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

Use synonyms

business

Suggestion

businesses

manage by family members.

This

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essay will argue that the benefits of family-run

business

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offset the drawbacks, as

such

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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

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manage

Suggestion

is managed

by a family is that it has limited expertise.

This

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

Thus

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, the

business

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may

improvise which

Accept comma addition

improvise, which

is not ideal.

For instance

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, a son or a daughter with limited

business

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knowledge or

Accept comma addition

knowledge, or

experience may be employed in an administrative position.

This

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could impair the functionality of the company.

However

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, family-run

business

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create

Suggestion

creates

employment opportunities for their members.

Thus

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

business

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is likely to be offered employment in the company.

For example

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

This

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

Furthermore

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, members of a family-run

business

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can pool resources together with ease.

In other words

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instead

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of seeking loans from financial institutions

such

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

As a result

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, the

business

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

although

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family-run

business

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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

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. I would argue that

this

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type of

business

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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...

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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

For celebrities and other famous people, it is always good ot be talked about ni the media (e.g. Internet, newspapers, TV). Do you agree or disagree? Give reasons for your answer

The growth of online shopping will one day lead to all shops in towns and cities closing. Do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

The chats below show the percentage of students joining North West University.

Levels of youth crime are increasing rapidly in major cities in Viet Nam. What are the reasons for this? Suggest some solutions. Give reasons for your answer and include any relevant examples from your own experience or knowledge.