Some people think that the best way to run a business is within the family. What are the advantages and disadvantages of a family run business?
It is considered by some people that the ideal option to run a
corporation
is to have it within the family. This
essay will discuss firstly
, the certain benefits such
as more success and trust aspect associated with family
Suggestion
a family business
family businesses
the family business
business
and secondly
, the drawbacks it have
mainly disputes and lack of knowledge in family members.
There are certain positive outcomes linked to a family operated Suggestion
has
corporation
. To begin
with, the top management work
harder to bring success to their family Suggestion
works
business
. Directors and managers are the real controlling authority in a company
, so if they are from the same family and perform their duties with more efforts, their business
would flourish more rapidly. The Service Brand of Shoes in Pakistan, for instance
, have their whole senior management who belong
to one family, which in turn, had fostered their image as a successful brand in the Suggestion
belongs
business
world. Furthermore
, family members trust each other, which is in turn, productive for the company
. This
is because there may be critical financial matters of a corporation
which could not be shared and discussed with the people working in the company
, who are not from the same family. This
means matter related to finance can be otherwise
only disclosed with family
people. a person attached to the household of a high official (as a pope or bishop) who renders service in return for support
familiar
Consequently
, economic matters would be handle
with care, which would result in a better Suggestion
would be handled
finance
management.
Suggestion
financial
On the other hand
, there are some downsides of a family run company
. First
, business
disputes can lead to family conflicts. If a matter arise
in the Suggestion
arises
corporation
which create differences or issues among family people working together, could be highly likely to affect and harm their personal relationships. For example
, Shah Businesses in India, has recently been found in family fight, owing to the differences among business
partners from the same family. Secondly
, individuals involving in the company
belonging to one family may not possess certain professional skills required for a specific position, which is detrimental for a corporation
. For a company
to gain growth requires skills which may be lacking by the family person working on a certain job post. As an illustration, performing duties as the CEO or Managing Director, require vital skills, in order to look after business
matters. Thus
, lacking those skills may result in the failure of a company
.
In conclusion, there are negative outcomes related to the family run business
such
as company
develops
and trust between people from the Suggestion
development
some
family working together. closely similar or comparable in kind or quality or quantity or degree
same
On the other hand
, there are certain drawbacks mainly
the differences among individuals and members not possessing specific knowledge to work on a post in the Accept comma addition
drawbacks, mainly
company
.
Submitted by srehaan59 on
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Word Count
IELTS says that you should write a minimum of 250 words in writing task 2. If you go under word count you will lose marks in task response.
A very long essay will not give you a higher band score.
Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.