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The Small Business Association lending program has two powerful incentives that make buying better for you: • Six months loan payments paid by the government These programs won’t last forever, and in fact, are designed to help spur the economy. While the SBA incentives offer short-term incentives, this low interest rate can benefit you for the entirety of your loan. Plus, low interest rates make this a great time to buy new equipment and make other improvements to a growing business. You could even refinance existing, higher-interest loans into a new loan with your purchase of new property, saving money there as well.
In Episode 7 of the “M&A Minute” video series, Jake Johnson (CEO and President of the Johnson Consulting Group) uses this example to emphasize why it’s crucial to work with experts when it comes to selling your funeral business (or when undergoing surgery). This episode of the M&A Minute was showcased at the JCG Summit 2021, an immersive virtual event which focused on helping funeral professionals stay agile and innovative in the midst of industry changes. Brokers have years of training [and] have negotiated thousands of deals and gotten the highest value for our clients.” Selling the business is a major milestone for funeral home and cemetery owners and ensuring a success sale requires a lot of advance preparation and expert planning. Jake Johnson and the Johnson Consulting team created the M&A Minute to help business owners through the process of buying or selling a business.
The Johnson Consulting Group’s Funeral and Cemetery Business Broker Team has identified some important factors at play right now to help you make sense of the chaos. Since the COVID-19 pandemic began, it has wreaked havoc on our lives and livelihoods, creating unprecedented conditions in the stock market, food production, the housing market, the medical establishment—and the funeral business. Last year, and likely 2021, are high case count years that are predicted to taper off in the coming years. One consideration is if the high case count now means a lower case count in the next few years.
In Episode 6 of Jake Johnson’s “M&A Minute” video series, Johnson (CEO and President of the Johnson Consulting Group) offers useful tips on how to prepare your funeral business for retirement. ’s overall satisfaction with your funeral home is based on their interactions with you and your staff from start to finish, thus managing the customer experience should always be a top priority in your firm. Monitoring client experiences also helps improve business operations and highlights areas that may need improvement, both of which build value and enhance your company’s reputation in the community. The Johnson Consulting Group’s Performance Tracker™ is a customer survey and sales analysis tool that helps funeral businesses track experience metrics with user-friendly features and real-time reports.