Tuesday, April 17, 2007

We will close shop, for good.

The End of a 1,400-Year-Old Business

What entrepreneurs starting family businesses can learn from the demise of Japanese temple builder Kongo Gumi

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.

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