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

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Running a family

business

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is becoming very popular among many people around the world. While there

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are

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numerous benefits of establishing a family-run

business

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, few drawbacks

also

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pull a plug on

this

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type of venture in some instances.

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essay will look into both merits as well as demerits of trades that are maintained by a family. One major positive of a family-owned

business

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is that profit does not need to be shared with any other party.

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results in a greater amount of profit that can be utilised to grow the

business

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For example

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, there are a number of family farms in Australia which are found to be lasting a significantly longer period of time with substantial profits.

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, many people trust their family members more than any outsiders which bring the continuation of a venture.

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, a

business

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becomes exponentially profitable

overtime

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over time

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under consistent ownership.

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, there are some disadvantages of

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which cannot be underestimated. A trade

that is

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solely operated by like-minded family people often lacks innovation. The

business

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model becomes monotonous and in many cases, may lead to termination due to

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reason. Most consumers nowadays are very aware of the products.

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, the

business

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needs to be on its toes with intellectual advancement which could be missing with the same approach of trading under family ownership. In conclusion, despite some drawbacks of a family-maintained venture, mostly it brings consistency as well as a greater sense of trust and income.

Submitted by mhssumon01 on Sat Sep 18 2021

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Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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8
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
2
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 7.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

247 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?

Your opinion

Taking a year of between finishing school and starting university is a waste of students' time. to what extent do you agree or disagree?

Are playing games more effective or harmful to children?

Countries are becoming more and more similar because people are able to buy the same products anywhere in the word. Do you think this is a positive or negative development

In country where there is a high unemployment, most pupils should be offered only primary education. There is no point in offering secondary education to those who will have no hop of finding a job. To what extent do you agree or disagree?