Looking back some day, 2015 might be known as the year that family business was “discovered,” at least by a group far larger than those specializing in the field. In day-to-day advisory practices, professional conferences and even mass media, nearly audible gasps of “eureka” could be heard, as group after group recognized the importance and prevalence of family businesses. Let’s review why the concept of discovery is an especially apt way to describe this moment and what lies ahead.
A New Discovery?
The word “discovery” has multiple uses and meanings, and there’s a sense of awe to it. There’s the notion of finding something new that didn’t exist before; it can also refer to a revelation or recognition of a person, place or thing that alre...
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