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?

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It is thought by some that it is beneficial to have a
family owned
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family-owned
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business
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. There are advantages of
family
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the family
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business
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but there are
also
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drawbacks to be taken into account. On the one hand, there are a number of benefits of a
business
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which
Correct pronoun usage
that
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is ran
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is run
is running
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within the family.
Firstly
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, in a family
business
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, people
work
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for themselves so, they will
work
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harder and be more dedicated to
take
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taking
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their company to a new height and
make
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making
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it lucrative.
Secondly
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, the
business
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can be passed down through the generations. The new generations could learn numerous things at a very young age about
business
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from their family
members
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.
As a result
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, they will be able to handle the
business
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as they grow up without having to employ other unknown people.
Thirdly
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, they have a flexible
work
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schedule; they do not have to
work
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from 9-5.
This
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factor contributes towards increasing their efficiency and helps
tgem
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them
to remain focused
in
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on
show examples
their
work
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.
On the other hand
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, one drawback of
family
Add an article
a family
the family
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business
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is that due to nepotism, family
members
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might be promoted to higher positions
instead
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of
skillful
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skilful
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non-related staff, and they might not have
required
Correct article usage
the required
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skills to be successful managers and directors.
Thus
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, it will hamper the
business
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resulting in mediocre
business
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performance. Another downside is that
business
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disputes can lead to family conflicts because issues become subjective rather than objective.
Consequently
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, the bond between family
members
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might be destroyed forever. In conclusion, there are benefits of having a family
business
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, as the family
members
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give their best because they are working for themselves, and they have a flexible
work
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schedule.
However
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, there are some drawbacks,
such
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as nepotism, and family
bond
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bonds
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might be damaged because of
business
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disputes.
Submitted by devina.shrestha6 on

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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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