{"id":12161,"date":"2015-02-25T09:00:59","date_gmt":"2015-02-25T14:00:59","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=12161"},"modified":"2015-02-25T07:40:23","modified_gmt":"2015-02-25T12:40:23","slug":"how-to-build-a-business-that-lasts-1000-years","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2015\/how-to-build-a-business-that-lasts-1000-years\/","title":{"rendered":"How To Build A Business That Lasts 1,000 Years"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/02\/022515_1234_HowToBuildA1.jpg\" alt=\"\" width=\"640\" height=\"449\" \/><\/p>\n<p>Japan has a few companies that have existed for over a thousand years. Joe Pinsker took a look at the secrets to their success:<\/p>\n<ul>\n<li>The oldest businesses are in industries that don&#8217;t go out of style: making food, shipping goods, and constructing buildings.<\/li>\n<li>The country is flexible about passing businesses down a generation. If a family felt that their own child wasn&#8217;t worthy enough to run the family business, they would &#8220;adopt&#8221; a more suitable heir.<\/li>\n<li>This explains why while in most of the world those adopted are usually children, in Japan 98% of adoptees are 25-30 year old men.<\/li>\n<li>For a long time Japanese banks were expected to help out all struggling companies. As a result, according to one estimate, between 1955 and 1990 less than a hundred companies went out of business.<\/li>\n<li>Things are changing though. In 2007 a 1,429 temple construction business ran out of money. Soon after a 533 year old company, and a 465 year old company went out of business.<\/li>\n<li>This is in part because a change in the law meant that it was difficult for struggling businesses to get help from banks.<\/li>\n<li>Younger Japanese consumers also care less about a company&#8217;s history.<\/li>\n<\/ul>\n<p>Read about some of the older companies still operating in Japan, the 10 foot 17<sup>th<\/sup> century scroll that traced a company&#8217;s owners, some fascinating statistics, and much more over <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2015\/02\/japans-oldest-businesses-have-lasted-more-than-a-thousand-years\/385396\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2015\/02\/japans-oldest-businesses-have-lasted-more-than-a-thousand-years\/385396\/\">The Atlantic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan has a few companies that have existed for over a thousand years. Joe Pinsker took a look at the secrets to their success: The oldest businesses are in industries that don&#8217;t go out of style: making food, shipping goods, and constructing buildings. The country is flexible about passing businesses down a generation. If a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/02\/022515_1234_HowToBuildA1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=12161"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12161\/revisions"}],"predecessor-version":[{"id":12164,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/12161\/revisions\/12164"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/12160"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=12161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=12161"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=12161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}