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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In recent years family-owned businesses had become quite popular. some believe that it is the most suitable way to run a

business

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, while others disagree with them. In

this

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essay

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an essay

the essay

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I will be discussing both the pros and the cons of

this

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approach.

To begin

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with, the cardinal advantage of a family-run

business

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is loyalty and integrity It is an undeniable fact that family

members

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trust each other and always will have each other back and

also

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decisions will be made based on what benefits the whole family.

Moreover

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, the work schedule will be more flexible. For ,instance if a family member is full- time student his or her schedule could be adjusted in a way that will suit them.

Furthermore

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, the work atmosphere will be more relaxed since everyone is related. And

last

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but not least, The

business

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could be passed down to future generations.A perfect example is THE WALMART family which owns Walmart hypermarkets that were founded in 1962 and the

business

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had passed down to the future generation .

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, we can not ignore the many drawbacks that come with a family-owned owned

business

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Firstly

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, not all family

members

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will have the vision or aim for the company.

Therefore

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this

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will lead to conflicts within family

members

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due to the fact that issues will become subjective rather than objective.

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, family

members

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might not have the required skills to be a manager or an employee which lead to mediocre

business

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performance.And ,

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apply

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lastly

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,lastly

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ideas may become stale and a fresh perspective might be difficult to find. In conclusion, any

business

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type has its own pros and cons. family-owned businesses will thrive for long period,

However

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family

members

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should work extra hard to ensure that

business

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issues will not turn into personal ones.

Submitted by ph.amal.just on Mon Mar 07 2022

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10
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meeting the goal of 7 or more
2
Word repetition
meeting the goal of 3 or fewer
3
Grammar mistakes
detected issues

0123456789.0505

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: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

293 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?

Today, the majority of children are raised by their grandparents due to the fact that their parents are busy working. To what extend do you think it effects the while family?

These days more fathers stay at home and take care of their children while mothers go out to work. What could be the reasons for this? Do you think it is a positive or a negative development?

It is sometimes said that people who think only about themselves are happier because they get what they want. Others say that selfish people have no friends and are usually lonely. Why do you think some people act selfishly? Is it good to be selfish?

Many people around the world use social media everyday to keep in touch with other people and get news events. Do you think the advantages outweigh the disadvantages?