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?

In recent times, increasing the number of
people
who start a family
business
. Some individuals believe
that is
the best way to reach success.
Therefore
, In my opinion,doing family
business
have some merits, but there will
also
be some drawbacks and these are discussed in
this
essay.
To begin
with,One of the main advantages of the family
business
is all the assets and income go to the family of the person who runs the
business
. Because
businesses
run with an outside partner,
people
need to share
business
profits with others.
Therefore
people
can overcome
this
problem through the family
business
. Another major benefit of the family
business
is trust in each other. To explain, members from the same family can trust easily because
people
who join the family
business
for the growth of their own family and all income going to them. So there is no need to cheat for the benefits.
Therefore
, these two are the main merits of having a family company.
On the other hand
, there are some demerits for the family
business
. One of them is the lack of funds. To explain,
people
start other
businesses
rather than family
businesses
. There is a chance to get funds from outside,
otherwise
Add a comma
,otherwise
show examples
the whole family find money to run the
business
, which is the main demerit of the family
business
. In conclusion, increasing the number of
the
Correct article usage
apply
show examples
family
businesses
,
while
there are some advantages and disadvantages to running a family
business
. In my opinion, the main advantage is there is no need to share income with outsiders
however
,the drawback is the lack of fund
Submitted by lakshmimahendran915 on

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