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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?

#people #business
It is sometimes thought that the most efficient way to run a
business
 is within the family. Family members who are running a
business
 together will
work
 harder and be more dedicated, but there are
also
 drawbacks to be taken into account.
Firstly
, one evident benefit of a family running a
business
 together is directors or managers who are family members can
work
 harder and be more dedicated. To put it another way, when a group of relatives works in their own
company
, they will make sure
this
company
 to be a leading
company
 in their fields and make a considerable profit every year, unlike other employees.
Secondly
, a family run
business
 would be advantageous because family members trust each other, and
work
 schedules can be adjusted and cover easily found.
Therefore
, decisions can be made that benefit the entire family.
Thirdly
, family members have a shorter learning curve because they have grown up with the
business
.
This
 will result in reducing the rate of errors in the
business
, and
this
also
 will facilitate communication between staff.
Moreover
, the
work
 atmosphere will be relaxed.
On the other hand
, one problem of a family run
business
 is that there might be a bias toward promoting family members ahead of non-related
staff
the tangible substance that goes into the makeup of a physical object
stuff
.
This
 means that non-family employees will find it difficult to integrate with the job and remain loyal to the
company
.
For instance
, if an employee who is working hard to increase a
company
’s sales, but he noticed that one of his boss’s family got a promotion
instead
 of him.
This
 will have more negative consequences on the
company
 in the long run. Another possible issue is that family members might not have the required skills to be successful managers or directors, resulting in mediocre
business
 performance. Losing the right skills to run
business
 means that ideas will become stale and fresh perspectives might be difficult to find.
Furthermore
,
business
 disputes lead to family conflicts because issues become more subjective rather than objective. The unbalance in decision making is due to not all family members have the same aims
for
Suggestion
of
 the
company
. In conclusion,
although
 a family run
business
 can bring about more benefits to the
company
, it can lead to family conflicts and poor
business
 performance.
Also
, non-related staff will lose their loyalty because of bias promotions toward family members.
Submitted by hworld300 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.

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