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 thought by some that it is beneficial to have a family-owned

business

. There are advantages of the family

business

but there are

also

drawbacks to be taken into account. On the one hand, there are a number of benefits of a

business

that is

run within the family.

Firstly

, in a family

business

, people

work

for themselves so, they will

work

harder and be more dedicated to taking their company to a new height and making it lucrative.

Secondly

, the

business

can be passed down through the generations. The new generations could learn numerous things at a very young age about

business

from their family

members

As a result

, they will be able to handle the

business

as they grow up without having to employ other unknown people.

Thirdly

, they have a flexible

work

schedule; they do not have to

work

from 9-5.

This

factor contributes towards increasing their efficiency and helps them to remain focused on their

work

On the other hand

, one drawback of a family

business

is that due to nepotism, family

members

might be promoted to higher positions

instead

of skilful non-related staff, and they might not have the required skills to be successful managers and directors.

Thus

, it will hamper the

business

resulting in mediocre

business

performance. Another downside is that

business

disputes can lead to family conflicts because issues become subjective rather than objective.

Consequently

, the bond between family

members

might be destroyed forever. In conclusion, there are benefits of having a family

business

, as the family

members

give their best because they are working for themselves, and they have a flexible

work

schedule.

However

, there are some drawbacks,

such

as nepotism, and family bonds might be damaged because of

business

disputes.

Submitted by devina.shrestha6 on Wed Dec 15 2021

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13Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

290 words

6.50

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: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

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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