some people think that the best way to run a business is within the family. What are tge advantages and disadvantages of a family run business?
Businesses come in many shapes and forms. While some start in a garage , other multimillionaire companies are passed on through many generations. Clearly , some believe that the best way to cause a
business
to flourish is to run it within the family. In Use synonyms
this
essay, we will assess the advantages and disadvantages of running a family Linking Words
business
and come to a conclusion.
On the one hand, many benefits can be identified. Use synonyms
Firstly
, members of a family who run the Linking Words
business
get to share the income. Use synonyms
For example
, we often see stores running since the early 90s, that have been passed on for generations. In turn, the income is handed over to the descendants. Linking Words
Likewise
, if several people from the same family are working in a store, they all get to distribute the income. Linking Words
Consequently
, the money stays within the family circle. Linking Words
Secondly
, for ancestors to be able to pass on Linking Words
this
fortune to their loved ones, means that they are able to trust them . Linking Words
Similarly
, those that work together as a group, have trust in each other as they are aware of each person's strengths and weaknesses. Linking Words
As a result
, the comfort of knowing you won't be deceived will give you more mental stability and peace.
Linking Words
On the other hand
, spending too much time together may cause personal or work-related clashes. Linking Words
For instance
, some individuals within the family may not agree on certain aspects of the Linking Words
business
and Use synonyms
hence
fall out. Ultimately, Linking Words
this
can lead to separation and even claiming their own shares of the Linking Words
business
. Use synonyms
Next
, due to close relations , there may be too much leniency shown to one another. To illustrate, if there was a worker who was not related, and if they violated a code, he or she would be strictly disciplined. Linking Words
However
, in families , leniency is shown and individuals are let off. Linking Words
Thus
, Linking Words
this
leniency could mean that family members may be less pressured to perform.
To conclude, family-led businesses are very popular especially, among older generations. Importantly, without a doubt they allow family virtues and traditions to be passed on. Linking Words
Therefore
, to keep these traditions alive, we must address any differences within the family circle as well as keep strict and equal rules for everyone.Linking Words
Submitted by tibsr on
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