Many business in the world today are run by family members. Do the advantages of family-run business outweigh the disadvantages?

#business #world #members

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In many countries around the world, there is an increase in the number of

business

Suggestion

businesses

manage by family members.

This

essay will argue that the benefits of family-run

business

offset the drawbacks, as

such

an enterprise would create employment opportunities for members of the family and resources can easily be

pool

Suggestion

pooled

together to ensure the success of the enterprise. On the one hand, one commonly cited disadvantage of the

business

manage

Suggestion

is managed

by a family is that it has limited expertise.

This

is because some members of the family who hold key positions may lack the needed skills.

Thus

, the

business

may

improvise which

Accept comma addition

improvise, which

is not ideal.

For instance

, a son or a daughter with limited

business

knowledge or

Accept comma addition

knowledge, or

experience may be employed in an administrative position.

This

could impair the functionality of the company.

However

, family-run

business

create

Suggestion

creates

employment opportunities for their members.

Thus

, a person who is part of the family and interested in the

business

is likely to be offered employment in the company.

For example

, relatives of Mr Alico Dangote, a businessman in Nigeria, are gainfully employed in the family company.

This

would not have occurred if it had been a public corporation.

Furthermore

, members of a family-run

business

can pool resources together with ease.

In other words

instead

of seeking loans from financial institutions

such

as banks, the owners can easily make needed momentary contributions.

As a result

, the

business

can pull through in the during periods of financial crises. In conclusion,

although

family-run

business

may have limited expertise, it would ensure members of a family are gainfully employed and can they can contribute to the success of the

business

. I would argue that

this

type of

business

have

Suggestion

has

more advantages today.

Submitted by Kenny on Fri Jul 12 2019

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

Introduction
Body paragraph 1 – advantages
Body paragraph 2 – disadvantages
Conclusion

Examples to start your body paragraph:

The main advantage is...
The disadvantage of this...
The main benefit...
Despite these advantages...
One possible drawback...

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

11
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
7
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 5.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

7.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

5 paragraphs

286 words

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Topic Vocabulary:

trust and loyalty
long-term interest
benefit future generations
efficiency and flexibility
common goals
reduced costs
personal conflicts
decision-making paralysis
operational challenges
lack of professionalism
necessary skills
succession problems
transitioning leadership
power struggles
disagreements
sustainability
limited network
professional network
growth opportunities
non-family-run businesses

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Many business in the world today are run by family members. Do the advantages of family-run business outweigh the disadvantages?

Answer the 'Advantages and Disadvantages' topic

being slim is associated with fashion. do you think it is a positive or negative trend?

In some places old age is valued, while in ohter cultures yoouth is considered more important. Discuss both views and give your opinion.

You have a complaint about the hotel you stayed at while attending a meeting that was booked by the organiser of a company meeting. Write a letter to the organiser of the meeting and include Details about the meeting The problem you face What should be done

It is sometimes said that countries should produce all the food for their populations to eat and import as little as possible. To what extent do you agree or disagree?

Some university students want to learn about other subjects in addition to their main subjects. Others believe it is more important to give all their time and attention to studying for a qualification. Discuss both these views and give your own opinion.