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?

Every country has family-run
businesses
.
This
is offering multifarious benefits to consumers.
However
, a couple of issues can emerge due to the same. The following paragraphs will highlight the pros and cons of
this
tendency before making a final note. To commence with, Integrity and profound loyalty are the main benefits of a family-run
business
. All
members
support each other and encourage even during the non-profitable stage.
For example
, staff will not demand paychecks when there is no profit.
Additionally
, the younger generation may be familiar with all the processes involved in
business
running as well as accounting, resources management and sales management.
Therefore
, they can manage the
business
under any circumstances.
Lastly
, all the family
members
can have a chance to get employed. On the negative side, the staff of a family
business
may have a short learning curve.
As a result
,
business
management may be less efficient compared to other market players.
For instance
, accounting and marketing require special knowledge and abilities.
However
, in family enterprises, these positions are mostly taken by unemployed relatives without sufficient education,
this
may lead to a number of issues regardless of hands-on experience.
Moreover
, family-run
businesses
may be unsuccessful because of issues related to profit sharing, outside recruitment, and etc.
Members
can have disagreements leading
businesses
to failure. The service quality may be substandard because of the irresponsibility and immaturity of younger
members
. To conclude, I personally think that family-run
businesses
can be successful only if properly managed. If all the disagreements are resolved timely, the
business
will thrive for a long time.
Submitted by shoira.shakirovna on

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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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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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