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

Some individuals opine that the best method to carry out trade is with the family.

This

essay discusses the merits of co-operation and support for the success of the family-run business by all members and important skills learned by younger representatives, including the disadvantages of

this

trend. To begin with, the merits of running a family trade is that, we can trust all the employees blindly, as they are our family .

Additionally

, all members will put their efforts for the success of it.

For instance

, a family-run Ecommerce organisation named grocerybuy.com is being run by a family in India, which has a turnover of about 30 million rupees.

Furthermore

, in

such

businesses, all family representatives face together the ups and downs in the market and do not lose hope and overcome

such

tensed situations easily.

Besides

, the younger generation in the family can

also

learn management skill and can be ready to take over the family endeavour in the future. Despite the advantages , there are certain demerits .

Firstly

, there are certain family-run businesses, where younger family members do not enjoy their family-run work , they lose interest in

such

business and they start performing badly, which results in the company facing financial losses. Sometimes there occur clashes between the strategies and ideas of some family representatives, which creates a huge dilemma for the employees and workers to carry out their task.

For example

, recently the famous airline company which is being run by father and son duo has seen a great loss in the trade and sold their company to overcome losses. In conclusion, the advantages of family commerce are better co-operation and unity to achieve success in their work and the disadvantages like incapability of younger family representative in certain situations.

Hence

, the advantages of running a family business overshadow the disadvantages.

Submitted by mohdali9339 on Tue Jan 12 2021

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

Introduction
Body paragraph 1 – advantages
Body paragraph 2 – disadvantages
Conclusion

Examples to start your body paragraph:

The main advantage is...
The disadvantage of this...
The main benefit...
Despite these advantages...
One possible drawback...

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Essentional vocabulary list for IELTS Writing 7+

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10Linking words
meeting the goal of 7 or more
0Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

307 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

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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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

Answer the 'Advantages and Disadvantages' topic

Essentional vocabulary list for IELTS Writing 7+

Culture around the world has become more similar to the other countries then it was before. State reasons, example and conclude if it is a positive or negative trend?

Many people use distance-leanring programmes (study material post, TV, internet, etc) to study at home, but some people think that it can not bring the same benefit of attending college or university. To what extent do you agree or disagree with this opinion.

Some people think all lawbreakers should be sent to prison, while others think there are better alternatives for those whose crimes are minor, such as making them do work for the local community. Discuss both these views and give your own opinion

Some people feel that the private lives of celebrities should bot be openly shared by the media. To what extent do you agree or disagree?

Governments should support care vs fiannce for retired people while others believe that they should save money when they get older. Discuss both views and give your opinion?