In many countries it is common for families to own and run their own business. Some people think this is the best way to run a business while others consider this a potential source of problems. What is your opinion?

Family owned businesses are quite common in some countries. While some people believe that they have higher chances of success others opine that they are more likely to run into trouble. In my opinion, family businesses have some inherent advantages.

However

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, disagreements between family members can lead to the disintegration of

such

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entities. The biggest advantage that family businesses have over other businesses is that in a family owned

business

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, people are working for themselves.

This

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itself is a great factor that contributes to the success of a

business

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. People tend to work harder when they work for themselves.

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Also when

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Also, when

someone works for a family owned

business

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, they have the support and encouragement of their family members.

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, children born in

business

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families learn the tricks of the trade from their childhood itself from their parents and grandparents.

This

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exposure gives them a head start when they start their career and enables them to run the

business

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more efficiently.

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working with family members for the common benefit of the whole family can be both fun and rewarding. In short, a family owned

business

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has many advantages that a regular establishment lacks. On the flip side, some of the advantages of a family run

business

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can turn out to be

disadvantages

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disadvantaged

if the members of the family are not careful.

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, younger family members are more likely to be irresponsible and immature. If they regularly turn up late for work or take too many holidays, it can lead to disagreements.

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, when someone works under their father or sibling, they are more likely to show a lack of seriousness. Unfortunately,

this

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will hurt the prospect of the entire

business

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.

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, disputes between family members and ego clashes will run a family owned

business

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into trouble. To conclude, after analysing both sides of the

argument it

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argument, it

is not hard to see that family owned businesses have several advantages over other types of establishments.

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, families that run their own

business

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must ensure that disagreements between family members are resolved before they turn into a

business

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crisis.