The Bible's Business PlanNäide

“So Abraham agreed to Ephron’s price and paid the amount he had suggested—400 pieces of silver, weighed according to the market standard. The Hittite elders witnessed the transaction.” Genesis 23:16 NLT

BUSINSS BIBLE

Abraham is the first-generation pa­triarch. During his lifetime, Abraham trav­els and does business in numerous places along the ancient trade routes, including Damascus, Egypt, and Jeru­salem. He becomes exceedingly wealthy by raising livestock and accu­mulating a fortune in silver and gold.

His wife Sarah dies, and he seeks to purchase land for a burial site from the Hittites. They recognize Abraham as a man of great wealth, power, and influence and offer to give him, at no cost, the cave of Machpelah that he requests. Abraham declines their offer, insisting on paying full market price for the property. The owner, Ephron, declares the land is worth 400 shekels (about ten pounds) of silver—worth an estimat­ed $4,000 (USD) in today’s market. Abraham agrees to the terms, weighs out the price in silver according to the current weight among the merchants, and is deeded the property.[1]

With this purchase, Abraham be­comes the first Hebrew landowner in Canaan and follows timeless business Principles that are best prac­tice today.

[1]Genesis 23

PRAY

Lord, help me to trust you and deal fairly.