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?

Nowadays, many people dream of having their own businesses, while it is believed that running a family

business

is the best way to do so.

This

essay will highlight the pros and cons of family-run companies. Some may hold that starting a small enterprise within the family is the best way for it to succeed.

In other words

, family members would be equally invested in the work, and they would be motivated to give their all to make the

business

thrive.

For instance

, a family member would have a sense of responsibility while working and contribute intensely to the

business

expansion, unlike a strange employee who's likely more interested in his wage.

Moreover

, starting a new

business

can be stressful and needs a lot of self-confidence;

thus

, having family members around can be a confidence and productivity booster. The best example is the easiness a

person

feels with his family's support.

Therefore

, there are many good reasons why a

person

should run a

business

within the family.

However

, a family

business

has its detriments as well. The work conflicts can follow the

person

home if he is related to his partner and create problems that may take a long time to be resolved, which can cause the

business

to collapse.

For instance

, a wife can take personally work-related feedback coming from her husband, leading to a feeling of resentment affecting their relationship and the work.

Furthermore

, some employees would take the blood connexion for granted and break rules that ordinary personnel won't violate,

such

as absenting or being constantly late without any proper explanation.

Consequently

, there are multiple disadvantages that a

person

should not turn a blind eye to them. In conclusion, some people deem that the best way to run a

business

is to keep it in the family. Indeed there are multiple benefits why a

person

should opt for

this

, but it is

also

essential to not forget the drawbacks of running

such

businesses.