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

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It is true that family-run businesses have never stopped gaining in popularity over the world.

Although

this

model is applauded by many experts, it still exists some limitations. On the one hand, there are a number of advantages of family-run businesses.

First

, since the

company

is operated and overseen by family members,

such

as children and wife, or relatives, it is difficult for outside parties to steal the control of the

business

This

means that the family has an absolute control and power over strategic decisions, staffing or a payroll, which is of great benefits for all family members.

Second

, since family-run businesses are private corporations, they are not subject to complex financial complicating reporting requirements.

As a result

, the

company

can save a great deal of money on hiring a team of professional accountants to prepare external reports and deal with government stakeholders.

On the other hand

, family-run businesses are not without disadvantages. In fact, conflicts related to

business

among family members have the potential to sabotage any family relationships.

For instance

, the dispute over either

business

owner or salaries might lead to a quarrel or even an avoidable family estrangement.

In addition

, non-family employees working for family-run

business

might see the way of running the

company

is not fair to them.

For example

, even if they perform exceptionally well and make enormous contributions to the

company

, chances are they will not be recognized enough compared to those who are family members. In conclusion, given clear advantages that family-run

business

have, there are still some limitations. By acknowledging the limitations, the

business

owners can find the ways to dodge them.

Sun Mar 29 2020

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10
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2
Word repetition
meeting the goal of 3 or fewer
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Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

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

In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative development?

Some people believe that tourism promotes the economy while others argue that tourism destroy the environment. Discuss both views and give your opinion.

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In some countries, it is common for women to participate in the workforce when their children are young. What are the advantages and disadvantages of this?

Many countries today are experiencing problems associated with noise pollution ( excessive noise pollution above a normal background noise) what are the cause of this phenomenon and what effects does it have on the people affected?