Many businesses in the world today are run by family members. Do the advantages of family-run businesses outweigh the disadvantages. Give reasons for your answer and include any relevant examples from your experiences or knowledge

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Nowadays, the majority of the
businesses
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that exist are handled by family
members
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. There are many drawbacks of family-run
businesses
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however
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benefits outweigh the negatives.
This
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essay will provide some examples to support my notion. On one hand,
businesses
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that are inherited by children or other relatives have a list of benefits.
Firstly
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, families are more aware of the know-how of the
business
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and it is better that the money remains within the family.
Secondly
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, they understand the value of the
business
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as their ancestors or forefathers worked really hard to build it from the scratch.
For example
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, when a multi-national company is built by a father and later taken over by his sons who have seen their father working day and night to build a brand
then
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the sons invest their time and money to grow the
business
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.
Moreover
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, family
members
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have a long-term perspective as compared to non-family
members
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because they need to retain the standard of
business
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.
Also
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, the cost of employees is reduced because a lot of
task
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tasks
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could be taken up by one or more
members
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reducing the expense of giving a salary to an employee.
On the other hand
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, there are a few disadvantages like
businesses
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handled by family
members
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can sometimes even break relationships as there will be competition among relatives over the share of
business
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and decision making.
This
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might result in serious conflicts and sometimes may
also
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be taken to the court. To conclude, a family-run
business
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has some disadvantages but there are more benefits like the value of a
business
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is considered and everybody works towards achieving one goal.
Submitted by biswal.akankshya on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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