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

✨ Do you want to improve your IELTS writing?
Nowadays, the young generation has become more passionate to start their own new
business
Use synonyms
with the friends. Some people opine that, doing
business
Use synonyms
with the family members is a good idea
instead
Linking Words
of doing with others. I believe that,
this
Linking Words
trend has its own merits and demerits. In
this
Linking Words
essay, I want to shed some light on the benefits and drawbacks of the family
business
Use synonyms
. To commence with, the main advantage of the family
business
Use synonyms
is not only the trust but
also
Linking Words
loyalty.
Moreover
Linking Words
, the amount of the profit and loss are equally shared between the members of the
business
Use synonyms
,
that is
Linking Words
the reason, it is not hard to run the
business
Use synonyms
.
Furthermore
Linking Words
, they can grow better together and can achieve good fame in the world. Foe example, Dhirubhai and Mukesh Ambani have a common
business
Use synonyms
name as 'Ambani brothers'.
On the other hand
Linking Words
, there are drawbacks as a part of a family
business
Use synonyms
.
Firstly
Linking Words
, there might be ego related issues between brothers, which ultimately creates dispute and ruin the family.
Secondly
Linking Words
, they might face inequality in terms of respect, money, work responsibilities and sharing.
Thirdly
Linking Words
, it sometimes risky, when one partner does the murder of the other to become an owner of the company or in jealousy.
For instance
Linking Words
, 5% of the family murder cases are due to be a part of the same
business
Use synonyms
.
Finally
Linking Words
, not all of the family members specially youngsters are willing to join the
business
Use synonyms
, in
this
Linking Words
case if they join, they do not put efforts for the betterment of the company, which is detrimental to the growth and reputation of the company. To conclude, the family
business
Use synonyms
has many advantages
such
Linking Words
as sharing, rise, trust and loyalty only when everyone as a part of a
business
Use synonyms
should work for the growth of the family as a team without developing jealousy and inequalities.
Submitted by Nikita & Kash  on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

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
What to do next:
Look at other essays: