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?

#people #business

Family businesses are quite popular in many parts of the world. While some people believe that people who run private corporations have a higher chance of success, others argue that

this

method leads to many problems in the long run. In my opinion, family businesses have certain pros and cons which will be discussed in the following paragraphs. On the one hand, a crucial advantage behind firms run by families is the persistent commitment and involvement of the family

members

, which have a greater level of stability and loyalty attached to it. Everyone relies on others to ensure their own success without having the thoughts of being robbed or unfair competition. To put it another way,

members

would work together to achieve a common goal with more dedication and flexibility. In fact, most successful

business

ventures

such

as Walton’s and Ambani’s are family-run.

On the other hand

, with various models in trading nowadays, the noticeable downside of a family run

business

is a lack of expertise. Access to expertise is inevitable to the

business

, especially in the growth stage. The placement of family

members

in different positions without possessing the adequate skills required for the job would impose an additional burden on the entrepreneur because of the necessity to employ expertise.

Besides

, the

business

may confront problems like misappropriation of funds and sometimes there is an increased chance for disputes between the family

members

which would hinder the smooth functioning of an organisation. To conclude, there are both supporting and opposing arguments for a family

business

. Many experts believe that building an organization with a family helps keep the family together. With communication and understanding, a dispute in family entrepreneurship can be avoided.

Submitted by Thanh Huyen on Sat Jul 03 2021

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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

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4Linking words
meeting the goal of 7 or more
2Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

283 words

7.00

Overall Band Score

Coherence and Cohesion: 6.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.5

Complete response

5.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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?

Fully explain your ideas

In many countries, traditional dress and costumes are considered effective ways in maintaining link with the past. How effective can traditional costume be, in this sense? What other ways exist to help citizens connect with the country’s past?

Car ownership has increased so rapidly over the past thirty years that in many cities around the world there are constant traffic jams. How true do you think this statement is?

Natural resources such as oil, forests, and fresh water are being consumed at an alarming rate. What problems does this cause? How can we solve these problems?

Some people who have been in prison become good citizens later, and it is often argued that these are the best people to talk to teenagers about the dangers of committing a crime. To what extent do you agree or disagree?

In today's job market it is far more important to have practical skills than theoretical knowledge. In the future, job applicants may not need any formal qualification. To what extent do you agree or disagree?