Category: funeral home

There are many reasons you might want to consider the funeral industry. For one, you may want to commit funds to invest in a funeral business or even start one from scratch yourself. Funeral homes in Tallahassee, FL have been said to be a good investment opportunity. So, here we discuss how this investment may pan out.

Reasons to Invest in Funeral Home

The funeral business is strong due to several reasons. The most prominent ones include:

A Huge and Largely Untapped Market: While the funeral business may seem unattractive because of what it entails, statistics claim that it is a market with many potentials. For one, it is huge. The industry does a turnover of over $21 billion per annum. This amount is shared by about 19,000 funeral homes, which handle about 2.8 million funerals (burials and cremations) yearly.

The National Funeral Directors Association (NFDA) also claims that its members serve an average of 113 families annually. Looking at the average amount of organizing a single funeral, you will agree that funeral businesses see a lot of revenue.

Strong Fundamentals: The funeral home business is comparably stronger than other markets because it possesses features that make it forever relevant. The funeral industry is an evergreen one. Death is mostly inevitable for all humanity. Thus, there will always be the need for services to store and prepare the dead body before it is disposed of.

Furthermore, unlike other industries, trends in the society or economy don’t seem to affect the industry much. Thus, you often don’t find a scenario where events such as a recession slow down the funeral industry.

Opportunity to Pivot: The funeral industry is fast changing. People are becoming increasingly environmentally conscious and are avoiding less eco-friendly ways of disposing of the body of their deceased loved ones. As such, we have such methods as cremation gaining popularity.

Thankfully, however, the industry is not structured to prevent incumbents from engaging in emerging industries. As a result, traditional funeral homes are free to pivot to these other niches while maintaining their profitability.

Diversification and Growth Opportunities: Just as with the above, the funeral industry can be flexible, allowing businesses to move across business lines in any part of the sector. As such, a funeral home can diversify its business offerings to include organizing all forms of funeral-related events, including memorials, burials, and cremation services.

In addition, the industry is poised to grow at an average of 6% over the next five years, which is decent.

Sizeable Profitability; The funeral business allows firms to earn a considerable bottom-line on revenues made. The NFDA puts the average cost of a funeral in the US at $7,800, and funeral homes can record as high as 60% profit margin per contract.

Then as the funeral home grows, they can retain even more profits due to economies of scale.

Factors that can Affect the Viability of a Funeral Business

Some factors may influence how investable a funeral business is. Put these into account when investing.

• Location: If you live in more populated and richer states, the funeral home can get more contracts and charge higher.
• Business Management Skills: The funeral home managers must be frugal while handling their finances. Furthermore, they must seek ways to expand earnings.
• How Diversified the Business: You can’t merely stop at owning a funeral home. Add other services.

Conclusion

A study of funeral homes in Tallahassee, FL reveals that the funeral business is quite attractive. However, there is the need to pay attention to the location of the business alongside the operator’s management abilities.

It is no gainsaying to state that funerals in America are an exceedingly expensive affair. Estimates from funeral service in Tallahassee, FL, state that it can cost as high as $8,000 to organize a befitting funeral for a loved one. Figures presented by the National Funeral Director Association (NFDA) also support the calculations made by funeral service Tallahassee, FL.

In essence, we have a situation where families and loved ones have to experience aggravated financial losses while still grappling with the physical and emotional toll of the deceased’s departure. However, this is not supposed to be the case. If the funeral bill feels overwhelming, there are viable sources of funding you can consider.

Fastest Ways to Raise Funding for a Funeral

Here, we discuss some of the channels to raise financing for the funeral service of a loved one:

Tapping into the Deceased’s Finances

The fastest means of funding for funeral proceedings is to take advantage of financial arrangements that the deceased might have made for this purpose during their lifetime. For instance, the deceased may have taken up a comprehensive life or final expense insurance policy. The insurance company is then liable to pay for the funeral and other expenses that may relate to the subject’s death, including medical bills.

However, in the absence of this, you may look at other financial items or plans the deceased had, such as their assets. For the funeral service, we strongly recommend that you only go for liquid assets such as stocks, ETF holdings, money market funds or even cash in the bank. These assets are easily convertible to cash, and you can access them in time for the funeral.

We don’t recommend selling illiquid assets such as landed property, vehicles and private company shares as they are much more valuable. But, then, it often takes time for them to get sold.

Family and Friend Contributions

Another easy and quick source of funding is the contributions from the relatives and other associates of the deceased. One benefit of this is that it lessens the financial burden on a single party and shares the responsibility across the board.

Furthermore, it helps you avoid selling the deceased’s property that would be best shared among their survivors. Lastly, there are higher chances of raising significant surpluses that you can channel towards relief for the family.

All you need do is host a meeting of the closest family and friends and call for donations. Note that such a meeting can be virtual in the current remote world.

Crowdfunding

This is not the most recommended but can be tapped into, especially if other channels don’t work out. Alternatively, even if other funding sources are available, you can still use this to raise greater sums for gainful initiatives such as a memorial fund or scholarship in the name of the deceased.

Crowdfunding has become seamless with technology as you can set up campaigns on online platforms like Kickstarter, GoFundMe, and Indiegogo. You can either make the crowdfunding campaign closed and limited to the deceased’s friends, associates, and colleagues, or you can throw it open to the general public.

Conclusion

The death of a loved one is grossly undesirable. But when it happens, survivors are obligated to host befitting farewell services for the departed, which are often costly. However, based on recommendations from the funeral service in Tallahassee, FL, we have outlined channels through which you can raise funding quickly.

