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

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In many parts of the worlds, there is the

business

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which is run by the family.

Although

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there are some benefits associated with the family

business

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, there are

also

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some drawbacks to undertake it.

Firstly

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, being the part of the family work can help family members understand the expectation among individuals. Clear communication and discussion can help to achieve family goals at a rapid pace.

For instance

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, almost the majority of big companies were started by the family

member

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, like Ambani’s and Walton’s.

Secondly

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, even during the bad times the family members stay together and run

business

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On the contrary

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, leaving the family

business

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in the middle of the path can lead to personal grudges among the family

member

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and the heritage of the family is vanished.

On the other hand

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, the family

business

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can have many drawbacks when certain family

member

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has a lack of proper knowledge to run the

business

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For instance

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business

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of share brokerage should require in-depth knowledge of share market and financial situation of the companies, Lack of knowledge will result in the closure of venture,

In addition

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, personal grudges can

also

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lead to a difference of opinion in the family

member

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For instance

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, the rivalry between husband and wife can

also

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lead to the partition of the venture.

Furthermore

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, a lack of interest can lead to failure of joint

business

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. To conclude, there are both supporting and opposing arguments for a family

business

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. Many experts believe that building an organization with family helps keep the family together. With communication and understanding, a dispute in family entrepreneurship can be avoided.

Submitted by ravneet89.sidhu on Sat Sep 21 2019

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9
Linking words
meeting the goal of 7 or more
2
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 6.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

265 words

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Topic Vocabulary:

loyalty
trust
communication
generational knowledge
long-term outlook
family traditions
stability
cost-effective
flexible payment arrangements
conflict
tensions
roles
diversity
external perspectives
innovation
adaptation
succession planning
instability
leadership
ownership

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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?

Some people believe that everyone has a right to have access to university education, and that governments should make it free for students, no matter what financial bike round they have. To what extent do you agree or disagree?

hese days, many people have their own computer and telephone, so it is quite easy for them to do their job at home. Does working at home have more advantages or more disadvantages?

You are looking for a full-time job. Write a letter to an employment agency. In your letter: introduce yourself explain what sort of job you would like say what experience and skills you have

Food can be produced much more cheaply today because of improved fertilizers and better machinery. however ,some of the method used to do this may be dangerous to human health and may have negative effects on local communities to what extent do you you agree or disagree?

In many countries, more and more people choose to buy imported food rather than food produced locally. Why people buy imported food? What could be done to encourage people to buy local food?