Some people think that the best way to run a business is within a family. What are the advantages and disadvantages of a family run business?

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Nowadays, the young generation is more eager towards working opportunities and have some field in partnership with friends. Some people's opinion about

this

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is that doing a

business

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with a family member is a good idea.

This

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trend has its own merits and demerits. In

this

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essay, I have shed some light on the benefits and drawbacks of family-run work. To commence with, the main advantage of running employment within a family is not only the trust but

also

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peace of mind, loyalty and security.

Moreover

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, every member will get an equal amount of shares in it.

Furthermore

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, it created positive fame and shows the example of strong bonding and relationships in the market.

Such

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as two brothers running a

business

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with a common name as 'Johns brothers'.

Additionally

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business

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owners can benefit more benefited if they run trade with loved ones.

For instance

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, running a trade is more challenging in

this

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present era, it requires complete time and involvement to get their industry more successful

thus

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, it can only be possible with the family members who put all of their efforts to make it flourish.

On the other hand

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, there are some drawbacks are associated with a family run

business

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Firstly

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, there might be created ego related issues which can turn up in disputes between brothers and can ruin the family peace.

Secondly

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, they might face inequality in terms of respect, name, work, money and responsibilities.

Finally

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, not all of the family members especially youngsters are willing to join

this

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trade as they are more likely toward different career paths so

this

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will create a detrimental impact on the company. To conclude, the family

business

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has many advantages like rising, sharing, trust and honesty only when everyone plays their role of the employee should work for the growth of the family as a team without developing jealousy and inequalities.

Submitted by hifzasiddiqui10 on Sun May 15 2022

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12
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meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

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Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

5 paragraphs

310 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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The percentage of overweight children in western society has increased by almost 20 % in the last 10 years. Discuss the causes and effects.

Some people say that there is too much harmful content on the internet. They say the only way to make the internet safe is for the government to censor the content of websites. To what extent do you think the government should control what information is available on the internet?

Some university students want to learn about other subjects in addition to their main subjects. Others believe it is more important to give all their time and attention to studying for a qualification. Discuss both these views and give your own opinion.

Some people think governments should focus on reducing environmental pollution and housing problems to help people to prevent illness and disease

Some people say history is one of the most important school subjects. Other people think that, in today's world, subjects like science and technology are more important than history. Discuss both views and give your own opinion.