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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?

#people #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

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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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Essentional vocabulary list for IELTS Writing 7+

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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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