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?

A
business
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
essay will discuss both negatives and positives of
this
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
circumstances, searching for a sponsor could be an arduous job.
Hence
, at
this
point receiving money from a wealthy uncle or a loan from kin in exchange for partnership would be a big relief.
In addition
, 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
, it is advised to run a company that involves some family members.
On the other hand
, 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
raises arguments among partners.
For instance
, there was a falling-out in the Ambani
business
empire owned by two brothers, Mukesh Ambani and Anil Ambani due to a family squabble.
Such
, controversy would lead to division in a successful
business
and impact the lives of people working there as well as the owners will
also
suffer great financial losses. All in all, running a family
business
can be risky as it may give rise to debates and inadvertently shatter the whole establishment. Despite these ,shortcomings
such
business
can flourish if the people are supportive, trustworthy and true to each other.
Submitted by sweety on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

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

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

What to do next:
Look at other essays: