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some people think that the best way to run a business is within the family. What are the advantages and disadvanatages of a family run business

#people #business #disadvanatages
People have different perceptions on how to run a
business
 smoothly. Some persons believe that the most effective method to continue a
business
 is running it within the family members. The major advantage of
this
 action is transition of knowledge and demerit is
reduction
Suggestion
a reduction
the reduction
 in investments or in revenues.
This
 essay will
firstly
 discuss the positive impact and
then
secondly
, outline the disadvantage.
To begin
 with, one of the merits of family
business
 is transferring knowledge to the future generation. When ancestors pass the valuable information on how to progress on the
business
 in a competitive market and explain the strategies to follow, youngsters in the family will acquire the best methodologies to compete, which enhance them to handle the
business
 later.
As a result
, they can perform better and create profits as they are aware of the solutions to tackle the problems, that had occurred in the past.
For example
, many businesses which are handled by the family members, are able to produce a constant growth through the possessed knowledge and efforts.
On the other hand
, investments to buy items will be a constraint, if the family is not able to support the
business
 financially.
This
 means that, If the financial status of a family is not constant,
then
 they will not be able to buy commodities which are required by consumers.
Besides
, if the
business
 could not bring fortune to the family, the wealth of the family will be in trouble.
Consequently
, loss of the
business
 can bring debt and family people will struggle to meet the two ends. There are many exemplifications where families are ruined due to the
lackof
Suggestion
lack of
 revenue from the
business
. In conclusion, while there are a number of ways to run a
business
,
majority
Suggestion
the majority
 of people prefer to run it within a family.
This
 phenomenon has its own positive and negative impacts on the living style of people.
Submitted by detujohn on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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