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%.
Hospice Care: Preparing Yourself and Your Loved One for the Journey Ahead
When a loved one is diagnosed with a terminal illness, it's important to have a plan in place for their end-of-life care. Hospice care is often recommended in these situations, as it can provide support and comfort to both the patient and their family. Here’s what you...