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?

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Family businesses are quite popular in many countries. While some people believe that they have a higher chance of success others argue that
this
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method will lead to many problems in the future. In my opinion, family businesses have certain pros and cons which will be discussed in the following paragraphs. Integrity and profound loyalty are the major advantages of running a family
business
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. The family members will always stay together during any ups and downs of their
business
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rather than quitting from the existing
business
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during the non-profitable stage.
In addition
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to that, the young generation born in the
business
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family is more familiar with the planning, human resources management, sales management, and financial management.
Therefore
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, they are capable enough of running the
business
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in any circumstance. All the members will always work hand in hand for a common goal. The
business
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profit and losses are distributed among the family members according to stipulated terms and conditions.
Conversely
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, the family-owned
business
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is not always successful, because there are many disputes related to profit sharing, outside recruitment, and discussion making involved in
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.
For instance
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, the young generation is more likely to be irresponsible and immature. Sometimes family members are not truly interested in joining the family
business
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but do so anyway because it is expected of them. The result is apathetic, unengaged employees. To conclude, a well-defined family-owned
business
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will thrive for a long period.
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, the family that runs their own
business
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must ensure that disagreements between family members are resolved before they turn into a
business
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crisis.
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To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

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

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 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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