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Black Ink on Black Friday - Integrity Moments - Nov. 29, 2013

  • 2013 Nov 29
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Black Ink on Black Friday
By: Rick Boxx
November 29, 2013

Have you ever wondered why the day after Thanksgiving is called Black Friday? According to Wikipedia, on Black Friday many retailers begin seeing black ink in their accounting ledgers as they finally overcome their losses and begin seeing profits.

Many retail businesses I’ve counseled over the years have swallowed losses throughout the year with the hope that Christmas would make it all worthwhile. For some it may, but for others a profitable month may cause them to ignore the inevitable losses and increased debt January brings as sales decline.

Proverbs 22:3 teaches, “The prudent see danger and take refuge, but the simple keep going and pay the penalty.”

If your business model only works one month out of the year, you may need to use this next month to seek refuge.

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