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3 Things You Must Know If You Want to Build a Business That Lasts a Century and Beyond

1 min read
3 Things You Must Know If You Want to Build a Business That Lasts a Century and Beyond The average lifespan of companies has drastically declined over the decades, raising urgent questions about what it takes to build a business that endures. Here is what I've learned from my 100+ year-old business.

Image credit: Getty Images. Opinion article by William Louey. Entrepreneur – January 6, 2025.

Key Takeaways

  • Adaptability is crucial for business longevity. Companies must evolve with changing customer needs and market requirements to remain relevant.
  • Innovation must be balanced with stability. Successful companies manage risk by fostering steady, data-driven innovation.
  • Social responsibility should be embedded into your company from the start. This signals that your business is here to stay long-term and to serve the people around it, not just its shareholders. […]
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