World's oldest business - 1,428 years old - closes!
cn | 18 April, 2007 13:18There's a really interesting article at BusinessWeek.com. Apparently the world's oldest business - a family temple-building company - closed this past year:
The world's oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders' descendants since 578, succumbed to excess debt and an unfavorable business climate in 2006.
The article is pretty good and walks through how the company did so well for so long, finishing with a good point:
These lessons are somewhat contradictory and paradoxical, to be sure. But if sustained success came easy, then all family businesses would have a 1,428-year run.
Posted in
Business/Finance, World Culture/Travel .
Comment: (0).
Trackbacks:(0).
Permalink
«Next post |
Previous post»