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 parts of the world. While some people believe that people who run private corporations have a higher chance of success, others argue that

this

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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

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, 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

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

business

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ventures

such

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

On the other hand

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

business

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

business

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, especially in the growth stage. The placement of family

members

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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

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, the

business

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

members

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

business

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. 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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Fully explain your ideas

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.

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

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

0123456789.0505

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

4 paragraphs

283 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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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

More and more people are relying on the private car as their major means of transportation. Describe some of the problems overreliance on cars can cause, and suggest at least one possible solution.

Some people think that parents should teach children how to be good members of society. Others, howevr, believe that school is the place to learn this. Discuss both these views and give your own opinion.

Many believe that modern technology has brought people together, but others say that it has driven us apart. Discuss both viewpoints and give your own opinion.

Shopping is one of the most popular leisure activities among young people What is the reason for this? Can you think of other free time activities young people might enjoy?