The single largest cost of running a funeral home comprises salaries, benefits and employment taxes. Together, they make up employee compensation. In the 1980s, when some casket companies spent $250,000 on their NFDA booth build-out and another million dollars on an extravagant cocktail party during the convention, the cost of goods was about 20% to 25% of revenue while compensation typically ranged from 26% to 40%.
How to Start Fresh in a New Place After a Loss
Losing a loved one is undoubtedly one of the hardest experiences we can endure. After such a devastating event, it’s understandable to feel overwhelmed and lost. For some, starting fresh in a new place can provide comfort and help ease some of the pain. Here are tips...