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

I would pinpoint both aspects of family
own
Suggestion
owned
business
. It is being said that India is a cultural country enriched with heritage, customs and rituals build up close knit relationship in families it
ncrease
become bigger or greater in amount
increase
increases
cohesiveness in
family
Suggestion
the family
and gathering together in occasions with full valour add enthusiasm.Trust is essential aspects of anything. There are so many
business
Suggestion
businesses
in India is running by families
such
as Ambani, Ruia brothers, Hinduja, L&T. Consisting common thinking and understanding it helps to grow
business
exponentially. The richest family of
india
a republic in the Asian subcontinent in southern Asia; second most populous country in the world; achieved independence from the United Kingdom in 1947
India
is Mukesh Ambani
amassing
Suggestion
is amassing
amasses
the wealth 60 billion and continue on diversifying the
business
and adding value to wealth by
assistance
Suggestion
the assistance
of family members. He is humble his son now engrossed in
business
and tactfully manoeuvring day to day
business
activity and all
stakes
Suggestion
stake
holder
are satisfied
Suggestion
is satisfied
with his acumen and softness. Family
runs
Suggestion
run
business
are having
wider scope
Suggestion
a wider scope
in terms of saving
cost
Suggestion
the cost
costs
of remuneration and salary. Can be trusted blindly. Negative
affects
property of a personal character that is portable but not used in business
effects
of family
business
- acrimonious situation will crop up if trust is feeble.
Further
authority / leadership issue will be raised if someone brush aside and not appreciated for
hard work
Suggestion
the hard work
and their relentless efforts towards
business
ignored totally
this
is detrimental and will create the Yawning gap.
if
Suggestion
If
everyone investing equal time in
business
Accept comma addition
business, then
then
impartiality and
bipartisan not
Accept comma addition
bipartisan, not
to be adopted. Trivial issue can become horrific if not resolve amicably and in
short period
Suggestion
a short period
of time and to avoid
further
escalation here with Singhania group father is
sidelines
Suggestion
sidelined
by his own on
pretext
Suggestion
the pretext
that he is creating trouble in
business
and
also
mentally unstable due to age and be kept in
rehabilitation centre
Suggestion
the rehabilitation centre
a rehabilitation centre
for transferring to Normal life.
Submitted by khanzubair0119 on

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