As a funeral support service provider, we deal with funeral companies of every shape and size. One thing we’ve noticed is the emergence of new funeral homes from those just getting started in the business, many of whom hire our call answering service to help them better establish their business.
It is great to see many start-ups operating their very own funeral home, and it’s something that most people can achieve with the right desire and application. Check out below for everything you need to know to own and operate your own funeral home:
Training and Qualification
You will only be able own and operate your own funeral home with appropriate training. Therefore, you should start by registering with the National Association of Funeral Directors (NAFD) or the British Institute of Funeral Directors (BIFD).
Both provide online introductory funeral service courses that provides insight in the job and what to expect from it. You’ll get an understanding of what business models to use, equipment and premises needed for a funeral home, marketing tips, and planning your finances.
After this, you need to get an entry-level position such as a funeral service arranger or administrator. This is basically a stepping stone into the industry, giving you training into the various aspects of arranging a funeral, with the experienced gained providing a great foundation for progressing your career.
You can then take a course from either NAFD or BIFD after gaining enough work experience, (usually around 20 hours per week), with both institutions offering certificates and diplomas in funeral services, which are needed to operate your own business.
Other training courses are available from various establishments, but NAFD and the BIFD are leading bodies in the funeral industry so are worth pursuing.
Progress Your Career
Before starting your own funeral home, its recommended to spend several years gaining experience working with another company. While you may prefer to be self-employed and running your own business, working directly in the industry gives a better idea of what to expect as a funeral home owner, and give you time to save money for your own business.
You’ll probably need anywhere between £10,000 to £20,000 to set up your own funeral home, and while it’s possible to get a business loan for this, try to offset as much as possible with savings. A great way to save is to work full time as a funeral director, which comes with an average salary of £16,000 to £30,000.
Create a Funeral Home Business Plan
Like setting up any business, you will need a business plan before setting up your own funeral home. This gives you the opportunity to plan out the important aspects of owning a funeral home, such as financing, staffing, marketing, and how you plan on making money.
This should include a portion that overlooks the finances of your business, including what you expect to earn, spend, and how to generate a net profit. Not only does a funeral home business plan let you better organise your plans for setting up the business, it is also required to get suitable financing from a bank.
Establish Pricing Structure
Before going ahead and starting your business you should look to establish a pricing structure. This is very helpful in the early days of your business, giving you a clear indication of what you need to make to cover your expenses and remain profitable.