Recently surfing my files, I found two inspiring family business stories. The first was about Kongo Gumi, a temple-builder family business that lasted 14 centuries. Flexibility in selecting leaders was cited as a key to its survival since 578 with 40 family members leading the business for 1,400 years. That is definitely longevity.
The second story was about the Ingram family, owners of White Castle for 90 years. The Ingram family and their loyal “cravers” have grown together since 1921 through four generations of family members. Although many entrepreneurs would be pleased to survive through multi-generations like the Ingram and the Kongo families, the most-quoted statistics for family business survival tell a different tale