A funeral home business handles funeral services for those who have died. Funeral home businesses provide burial, cremation and memorial services for those who have passed away. These businesses play an important role in providing families of the deceased with much-needed closure.
Who is this business right for?If you are interested in helping people cope with the death of loved ones, friends and colleagues, the funeral home business is for you.
What happens during a typical day at a funeral home?The average funeral home business owner meets with prospective clients, handles the demands of existing clients, performs research on funeral-related equipment such as caskets, steers marketing efforts and delegates work to employees.
What is the target market?The ideal customer is willing to spend top-dollar on funeral services.
How does a funeral home make money?A funeral service makes money by selling caskets, cremation services, funeral services, flowers, urns and other items/services related to death.
What is the growth potential for a funeral home? This business is poised to grow quite rapidly as the baby boomer age cohort passes through their golden years. A considerable portion of the population is reaching its 60s and 70s, and a funeral home business owner will benefit from this demographic trend.
What are some skills and experiences that will help you build a successful funeral home?A funeral home business owner who has solid people skills, an aptitude for marketing and the ability to console those who are grieving will succeed in this industry. The key is to get to know the community. Develop a rapport with locals and market your funeral home business in a tasteful manner, and you will gradually acquire new clients.
What are the costs involved in opening a funeral home?A funeral home business requires equipment for embalming and cremation. A cremation table, cremation system, hydraulic lifts, refrigerated storage, computer, printer and filing system are necessary. Caskets must be purchased along with clothing and additional convenience items. The business requires laborers, insurance, operating space and a parking lot. The viewing area will require tables and couches. A hearse is also necessary.
What are the steps to start a funeral home?Once you're ready to start your funeral home, follow these steps to ensure that your business is legally compliant and avoid wasting time and money as your business grows: