Timonium/Hunt Valley +1-410-296-6200 Frederick +1-301-662-2400 English Home About Services Industries FAQ Articles Client Portal Contact Us INVESTING IN THE FUTURE OF YOUR FUNERAL HOME HomeDeath Care IndustryInvesting in the Future of Your Funeral Home 28 OCT / / MKS&H INVESTING IN THE FUTURE OF YOUR FUNERAL HOME The death care industry can make it hard to plan, as trends are constantly changing, customer needs change and, before you know it, a decade has gone by. Slipping into a reactive mindset instead of a proactive mindset is easy, but it’s important to plan ahead for the future of your funeral home. How can you strategically position yourself to succeed now and in the future? INVEST IN THE FUTURE Funeral homes are changing, and the proof is all around us as things like human composting become legal and cremation rates increase. Funeral homes that invest in these things now will reap the rewards, but ones who are behind the curve might miss out on business. When you think about the future of your funeral home, you should make sure that you are thinking about what trends will be emerging and which of those trends will likely be here to stay. THINK ABOUT CONVENIENCE Alongside investing in future technologies, you should also think about the future of your funeral home and cremation. Over the course of the pandemic as client preferences started to shift, cremation rates rose in many places. Crematories tend to be profitable, so if your funeral home does not already offer cremation it’s a great time to explore doing so. The cremation experience is constantly evolving, and it will likely continue to as things like human composting become viable options for consumers. UPGRADE YOUR FACILITIES When it comes to the future of your funeral home, you don’t just need to invest in new things but also invest in what you have now. How could you update your building to make it more welcoming and inclusive? How could you better serve your current clients? Would adding an online presence to allow for streaming help to include people as our world changes? Taking time to make small investments in the experiences that you already offer will win you new clients and help to ensure that you continue to grow over the years. FINANCIAL PLANNING FOR EVERY DEATH CARE SERVICES INDUSTRY BUSINESS FROM MKS&H MKS&H provides tax and accounting services to businesses of every size and in every industry, including the death care industry. Our team can help your business gain confidence in your important accounting reports and make better, more educated financial decisions. Contact us today for a consultation. About MKS&H: McLean, Koehler, Sparks & Hammond (MKS&H) is a professional service firm with offices in Hunt Valley and Frederick. MKS&H helps owners and organizational leaders become more successful by putting complex financial data into truly meaningful context. But deeper than dollars and data, our focus is on developing an understanding of you, your culture and your business goals. This approach enables our clients to achieve their greatest potential. Like what you read? Sign-up for our C-Suite Spotlight Program. Death Care Industry About Author MKS&H MKS&H is committed to providing personalized tax and accounting services while developing a deep understanding of you, your culture, and your business goals. Our full view of financial systems and the people behind them allow us create and evolve the best solution that will help you and your business thrive. The accounting experts and consulting professionals at MKS&H work together to help you achieve the financial results you want. RELATED POSTS 02 DEC / 0 Comments / MKS&H 4 WAYS TECHNOLOGY CAN INCREASE YOUR FUNERAL HOME’S SUCCESS The death care industry is unique, and it is constantly evolving due to new consumer preferences and technology. While some funeral homes are hesitant to take the plunge, there are plenty of ways that technology can increase your funeral home’s success. What are some of the ways that you... Death Care Industry, Funeral Homes Read More 02 SEP / 0 Comments / MKS&H THE INCREASING DIGITALIZATION OF THE DEATH CARE INDUSTRY Every industry has been impacted by the proliferation of technology and the COVID-19 pandemic, but the death care industry has experienced a particularly high degree of change. The pandemic has changed the way that people live and die, and technology has become even more critical to the success of... Death Care Industry, Funeral Homes Read More 05 AUG / 0 Comments / MKS&H THE FUTURE OF FUNERALS: LIVESTREAMING Many things about the death care industry have changed due to the COVID-19 pandemic, and one of the biggest ones is funerals. While some might think it’s a temporary change, it is likely the future of funerals and what we can all expect to see for the indefinite future.... Death Care Industry, Funeral Homes Read More LOCATIONS Timonium/Hunt Valley 9475 Deereco Road, Suite 408 Timonium, Maryland 21093, USA +1-410-296-6200 (reception) Fax: +1-443-589-1165 Frederick 70 Thomas Johnson Drive, Suite 100 Frederick, Maryland 21702, USA +1-301-662-2400 (reception) Fax: +1-301-695-7913 Sparks 913 Ridgebrooke Road, Suite 108 Sparks, MD 21152, USA +1-301-662-2400 (reception) Fax: +1-301-695-7913 RECENT ARTICLES 4 Ways Technology Can Increase Your Funeral Home’s Success Should You Disclose Your Offshore Assets to the IRS? 5 Tips for Maintaining the Financial Health of Your Business 3 Tips to Improve Cash Flow Management in Your Construction Company Investing in the Future of Your Funeral Home SIGN UP Click the link below to learn more about our C-Suite Spotlight program and to enter your email address to receive our weekly updates. Learn More CLIENT PORTAL Login Copyright ©2020 MKS&H. All Rights Reserved. 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