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June 16, 2018

Business

Funeral Business Ideas You May Not Have Considered

by Jack Grayson on

As a funeral support service, we’ve worked with businesses throughout the industry, and many are surprised how many diverse funeral business opportunities are available. While funeral directors are among our most supported businesses, there are countless other businesses that have utilised a different approach and found great success.

We’re happy to provide funeral support services any type of business in the industry and have come across a wide range of business ideas that have certainly caught the eye. Check out some of these funeral business ideas that you may not have considered before.

Pet Funerals

Funerals for pets may not be as widespread as a traditional funeral, but there is certainly a market for people looking to lay their beloved pets to rest. With pet ownership never waning, getting involved in the pet funeral business has a great deal of potential.

It is the perfect funeral business idea for anyone that loves animals. You get to provide compassion for those dealing with the passing of a pet, so animals lovers are a great choice for this line of work as they know exactly what to say to help people through the process.

While a funeral service for a pet isn’t that common, things such as preparing plots, performing burials, managing a crematorium, and dealing with vets are common in the pet funeral business.

Crematorium

As more people opt to cremate their loved ones rather than burying them, there is a higher demand for crematorium services, and many are now stepping into this line of work rather than a traditional funeral director.

Operating a crematorium involves working alongside funeral homes to arrange a funeral service, cremations, and any necessary paperwork. It’s much like a funeral director but focusing solely on cremation services, including the running and maintenance of all crematorium equipment, training and hiring staff, and the general upkeep of the crematorium.

Burial at Sea

Not everyone wants a conventional funeral for their loved one – burials at sea remain a popular choice for those seeking a more unique way to honour the deceased. Whether burying the body or simply scattering the ashes, burials at sea are one of the most unique lines of work in the industry.

Scattering of ashes is more predominant with this type of funeral service, and with the increasing number of cremations in recent years – which are expected to keep rising – expect an increased demand for sea burials.

It is worth noting that this service doesn’t involve any cremating, rather providing people with opportunity to go out to sea to scatter the ashes they already have. This may be appealing to those wanting to get into the business but are unsure of the more morbid aspects of handling bodies and such.

Of course, it’s recommended that you love the sea and have access to a suitably sized sea vessel to accommodate different size funeral parties.

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Use Tekmetric Auto Shop Software For Financial Control

by Jack Grayson on

As with any business, financial control is crucial to success. You don’t need an accountancy degree to do this, but a basic level of understanding will take you a long way. A good auto shop software will help you to manage your finances and give you a better understanding of the accounting process.

Asset management

If you are lucky enough to have reached a point where you can start investing in assets, the auto shop software will help you keep track of where your money is going. Now, we are not talking about real estate here, any savvy auto owner will know that this is jargon for equipment. Whatever you purchase, it is essential that you monitor the revenue that is generated from it, this will let you know whether to invest in similar equipment in the future.

Budget management

Luckily, the budgeting process does not need to be performed very often, once a year or once a quarter will suffice. At the very least, you should be looking at areas where the most money is being spent. There are several different costs associated with an auto repair store, these include direct and indirect costs. Direct costs are typically related to labor and parts where as indirect costs are related to marketing and advertising. Whatever you are spending, the auto shop software will let you know whether you are generating a return on your investment.

Financial statements

Accounting systems produce two main financial statements, the profit and loss statement and the balance sheet. In general, these documents are left to the accountant to access; however, it is a good idea if you know how to read and interpret them. The balance sheet is basically a summary of liabilities and assets. Assets are good as long as they are adding value to the company, and liabilities are debts and money spent that you don’t need. If you don’t have a good asset to liabilities ratio, you may be in financial trouble. It is better to be aware of any issues early so that you can take corrective measures. The auto shop software will help you to do this.

Speaking about finances, auto shop software is not cheap, and it is an expense you will need to include in your budget. The good news is that there are some software companies that are offering a free trial which means that you won’t have to spend any money straight away. Before making a decision, evaluate the needs of your company, and then do some research to determine to which software is best suited to your needs.

Tekmetric is offering a free trial for the remainder of 2018, you don’t have to sign a contract, and there are no hidden costs. Simply test drive the product, and if you decide that its not for you, send it back at the end of the year without having to pay a cancellation fee. Either way, by that time, you will know whether the auto shop software will be an asset or a liability to your company.

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