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Band 5

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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It is true that family-run businesses have never stopped gaining in popularity around the world.
Although
this
 model is applauded by many experts, there still
exists
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exist
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 many limitations. On the one hand, there are a number of advantages of a family-
runbusiness
Correct your spelling
run business
.
First
, since the
business
 is operated and overseen by family members,
such
 as children and wife, or relatives, it is difficult for any outside parties to steal away the control of the
business
.
This
 means that the family has
an
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apply
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absolute power and control over strategic decisions, staffing, or payroll, which will certainly be of great benefit to all
familymembers
Correct your spelling
family members
.
Second
, since family-run businesses are private corporations, they are not subject to complex financial reporting requirements.
As a result
, the
business
 can save a great deal of money on hiring a team of professional accountants to prepare external reports and deal with government stakeholders.
On the other hand
, family-run businesses are not without downsides.
First
,
business
-related conflicts among family members have the potential to sabotage any family
relationships
Fix the agreement mistake
relationship
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.
For example
, a dispute over either
business
 ownership or salaries might lead to a quarrel or even an avoidable family estrangement.
Second
, non-family employees working for a family-run
business
 might view
this
business
 practice as unfair towards them.
For instance
, even if they perform exceptionally well and make enormous contributions to the company, chances are they will not be recognized enough compared to those who are family members. In conclusion, given the clear advantages a family-run
business
 have, there are still limitations. By acknowledging these limitations, the
business
 owner can find ways to dodge them.
Submitted by baoleuec on

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Support ideas with relevant, specific examples

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

Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.

When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.

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:
  • 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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