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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business

Use synonyms

at an initial stage is usually run by the family. Some individuals believe that developing a venture that involves family members is more successful.

This

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essay will discuss both negatives and positives of

this

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trend and explain why it is beneficial to follow the legacy in long run. It is evident that even a small startup will require a certain amount of finance. In

such

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circumstances, searching for a sponsor could be an arduous job.

Hence

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, at

this

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point receiving money from a wealthy uncle or a loan from kin in exchange for partnership would be a big relief.

In addition

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, honesty, integrity and truthfulness can be expected from someone you know throughout your life rather than borrowing from some other unknown sources you know from a bank or any financing agency.

Therefore

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, it is advised to run a company that involves some family members.

On the other hand

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, the major drawbacks are familial disputes and dismemberment of the businesses. As the company starts making profits, everyone becomes interested in taking the top position which

consequently

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raises arguments among partners.

For instance

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, there was a falling-out in the Ambani

business

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empire owned by two brothers, Mukesh Ambani and Anil Ambani due to a family squabble.

Such

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, controversy would lead to division in a successful

business

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and impact the lives of people working there as well as the owners will

also

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suffer great financial losses. All in all, running a family

business

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can be risky as it may give rise to debates and inadvertently shatter the whole establishment. Despite these ,shortcomings

such

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business

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can flourish if the people are supportive, trustworthy and true to each other.

Submitted by sweety on Mon May 16 2022

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Support ideas with relevant, specific examples

Examples make your writing easier to understand by illustrating points more effectively.

Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.

When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.

Linking words for giving examples:

for example
for instance
to illustrate this
to give a clear example
such as
namely
to illustrate
take, for example

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9
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 4.0

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: 4.0

Complete response

7.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

277 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 a family. What are the advantages and disadvantages of a family run business?

Support ideas with relevant, specific examples

You have ordered a product on a website and received a different product. Write a letter the company. Write a letter

The government has the duty to ensure that its citizens have a healthy diet, while others believe this is individuals’ responsibility. Discuss both views and give your opinion.

Some people say that the best way to improve public health is by increasing the number of sports facilities. Others, however, say that this would have little effect on public health and that other measures are required. Discuss both these views and give your own opinion.

It is sad that life is becoming increasingly stressful for most people. What is the reason of this phenomenon and how could this problem be solved?

In many parts of the world, people rely on private cars for transportation. In what ways does reliance on private cars affect the way we live? Do the effects tend to be positive or negative?