FD Talks: Episode 11 – Watching Your Costs to Hold on to Profits
As a funeral professional, you’ve worked hard to establish your business and set fair prices for your services and offerings. But recently, inflation has caused price increases for oil, lumber, and other basic commodities, leading you to wonder how this situation will affect your business and what you can do about it.
In this episode, host Rob Davidson and Tom Anderson, CEO and Editor of Funeral Director Daily, break down inflation in the funeral profession, solutions around raising prices vs. watching costs, and trusting your intuition!
Another way to combat inflation and rising prices is by introducing an additional stream of revenue, such as an active preneed program or an online planning and funding tool.