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?

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

this

is that doing a

business

with a family member is a good idea.

This

trend has its own merits and demerits. In

this

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

peace of mind, loyalty and security.

Moreover

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

Furthermore

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

Such

as two brothers running a

business

with a common name as 'Johns brothers'.

Additionally

,

business

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

For instance

, running a trade is more challenging in

this

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

thus

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

On the other hand

, there are some drawbacks are associated with a family run

business

.

Firstly

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

Secondly

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

Finally

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

this

trade as they are more likely toward different career paths so

this

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

business

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.