Dying to Connect: The Power of Social Capital in Funeral Entrepreneurship
Posted by Chris DiSotto on Dec 11th 2024
What if I told you that you are in-fact an entrepreneur and should be dying to connect? It’s true! You, as an owner of a funeral home, whether you bought, are buying, took over your family’s operation or are launching a start-up, are an entrepreneur who should be dying to connect.
Business schools often focus on financial capital, human capital, and intellectual capital but one of the most underestimated assets is social capital—the network of relationships and trust that drives collaboration, growth, and opportunity. You should be dying to connect, to take every opportunity to listen, study, read, share and learn from whoever will give you their time. This list includes lifelong mentors, partners, customers, sales professionals and competitors to name just a few. You heard right when I said competitors. If you are willing to listen, you will learn just as much from those who would like to see you out of business as you will from those helping you to succeed.
What is the truth about social capital? It is not about numbers like the other forms of capital, it is about quality; the quality of relationships, the depth of connections and the willingness to help one another succeed. For entrepreneurs, cultivating social capital isn’t optional; it’s essential. Whether you’re launching a start-up funeral home or scaling your existing one, your relationships are your foundation. They can open doors to new markets, introduce you to strategic partners, and spark transformative ideas.
These resources will help you reach further than you thought possible. They will help you solve problems you don’t even know you have, challenge you to think bigger, expand your reach and open doors to communities that support your vision. All of this will make you a better owner, director and trusted resource to the communities you serve.
Entrepreneurship isn’t a solo journey. It’s about building bridges.
The beauty of social capital? It compounds over time. Every connection opens doors to new opportunities, insights, and collaborations. For funeral home owners, this might mean referral partnerships, succession planning opportunities, or innovative ways to serve families better.
Let’s invest in the connections that matter. After all, the greatest ROI doesn’t just come from capital—it comes from the community of your peers, colleagues, and the community in which you operate.
#SocialCapital #FuneralIndustry #Deathcare #Entrepreneurship