Many businesses in the world today are run by family members. Do the advantages of family-run businesses outweigh the disadvantages. Give reasons for your answer and include any relevant examples from your experiences or knowledge.

The closest relatives are increasingly managing the businesses in the world nowadays. The benefits of

this

trend are debated against their downsides.

This

essay will outline family strength and monetary growth as the major edges over the drawbacks of compromised family

time

and lack of innovations. On the one hand, the

first

major favour from

such

endeavours, is increased cohesion between the members. They have more interaction and understanding of each other's nature and issues, so, they give extra care and comfort. The Ambani family of India is a prime example of the family support. The

second

impact is the money savings, which increase when the nearest ones are looking after the projects. There is a lesser requirement of the extra manpower,

hence

, the payment burden is reduced.

For instance

, my farm house is monitored my wife,

thus

avoiding expenditures on managerial tasks.

On the other hand

, despite major advantages given above,

this

causes a reduction in

time

spent at home with other members, because, at a

time

someone must be busy with the work.

Consequently

, it becomes hard for the whole family to attend all the functions.

For example

, due to my commitments at the farm house,

i

refers to the speaker or writer

I

could not attend my daughter's birthday

last

week.

Furthermore

, ideas get stuck up, in that, there is less input from outside.

However

, both these deleterious effects can be minimised by effective plans. In conclusion, the projects controlled by the relatives boost the relationships and the funds, while there are some hazards in the form of inertia and lesser

time

for the kids. In my opinion, the drawbacks have lesser gravity and can be managed by planning, so, the positive points outweigh the negative aspects.