The total number of funeral homes in the country has gone down in recent years. According to the National Funeral Directors Association, there were more than 20,000 funeral homes a decade ago. Today, there are about 19,000 of them. You might think that this would make it easier to find the best funeral homes in Tallahassee, FL, and other parts of the country. But it can still be very challenging to track down the right funeral home for your loved one’s services. Learn how to do it below.

Look for Tallahassee funeral homes that have extensive experience in the funeral industry.

The more experience that a funeral home has, the better! You don’t want to bring a funeral home on board for your loved one’s Tallahassee, FL funeral services if they’re not experienced enough to handle the job. Don’t be afraid to look up how long a funeral home has been in business, either on their website or through other materials that you find online. The last thing you want to do is work with a funeral home that hasn’t been around the block as far as planning funerals is concerned.

Make sure funeral homes offer the services you need.

Many people don’t realize this, but not all Tallahassee funeral homes are able to provide the same services to families. Some only offer burial services to families, while others have shifted into extending cremation services almost exclusively. You should make sure that the funeral services Tallahassee offers what you and your family need prior to working with them. You can usually find a list of their services right on their website.

Locate funeral homes that go above and beyond to make you feel like family.

Funeral homes are businesses. They’re designed to help those who run them make money. But that doesn’t mean that they should treat you like just another customer when you pay them a visit. They should open their arms and their hearts to you and do whatever it takes to make you feel like a part of their family when you’re working with them. This will make the funeral planning process so much easier for you and your family.

Consider the costs associated with different funeral homes before choosing one.

You might be surprised to see the discrepancy that exists when you look at the prices offered by one funeral home versus the prices offered by another funeral home. You might be able to save hundreds, if not thousands, of dollars by working with one funeral home over another one. That’s not to say that you should simply choose the funeral home with the cheapest prices and work with them. It won’t be worth it if their services aren’t superior. But you should shop around to find the funeral home that’ll offer the most competitive prices along with great services.

When you’re dealing with the death of a loved one, the last thing you want to worry about is whether or not you’re getting the best possible service from your funeral home. But with so many options out there, it can be tough to know where to turn. That’s where we come in. We’re a team of experienced professionals who have helped countless families through the tough process of choosing a funeral home. We know how overwhelming it can be, and we’re here to help you make the best decision for your loved one.

At Lifesong Funerals & Cremations, we know that you have lots of options when it comes to funeral homes. But we also know that you won’t get better service elsewhere than the service you receive from us. Reach out to us at (850) 765-3190 or take a trip down to 231 E 6th Ave, Tallahassee,FL 32303 to begin checking Tallahassee, FL funeral homes for your loved one.

Traditional funerals vary in style, but they all follow the same basic format. The main steps are outlined below, and funeral homes in Quincy, FL are always ready to assist with your funeral needs.

The funeral ceremony is an essential part of a funeral. When people think of a traditional funeral ritual, they often think of religion. The Christian viewpoint on the funeral rites will help better comprehend the concept. Whether the deceased was Christian or not, a traditional funeral is still possible.

A Wake

A visitation is a chance for people to express their condolences and sympathies to the deceased’s family. You might not be able to do these two activities during the actual funeral service. The deceased’s body will be present in a closed or open coffin.

People usually recite a short prayer near the casket before offering their condolences to the family. Attending a visitation can be the most challenging aspect for some people because it requires them to speak with the deceased’s family. It’s a good idea to say something basic like “I’m sorry for your loss,” especially if many other people are waiting to express their condolences.

A Memorial Service

The objective of the funeral service is to honor the deceased’s life, reflect on the impact they had on the people they were acquainted with, and afford those people to say their final goodbyes. The memorial service is frequently held at a funeral home, cemetery, or church.

Committal Service

A vehicle procession to either a cemetery or crematory follows the funeral service depending on the disposition chosen. In the strictest sense, burial is selected to accompany a standard funeral service. When the family and visitors arrive at the cemetery, they congregate around the plot or mausoleum. The last set of prayers known as the Rite of Committal is recited at this time.

Funeral Reception

Many families choose to have a social gathering with food and refreshments following the committal ritual. It’s an opportunity for the family to express gratitude to those who came. It also allows everyone to exchange memories and provide each other support.

How a Christian Funeral Service Is Handled

A Christian funeral service is similar to any other Christian mass, with a few exceptions. The primary goal of a Christian funeral service is to pray for the deceased’s soul and to console the bereaved relatives.

Guests enter the church or chapel and take their places for the funeral ritual. It is suggested that visitors arrive 15-20 minutes early. The closest relatives and the pallbearers carrying the casket then walk down the church’s central aisle in a modest procession.

In most cases, the casket will be placed in front of the altar. The immediate family and pallbearers will be seated in the front row. After everyone has gathered, the priest will make an opening speech, either a prayer or a declaration of support for the family, or a combination of both.

The mass formally begins after the opening remarks. A traditional funeral service will contain a priest’s sermon, Bible readings, prayers, and hymns. Following the reading of scripture, the priest delivers a sermon or homily.

The priest will offer commentary on the scripture readings and somehow tie them to the deceased’s life. In most cases, the family would enlist the help of close relatives or friends to say the prayers and read the scriptures. At funeral homes in Quincy, FL, the burden of losing someone is quite understood, so the services to make this burden lighter are made available to the bereaved family.