Some people think that the best way to run a business is within the 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 business in partnership with friends. Some people's opinion about

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is that doing employment with a family member is a good idea.

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trend has its own merits and demerits. In

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essay, I have added some light on the benefits and drawbacks of a family run business. To commence with, the main advantage of running a field 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.

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

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as two brothers running

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apply

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work

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workshop

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with a common name as 'Johns brothers'.

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

For instance

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, running a field is more challenging in

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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.

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, there are some drawbacks are associated with family-run efforts.

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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.

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

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

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trade as they are more likely toward different career paths so

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will create a detrimental impact on the company. To conclude, the family trade 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 29 2022

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12
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meeting the goal of 7 or more
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Word repetition
meeting the goal of 3 or fewer
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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: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 7.0

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

In Some Areas Of The US, A Curfew Is Imposed In Which Teenagers Cannot Be Out Of Doors At Night. Do you agree or disagree with this?

You recently bought a piece of equipment for your kitchen but it did not work. You phoned the shop but no action was taken.

All children should be given a free laptop when they start high school. Do you agree or disagree?

What should a government do for a country to become successful?

In many countries, people are living longer. What problems does this cause for individuals and society? What can be done to reduce the impact of these issues?