In many countries it is common for families to own and run their business. Some people think it is the best way to run a business while other consider this a potential source of problems. Discuss both sides and give your own opinion.

Despite the fact that some people think that family
business
is the best suitable
model
, I believe that there are several drawbacks that potential cause businesses own and managed by
families
are not successful. In
this
essay, I will discuss both views and provide reasons and examples supporting my standpoint. On the one hand, there are a number of benefits supporting
famlies
Correct your spelling
families
business
concept.
Firstly
, it is the most cost-saving
business
model
since the companies do not need to hire
much
Change the quantifier
many
show examples
managers; the
families
business
management structure mostly are from
families
member and one person can take many roles.
Secondly
, the
knowhow
Correct your spelling
know-how
show examples
or expertise can be passed to generations.
For example
, in Thailand, there are many restaurants that can keep the secret recipe or special methods and develop it to be a very unique brand identity. These
strength
Change the determiner
strengths
show examples
bring
a
Correct article usage
apply
show examples
very
successful
Replace the word
success
show examples
to
this
family
business
model
.
On the other hand
, Having and
runing
Correct your spelling
running
your own
families
business
could cause tons of issues.
To begin
with, can you imagine yourself have the same home and workplace environment?
You
Correct pronoun usage
Your
show examples
colleagues can
also
be your father or brother.
This
model
make
Change the verb form
makes
show examples
unclear
Add an article
the unclear
an unclear
show examples
boundary between work and personal.
At
Change the preposition
In
show examples
the end, most people working with their
families
usually end up with
work life
Add a hyphen
work-life
show examples
not
Add the comma(s)
,not
show examples
balance.
Then
, since most
familiy
Correct your spelling
family
families
members are
employee
Fix the agreement mistake
employees
show examples
, it is quite difficult to separate between personal and
business
pocket
Fix the agreement mistake
pockets
show examples
. Try as you may, it could probably occur the grey situation that someone might overuse the others' budget as they think 'we share everything as
family
Add an article
a family
the family
show examples
'
Lastly
,
family
Add an article
a family
show examples
business
may
lost
Change the verb form
lose
be lost
show examples
a good opportunity to hire
a
Remove the article
apply
show examples
good management or expert. Family leaders are mostly the same person as
business
Add an article
a business
show examples
leader
Fix the agreement mistake
leaders
show examples
;
however
, in some cases, due to
generation
Correct article usage
the generation
show examples
gap, those leaders might not fit in
new
Add an article
a new
the new
show examples
wave of
business
or do not understand it enough. In conclusion, it seems to me that having owned and run by the
families
is not the best way to lead
business
Correct article usage
a business
show examples
due to many critical problems: blended work and home environment, money management, and
losting
Correct your spelling
hosting
opportunity to employ the right man to the right job.
Submitted by Ladawan.chot on

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Examples make your writing easier to understand by illustrating points more effectively.

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Linking words for giving examples:

  • for example
  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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Topic Vocabulary:
  • commitment
  • understanding
  • trust
  • flexibility
  • decision-making
  • legacy
  • stability
  • conflicts of interest
  • professionalism
  • succession planning
  • nepotism
  • qualified
  • sustainability
  • leverage
  • risks
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