@f4sight.com so we can schedule time together.  I’ll shake your hand, look you in the eye, and listen.  If we can get to it, I know a great spot for a libation and cigar which is always in order.

From the FOB in Philadelphia, Cheers Y’all! #thefunealcommander

 

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David kicked Goliaths ass.  Interestingly, David’s fellow warriors remained on the sidelines, huddled like a covey of quail, and just waited to see David get beat down by the giant.  But David was not only brave, he was an innovator.  He knew there was a simple solution to attack to win, versus the conventional “we’ve always done this way (and getting our ass kicked too)” crowd.

Guess what, fellow family-owned, small suppliers, and free thinkers of the funeral business:  “Goliaths” don’t innovate.  They dictate! 

Think about it.  What new innovation has made serious impact on the way we serve families or make our job better in the last 10 years?

Recently I was having a conversation with a funeral home owner client and he was lamenting how the funeral industry seems to be completely driven by “the big boys.”  And by “big boys,” he meant publicly-traded funeral homes and casket companies, membership organizations and other funeral industry providers who seem to determine our direction.

Over the next few weeks I’m going to address different categories of funeral industry Goliaths and highlight the emerging Davids.  I have a sling in one hand and rocks in another.  Yeah, this is going to be fun!  From the Command Post (West), Cheers Y’all! #thefuneralcommander

 

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In my funeral business consulting practice one of the most frustrating phrases I hear from funeral home owners and managers: “Oh, my local guy handles our accounting.”  I take a deep breath and think, “your local guy doesn’t know a rough box from an alternative container, yet he is in charge of your business’ financial advice?”  A Profit & Loss statement tells a story for a funeral home.  However if your accountant doesn’t know the language it’s doubtful the next chapters are going to change and the story is going to end poorly.  The average funeral home makes 7% profit; if your funeral home is at or below this average then you need to consider changing your accountant.

  • If your accountant has not addressed the comparison between your current year budget/forecast (if you have one), current year actual activities, and the last few years…YOU GOT THE WRONG ACCOUTANT!
  • If you your accountant does not provide you with analysis and suggestions of where to reduce cost and increase revenue (making profit) on a regular basis… YOU GOT THE WRONG ACCOUNTANT!
  • Take a look at your P&L and compare it to the same month last year and the year before. If your funeral home is not making more money versus  years past… YOU GOT THE WRONG ACCOUNTANT!
  • If your accountant can’t look at a trocar and casket key and identify what they are…YOU GOT THE WRONG ACCOUNTANT!

So, ask yourself; am I going to keep doing the same thing over and over again because I’ve always done it this way? It’s time to raise your hand and “have the talk of a lifetime.”  Save your funeral home from declining profits and let’s have a chat… jeff@f4sight.com.

From the Command Post (West) and a cigar just waiting to be lit, Cheers Y’all! #thefuneralcommander

 

cremation tfc

As a funeral consultant, I interact with at least 25 funeral home owners on a typical week and through social media I’m in contact with hundreds of funeral directors.  When I ask, “What’s the biggest challenge you face in the funeral profession?” almost on key I hear, “cremation is killing us.”  Cremation is by no means the major challenge we are experiencing, it’s our failure of “doing the business of the business.”

Let me explain by asking questions.

  • Cremation is a disposition. As such, funeral directors have the same opportunity to embalm as burial. Why doesn’t that conversation take place during cremation arrangements?
  • Why do burial families pay full price for basic service fee and cremation families get a discount on the exact services performed?
  • Why doesn’t every family receive a complete presentation for disposition of cremated remains including interment, scatter, keep, urn, and jewelry options?
  • Why don’t funeral homes get paid in full or secure payment prior to signing a goods and services contract?
  • Why don’t funeral directors train on their profession (not CEU) weekly to improve their skills (like the four questions above)?
  • Why do funeral home owners pay accountants that give them a P&L statement and balance sheet but no advice on how to increase their profit?

Take a moment and answer these questions honestly.  It’s not cremation; put some mirrors up in the funeral home and you’ll see the problem.  Do you want solutions to these problems?  Email jeff@f4sight.com and let’s schedule a time to chat.

From the Command Post (West), Cheer’s Y’all!  #thefuneralcommander

At Need Payment Training

In my consulting practice, I spend quite a bit of time with funeral home owners and directors providing solutions to get paid for their goods and services.  For the most part, when honest with themselves (and me), their payment policy is useless resulting in increasing accounts receivable as well as pressure on cash flow for the business.  However, the acknowledgement doesn’t always translate into corrective action.  So my question is, “When is the pain of not getting paid for your work intense enough that you actually take action to correct the problem?”

If your firm does not secure payment prior to conducting the service, you have a problem.  If you are not getting paid within 5 days on your insurance assignments, you have a problem.  If you have accounts receivable over 30 days, you have a problem.  If you knew you had cancer, what would you do? Wait until the pain becomes unbearable before seeking help? Or, would you immediately seek the finest specialists to eradicate the disease?

You know you have a problem, but is the pain great enough for you to take action or are you going to wait for the lump to grow completely out of control?

If you have one of the problems above, let’s communicate.  Yes, I am a specialist and I have the solution to your failed payment policy, lack of training, as well as accounts receivable problems.  Email me jeff@f4sight.com so we may initiate a cure.

From the Command Post (West), Cheers Y’all! #thefuneralcommander.

not a winner

I was recently traveling and saw the sign providing glory for the 4th place team in the 2009 Illinois Class 4A Basketball (I don’t know if there was a championship of some sort, the sign doesn’t say). Is congratulations in order for a 4th place?  What are your thoughts? #thefuneralcommander

 

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