“Back to Business” Webinars
The ICCFA Educational Foundation is proud to continue a special webinar partnership with Live Oak Bank! This quarterly webinar collaboration will be called Back to Business. Each webinar will be a panel-style discussion that focuses on delivering valuable insights and information to deathcare professionals looking to grow and sharpen their business skills.
All Back to Business webinars are free and open for all to attend.
“Funeral Succession Solved – Part One“
Are you a funeral home owner or a potential buyer considering succession planning? This webinar is your guide to understanding the complexities and challenges of ownership transition. Learn how to create a successful succession strategy, find the ideal buyer or business to purchase, mitigate risks and overcome challenges. Join us for an insightful session on the first step toward a smooth and profitable ownership transition. This webinar is part one of a two-part series.
“Funeral Succession Solved – Part Two“
January 30, 2025 | 2:00 – 3:00 PM EST
In this second part of our succession series, we delve into the financial aspects of ownership transition. Learn what factors affect the value of a business, how to determine the right price, prepare for a smooth transition and how to choose the right financing option. Join us to gain valuable insights into the financial considerations to help ensure a successful ownership transfer.
Andrew Kennedy – VP of the Funeral Home & Cemetery team | Live Oak Bank
Conquer Cash Flow Challenges with Smart Working Capital Strategies
Managing cash flow and seasonal fluctuations can be a challenge for any funeral home. In this webinar, we’ll explore how working capital loans can help you overcome financial obstacles and achieve long-term success. Learn how to use working capital to cover unexpected expenses, invest in business growth, and improve your overall financial health. Discover the advantages of working capital loans, such as flexible repayment terms and streamlined application processes. Don’t miss this opportunity to gain valuable insights and strategies for financial success.
“Ownership or Management: Your Golden Time – How to Manage and When”
Whether you are a business owner or manager, learning how to manage your time is essential for success. Operating a business or a team involves many tasks related to people management, financial management, and the growth of your business. This material will identify your golden time, what are essential tasks for your business, and how to protect the essential tasks. We will take a deep dive into financial management, people management, and how to determine the best business strategy to accomplish and win in the marketplace.
Don’t Miss an Opportunity to Grow Your Business
Growth opportunities often present themselves at unexpected times. If you’re not prepared, you could miss your big chance. In this panel-style discussion, Tim Bridgers and Andrew Kennedy will cover all aspects of acquisition; from identifying the right business for you to valuations, negotiations, and more.
Funeral Business Financing: How to Avoid Costly Mistakes
For funeral home and cemetery owners considering growth, refinance or succession planning for your business, you’ll likely need capital to execute your plans. In this session, Tim, Andrew, and Jordan will cover how banks evaluate prospective borrowers, financing options, the loan application process and common hurdles. Understanding the perspective of a lender is a helpful first step when you want to get approved for a loan for your funeral home business. These topics will prepare you for approaching a lender and will pave the way to approval and funding.
Succession Solved: How to Sell a Funeral Business
After investing years of hard work to build a business with value and purpose, it is now time for you to consider your options for succession. A properly executed succession can ensure your legacy and fund your retirement, so it’s important to understand the risks and challenges involved.
Join this panel-style discussion to learn the key elements of preparing to sell your business from experts. From choosing a successor to maximizing business value, you’ll be able to take these ideas back to your business and start planning for your future.
Hiring During a Labor Shortage
Hiring is a significant issue for funeral home owners today. In fact, Live Oak Bank recently conducted a Voice of the Customer study and found that difficulty hiring new employees is a key challenge for 60% of their customers*. In this webinar hosted by ICCFA and Live Oak, industry experts will dive into current hiring issues, share practical advice on hiring and retaining employees, and discuss what business owners can do to compete in a tight labor market. This session is crucial for funeral home owners. Register now to learn how to overcome your hiring issues.
*Source: Live Oak 2022 Voice of the Customer Survey (Powered by Barlow Research).
How to Make Profitable Business Decisions
As a business owner you make daily decisions varying from small operational decisions to larger financial decisions. As the leader, the choices that you make impact the future and profitability of your organization as well as the lives of your staff and family. With so much at stake are you using proven methods to make strategic decisions, or are you going with your gut? Business decisions rely on timely and accurate financial information as well as feedback from staff, leadership team and customers. This webinar will discuss the data needed to make solid business decisions and how to track and measure that data, as well as industry benchmarks.