Some people think that the benefit of running a small business is to employ family members. What are the advantages and disadvantages of running a family business?
Running a profitable enterprise is often a skill that not many possess.
While
a large population believes involving family members to run
operations is healthy, there are contrary opinions to Change preposition
in running
this
view. In this
essay, I will showcase the benefits and drawback
of running a family-owned Fix the agreement mistake
drawbacks
business
supported by insights and facts.
One
the
advantages of a successful Change preposition
of the
family supported
and owned Add a hyphen
family-supported
business
it may have high trust by default. Nevertheless
, for the business
to survive and flourish extensively, the top leaders have to be well connected
at various levels without questioning each other's intentions. Add a hyphen
well-connected
For instance
, the Bajaj family owns many businesses in India and it is primarily conducted by each sibling. This
bonding not only helps each of them develop but, provides
the executive team with the required support from another work.
Rephrase
also provides
On the other hand
, one
of the major drawbacks of working with family is that someone has to cover up incompetencies, adverse management skills and bad decision making
quality. Even though the drivers of the field may come from the same family, Add a hyphen
decision-making
this
does not automatically mean they have sound business
acumen. For example
, between two
Ambani brothers, Mukesh is Correct article usage
the two
one
of the richest businessmen in Asia whereas
, Anil has declared bankruptcy. These contrary personalities sharing the same last
name and from the same family tree can prove to be detrimental to the family.
In conclusion, there are both benefits and drawbacks when operating a family enterprise however
, it boils down to how closely one
can monitor and help the younger ones come up the learning curve. If the younger generation can understand the industry dynamics from an early age, they can help the business
achieve much greater heights.Submitted by Wali Kashvi on
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task achievement
Your essay provides a well-rounded response to the given task, addressing both advantages and disadvantages of running a family business. However, try to elaborate more on each point made to enhance the depth of your arguments.
coherence cohesion
The logical flow of ideas is generally effective, but consider adding clearer transitions between paragraphs to enhance the coherence of your essay.
introduction conclusion
The essay has a clear introduction and conclusion, providing a strong framework for your argument.
supported main points
You use relevant examples, such as the Bajaj and Ambani family businesses, to support your points, which helps in illustrating your arguments effectively.
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