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

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

Change the verb form

exist

show examples

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

Remove the article

apply

show examples

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

show examples

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 Wed Oct 20 2021

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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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9Linking words
meeting the goal of 7 or more
1Word repetition
meeting the goal of 3 or fewer
5Grammar mistakes
 

5 paragraphs

264 words

5.00

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: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 5.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

7.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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?

Support ideas with relevant, specific examples

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Some feel governments should invest in preserving minority languages, while others feel this is not a good use of resources. Discuss both views and give your own opinion. (Write 250 words.)

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People often think about creating an ideal society, but most of the times fail in making this happen. What is your opinion about an ideal society? How can we create an ideal society?