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

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These days there is an ongoing debate between people about doing
business
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within the family or looking for other outside opportunities. While, it is possible to claim that
business
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within family have a lot more benefits compared to its drawbacks.
This
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essay will discuss the Pro's and Con's of businesses done within family groups. There are several reasons to support why businesses within the family are successful. One of them is a good mutual supportive environment is created while working with each other. Since both of the parties are from the same family tree each member tries to develop one another in order to succeed. The other important benefit obtained is a good transparency is maintained between the two parties. Sharing helps to understand each other's opinion and sometimes
this
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can play a crucial part in uplifting the
business
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.
For instance
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, Harvard
business
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article states that being transparent and motivating one another at work are the two main drivers for achieving positive growth.
However
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, there are
also
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a few disadvantages while dealing with family members when conducting any
business
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activities. Sometimes due to
business
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pressure, relationships are spoiled and certainly end up hating each other at one point which is a bad sign for the entire family community. Nuclear family
business
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creates competitive nature and
this
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character makes people to be greedy when opportunity arises.
For example
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, Mukesh Ambani had betrayed his own brother Anil Ambani by establishing JIO industries in competition to reliance telecom as he identified the scope of the
business
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. To recapitulate from the above information, it is valid to argue that doing
business
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within the family group leads to both growth and downfall.
However
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, it is clear that its advantages outweigh its disadvantages.
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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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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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