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

In many parts of the world, businesses are owned and run by families. Its usual contributors include close relatives who handle the resources and finances of an organization. There are some benefits associated with a family

business

, but there are

also

some drawbacks associated with undertaking a

business

venture with the family. With the persistent commitment and involvement of the family members, firms run by families have a greater level of stability and loyalty attached to it. Even during bad times family ties can keep the firm running. The commitment of the family members results in more dedication and flexibility.

In other words

, members would work together to achieve a common goal irrespective of their qualifications. In fact, most successful

business

ventures like Walton’s and Ambani’s are

also

run within the families.

On the contrary

, one of the most compelling shortcomings of a family

business

can be conflicts among the partners than can have an unfavourable effect on the

business

For instance

, the rivalry between husband and wife or siblings can result into the partition of the venture.

In addition

, the lack of interests among people to join family entrepreneurship leads to apathetic employees. And sometimes the successors of the

business

are not capable enough to run it due to which the organization suffers. To conclude, there are both supporting and opposing arguments for a family

business

. 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 patel.suhag01 on Mon Dec 30 2019

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Sentence 3 - Thesis
Sentence 4 - Outline sentence

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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
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Sentence 1 - Summary
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5Linking words
meeting the goal of 7 or more
1Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

253 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.5

Complete response

6.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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?

Fully explain your ideas

Essentional vocabulary list for IELTS Writing 7+

Write a letter to the manager of the Lost and Found department of the railway regarding the luggage you accidentally left on the train. In your letter •give the details of your train trip •describe the luggage you left on the train •say what actions you want him/her to take.

Some people say history is one the most important school subjects. Other people think that in today’s world, subjects like science and technology are more important than history. Discuss both these views and give your own opinion

In spite of the advances made in agriculture, many people around the world go hungry. why is this the caces? what can be done about this problem?

The use of phones, tablets, and other devices when people are walking in public is causing concern among many commentators. What dangers may arise when people focus on such devices when walking in the street? How could these problems be reduced?

In school or universities, girls prefer subjects related to art and boys prefer subjects related science. Should this tendency be changed? What is your opinion?