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

Although

managing a

business

vary from person to person, it is believed by some people that family firms are more likely to succeed.

This

essay

suggest

Suggestion

suggests

that commitment and flexibility are the main advantages of family run businesses, while lack of knowledge, skills and interest among kinships are the major challenges. Employee’s dedication and adaptability are essential factor that can lead to a successful

business

. Since family needs come

first

, people who are working in the

business

tend to be more committed and flexible compared to unrelated employees. They are willing to carry out diverse roles in the

business

and work overtime without compensation if necessary.

For example

, in 1903, Henry Ford established Ford Motor Company and is now considered one of the oldest running family

business

in the world. Up

unto

up to, before the time

until

now, they still sell automobiles and various luxury cars around the worldwide while

other motor firms struggle

Suggestion

the other motor firms struggle

other motor firms struggles

to keep up

Suggestion

with

the industry.

On the other hand

, some family members are not willing to work and others are not capable of maintaining their

business

. Sometimes, some family members are not truly interested in joining the family

business but

Accept comma addition

business, but

do so because it is what is expected from them.

These

Suggestion

This

leads to lack of commitment and responsibility, jeopardizing the growth of the

business

Moreover

, some family members are given a high position without proper knowledge, skills and experience to carry out a task, these of course has a far reaching effect on the success of a company. In conclusion, businesses managed by family are more likely to do well due to commitment and

flexibility

Accept comma addition

flexibility, however

however

, they should

also

be careful not to employ relatives that lacks interest and ability.

Submitted by Emylyn Leopardas on Sat Jun 27 2020

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Fully explain your ideas

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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

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8Linking words
meeting the goal of 7 or more
1Word repetition
meeting the goal of 3 or fewer
7Grammar mistakes
 

4 paragraphs

280 words

0123456789.0505

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: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 5.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.0

Complete response

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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Fully explain your ideas

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