Funeral Home Valuation Part 3: How To Present Your Operating Results
In order to properly determine EBITDA you first have to present your financial statements correctly. If you are not using an accounting service that specializes in the funeral or cemetery industry then...
View Article5 Emotional Stages of Selling Your Business
Selling a business is a highly practical exercise wrapped in a thick emotional blanket. Much like the grief cycle we know so well in DeathCare there are stages that are common and, if you know about...
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Book Review: When Growth Stalls
When Growth Stalls, How it happens, why you’re stuck and what to do about it. By Steve McKee, Jossey-Bass 2009 “when growth stalls, everything begins to break down. Confidence wanes, and it can be...
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New Book on Reinventing Your Business Features Funeral Home
I read a lot and sometimes I preorder new books. This Winter I preordered “THE REINVENTORS, How Extraordinary Companies Pursue Radical Continuous Change“ By Jason Jennings. I started reading it last...
View ArticleA Strange Bathroom Encounter–A Rite of Passage
It was between sessions at an NFDA convention and busy in the bathroom. An older gentleman approached me and asked brusquely, “Are you Alan Creedy?” Given his demeanour, for a moment, I wasn’t...
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Creedy & McQueen Earn Exit Planning Certification
You’re here…NOW WHAT! There are more ways to transition a business than just selling to a consolidator. You can transition fast and you can transition slow. You can plan to have your kids succeed you...
View ArticleUniversal Requirements For Successful Family Transition
There are 3 Universal requirements for a successful family business transfer: A competent successor The Business is ready The owner is ready Part 1 – A Competent Successor A successor is competent when...
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Rice Paddy to Rice Paddy in 3 Generations
Sociologists have discovered there is a saying in every culture that is best illustrated by the title to this article (which is the Chinese version). Basically, it refers to the lowly peasant who works...
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Buy Sell: The Texas Shoot Out Provision
I love the story of two little boys fighting over the last piece of cake. Mom comes into the kitchen as they are pushing and shoving and with “Solomon – like” wisdom says, “Johnny, Billy, there is...
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Why I Am Not A Funeral Home Broker
Why I Am Not A Funeral Home Broker Jack B. Stalk has a special goose. His goose lays a single golden egg every year. That annual egg has enabled Jack to live in a nice home, drive a luxury car, take...
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