74 Boston Post Road, Madison CT 06443
TEL 800.336.1102 - FAX 800.340.0000
info@cffinc.com

ENCOURAGING COMMUNITY AWARENESS

We are a full service preneed and perpetual care fund management company in business exclusively for the death care industry.

Many people in the business world are familiar with failure rate statistics of new companies in the 80-percent range. While there are new businesses popping up every day in this industry, it is more prevalent to have family-run businesses handed off from one generation to the next. In a recent episode of CNBC’s The Profit, the statistic was quoted that second-generation businesses have a 60-percent failure rate and third-generation businesses have a 90-percent failure rate. Further research seeking to confirm these numbers revealed that fourth-generation businesses’ failure rate increases to 97 percent.* These numbers are shockingly high and are a reason to take a look at our industry to see if these general statistics hold water. Click here to read the full article…