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AUGUST 2017

FUNERAL HOME & CEMETERY NEWS

S ec t i on A

864-509-9199

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By Mark Pennington

Here’s an excellent example. I know a firm that has

20 funeral homes over a limited area of under 100

miles – easily travelled by car and offering a wealth

of purchasing opportunities. Most importantly who

wants to take on that establishment? It may be time to

reconsider your “stand alone” existence. Isn’t it a little

like a condo development? You each own your own

unit, but together you have a formidable presence in

the market. Look to your neighboring towns with a

new perspective and see if there is a different future

for you all – together.

A Growth

Strategy to Consider

Things are always changing – no one can stay stag-

nant - if you’re not moving ahead you’re falling be-

hind and in our business that leaves you open to com-

petitors. In the last 3-4 years the acquisition pace has

picked up, more firms are changing hands, and not

always for the owner’s benefit. Why? Several reasons,

looser money, there’s just more around, hard lessons

that were learned the hard way, children who don’t

want to share your business, realistic selling/purchase

prices, the rise of cremation and the narrowing of mar-

gins. All of these factors have played a part in the ac-

tive exchange of business and properties.

Perhaps you’ve been in the business a while, small

town, loyal families but the town’s not growing and

you’re getting older, possibly feeling like it’s “open sea-

son” on your community’s families. Imagine a new

arrangement–clustering funeral homes. Combining

operations with other funeral directors in the towns

around you, in effect combining staffs, pooling re-

sources and equipment to maximize coverage, buying

power and most of all staving off interest in your busi-

ness as one too difficult to compete against. What opera-

tor would want to move into a small town and compete

against a firm doing just 50 calls a year? By the time he’d

bought the property and built a facility there wouldn’t be

enough revenue potential to justify the expenditure. Sud-

denly with three to five other funeral homes in your clus-

ter, you all have clout! And that’s important for so many

reasons.

Sound too hard, or complicated because you’re looking

at your 50’s and not 30’s? I can feel you all cringing at the

idea of making this a reality. How am I going to get along

with all these other people, how can we get things done?

Who’s in charge? For starters, some people are going to

be able to do this on their own, but others could benefit

from having a professional guiding them. Look at your

key people, do you have a go-getter on board who’d relish

the opportunity of creating a career path that could lead

to succession. Anyone who’s got a piece of the action is

going to perform better, that’s just human nature.

There’s real magic in joining forces when you utilize

each other’s strengths I’ve seen it happen when 2 or three

come together, it’s a form of synergy where 1 + 1 + 1 =

5. There’s likely to be other like-minded funeral directors

who have been puzzling their future as well. Think about

the small towns around you, undoubtedly there’s some-

one in the same boat. Building a team is very empower-

ing, who’s great at pre-need, who’s the best at need, who’s

great at basic operations, a pro at marketing. As you be-

gin to imagine putting the best people in their “right”

place you can see the benefits developing.

Mark My

Words

www.nomispublications.com

Funeral Home & Cemetery News

Contributors share insights and

exchange ideas.

B

logs

Mark Pennington has a 45-year history in the cemetery and fu-

neral industries. His expertise in sales and marketing is without

equal and by creating a unique legacy through innovative develop-

ment of products and services he has helped the industry grow and

prosper. A 1973 Magna Cum Laude graduate of Memphis State

University, Mark proudly served in the Marine Corp. He was a mem-

ber of the Honor Guard/Marine Barracks Eighth & I Washington,

DC during the presidency of LBJ. Well known for his support of the

funeral, cemetery, and cremation industries, he earned CCFE, CCrE

and CSE designations from the International Cemetery, Crematory

and Funeral Association (ICCFA). Mark served as Executive Vice

President and COO for Superior Funeral Supply for 27 years re-

fining his management expertise before he left to found his own

firm. A hands-on executive Mark has created a permanent position

in our industry as an innovator, supporter and believer in the im-

mense value of funeral service. He also served as president of the

Casket & Funeral Supply Association (CFSA) from 1999-2000.

Introducing the First “Before I Die” Albuquerque

Festival

Gail Rubin

ALBUQUERQUE,NM—

Even though humans have a

100% mortality rate, less than 30% of us make any end-

of-life plans. What will get adults to discuss and plan for

their eventual demise? Put some “fun” in funeral plan-

ning to get people to discuss this serious topic.

Announcing the inaugural “Before I Die” Albuquerque

Festival, to be held Friday, October 20 to Tuesday, Octo-

ber 24, 2017 at various locations around Albuquerque,

NM. The five-day festival offers multiple activities for

people to openly think about, talk about and do some-

thing about our mortality.

The evolving schedule of events, many of which are free

or low-cost to attend, include:

• “Prelude to Eternity” festival kick-off party with Death

Over Dinner discussions

• A panel of local funeral directors discussing “What

You Need to Know Before You Go”

• Daily Death Cafe discussions at various settings

around town

• A tour of historic

Fairview Cemetery

(established 1881)

• Panel discussion “Making Plans to Live Well Until We

Die” on medical care and end-of-life issues

• Yoga class “From Child Pose to Corpse Pose: Life,

Death, Yoga and Spirituality”

• Movie matinees at the Guild Theater, featuring The

Seventh Seal and Harold and Maude

• “Earth, Air, Fire & Wa-

ter: A Celebration of

Cremation and Art”

with local artists selling

their works in ceramics,

paper and other media

• Day of the Dead educa-

tional events at the Na-

tional Hispanic Cultur-

al Center

“By providing space and

opportunities to openly

discuss end-of-life issues,

we can improve the per-

centage of those who plan

ahead and take actions to address our mortality,” said fes-

tival coordinator

Gail Rubin

, CT, a pioneering death ed-

ucator, award-winning author and TED speaker. “Right

now, more than 70% of our loved ones will scramble to

pull together information and make expensive decisions

under duress of grief, and it doesn’t have to be that way.”

“Before I Die” festivals are part of a growing social

movement to foster reflection about how we as individ-

uals and as a society manage death and dying. “Before I

Die” festivals have drawn thousands to events in Cardiff,

Wales (UK), Indianapolis, IN and Louisville, KY. This

will be the first such festival west of the Mississippi.

The “Before I Die” Albuquerque festival is being held in

partnership with the nonprofit organizations Oasis Albuquer-

que and the Osher Lifelong Learning Institute (OLLI) at the

University of NewMexico. Sponsorship opportunities are still

available to businesses and organizations that wish to connect

with hundreds of Albuquerque baby boomers, seniors and

younger generations through these festival activities.

Event coordinator Gail Rubin works with companies

and organizations to connect with baby boomers con-

cerned about end-of-life issues. A featured speaker at

TEDxABQ in 2015, she’s the author of three books on

end-of-life issues, including

A Good Goodbye: Funeral

Planning for Those Who Don’t Plan to Die

and KICKING

THE BUCKET LIST: 100 Downsizing and Organizing

Things to Do Before You Die

. In a previous lifetime, she

was a public relations professional and an event planner.

Part of the proceeds from “Before I Die” Albuquerque

will be donated to charitable partner Albuquerque Oasis.

Oasis is a 501c(3) nonprofit organization that promotes

healthy aging through lifelong learning, active lifestyles

and volunteer engagement. A portion of sponsorship fees

may be tax-deductible as charitable donations.

Find more information at http://agoodgoodbye.com/ upcoming-events/before-i-die-abq/ or call 505-265-7215. L ike Us On Facebook!