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Band 5

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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Running a
business
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 is challenging task nowadays and
also
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 it is a controversial topic. Certain individuals believe that the right way to maintain continuity of
business
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 is within relatives.
Although
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 the benefits of running
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business
Suggestion
a business
the business
 by family are better coordination and the
employment
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. The drawbacks are conflicts and misusages. On the on hand, The major advantage of the
business
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 run by their relative is
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employment
Suggestion
employed
. As entire organisation is monitored and controlled by the family. Young sibling need not worry for
employment
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 as after completion of their studies, they can anytime join the entity or in some case if the acquaintance does not wish to pursue an education they can directly take on
employment
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 in any of the department of the organisation. Another common advantage of the trade performed by its family
member
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 is coordination. Since all the working staff are from within the family there will be better understanding within the teams and
hence
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 work is carried out smoothly without any difficulties. Example of Reliance industries in India, Entire family runs all the major corporate and all are successful.
Company
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 every year is gaining new heights as every
member
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 is employed from the beginning.
On the other hand
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, Multinational companies operated by the family, individual have a negative impact and one of those issues is conflicting. For all the people working in senior positions within the entity are its family
member
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, always there are disputes among the people because of finance and distribution of wealth. The other most common problem noticed in family run
business
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 is the misuse of
company
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 resources. Since entire
business
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 is family owned, there is a high chance that
member
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 utilize the facilities of the companies for their personal
business
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. If in case one
member
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 avail
this
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 facilities other pupil will
also
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 come forward to use it.
This
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 shall lead to closure of
business
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 for continuing utilization of
company
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 equipment.
For instance
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 Kingfisher Airlines, The CEO and all the other management staff were family members and due to frequent quarrels within the family
member
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 and
also
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 the airways were
use
Suggestion
used
 by most
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member
Suggestion
members
 of their luxury had resulted in huge loss to the
company
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 and today
company
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 is demise from the market. In conclusion, Cooperation and
employment
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 are the positive about family
business
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, whereas, the negatives are family conflicts and inappropriate use are the organisational resources .
Submitted by finewahab on

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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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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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