Death is one of the few certainties in life. It is the reason that, according to "Newsweek," the $15 billion funeral industry has traditionally been viewed as recession-proof. While this may no longer be the case, a well-run and reasonably priced funeral home is still a viable business. Funeral homes provide an important cultural service that makes them an important part of their communities. A successful owner of a funeral home must possess a combination of astuteness and empathy to balance the rigors of managing a business with the delicacy of working with bereaved families.
Attend mortuary school in Texas at Amarillo College, Commonwealth Institute of Funeral Service Houston, Dallas Institute of Funeral Service or San Antonio College. Courses at these colleges enable you to sit the National Board Examination that can lead to your obtaining a funeral director’s license.
Write a business plan to outline the financial details and projected profits. The business plan provides a realistic idea of how the business will operate and progress. Organizations such as the U.S. Small Business Administration and Bplans can help with writing a business plan and then using it to obtain money from banks and investors. Financing assistance is also provided by sites such as Funeral Home Financing.
Buy premises to operate the home from. Consider purchasing an existing funeral home as this will have most of the infrastructure already in place. Existing funeral homes for sale in Texas can be found through websites such as Businesses for Sale. Companies such as TerWisscha Construction can help with designing and building a new funeral home.
Find a supplier of goods necessary for running a successful funeral home. These include caskets, urns, flower vases and graveside equipment. Also find an attorney with experience of the legal requirements of a funeral home, such as drawing up the contracts for customers to sign. You also need to be aware of any laws relevant to your practice. For example, a human body cannot be cremating within 48 hours after death under Texas law.
Create a price list for the services offered by the home. According to "Newsweek," the average cost of a traditional funeral is approximately $10,000. Start advertising your funeral home in local media and online.