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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
In today's world, many businesses are run by members of the family. Some
business
 owners believe that
this
 is the effective way to run a
business
. In
this
 essay we will look into both the benefits and the drawbacks of family run companies.
Firstly
, The main advantage of family owned
business
 is, trust among members are strongly and inherently established as they are a family. Strength and weakness of the members are well known and used appropriately in the circumstances.
For example
, sales, execution and leadership can be assigned to members who excel in those areas.
Secondly
, Profit from the
business
 remains within the family and can be reinvested in the company for growth and expansion opportunity. Say, Bonus, profit sharing and salary are given to the members of the family.
Lastly
, High commitment and work flexibility will exist among the employees as it is owned and operated by them. On the other side, The disadvantage includes no clear distinction between work and family life will exist. Even though all are together most of the time, time and discussion would mostly revolve around the
business
. Relationship issues and hardship between individuals may arise dues to differences in financial decisions.
For example
, The decision on cost cutting or dividing profit and salary increases may not be agreed upon by all the members. In conclusion, There are many benefits and drawbacks with the family run
business
.
However
, the benefit over-weigh the drawback and could be used to establish and develop the
business
. In future,
this
 will encourage the
next
 generation to get involved in the company in an early stage.

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To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

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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