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

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

business

, while others disagree with them. In

this

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

approach.

To begin

with, the cardinal advantage of a family-run

business

is loyalty and integrity It is an undeniable fact that family

members

trust each other and always will have each other back and

also

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

Moreover

, 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

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

last

but not least, The

business

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

had passed down to the future generation .

However

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

business

Firstly

, not all family

members

will have the vision or aim for the company.

Therefore

this

will lead to conflicts within family

members

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

Moreover

, family

members

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

business

performance.And ,

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apply

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lastly

Add a comma

,lastly

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

business

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

However

family

members

should work extra hard to ensure that

business

issues will not turn into personal ones.

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

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10Linking words
meeting the goal of 7 or more
2Word repetition
meeting the goal of 3 or fewer
3Grammar mistakes
 

4 paragraphs

293 words

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

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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?

Essentional vocabulary list for IELTS Writing 7+

In many countries, people can buy a wide range of household goods, for example, TV, microwave oven and rice cooker. Is it a positive or negative development?

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