Some people think that the best way to run business is within the family. What are the advantages and disadvantages of a family run business?
Some hold the opinion that when a
business
is exclusively run by family Use synonyms
members
, the best results will be achieved. Family-run Use synonyms
businesses
have several merits, including a more cordial atmosphere in the working Use synonyms
environment
and the fact that, Use synonyms
due to
family relationships, more trustworthiness, loyalty, and dedication can be observed in Linking Words
employees
.
On the one hand, several advantages are associated with a Use synonyms
business
operated by family Use synonyms
members
. Use synonyms
Firstly
, Linking Words
due to
family bonds and the sense of affection, intimacy, and closeness that usually exist among family Linking Words
members
, family-run Use synonyms
businesses
often have a relaxing and convivial atmosphere in the workplace. Use synonyms
Thus
, Linking Words
this
comparatively stress-free and genial working Linking Words
environment
can enhance the Use synonyms
employees
' productivity and efficiency, leading the Use synonyms
business
to thrive. Use synonyms
Secondly
, when a family runs a Linking Words
business
together, they are more likely to dedicate themselves to Use synonyms
work
, using all of their capacities, skills, and abilities to operate the Use synonyms
business
as perfectly as possible. Use synonyms
Moreover
, it is undeniable that family Linking Words
members
can be trusted more and show loyalty regarding Use synonyms
business
affairs, Use synonyms
for example
, by not revealing sensitive information or secrets of the Linking Words
business
.
Use synonyms
On the other hand
, several negative features are attributed to family Linking Words
businesses
. Use synonyms
Firstly
, nepotistic behaviour and favouritism are more likely to be observed in Linking Words
businesses
operated mainly by family Use synonyms
members
. Use synonyms
In other words
, non-family Linking Words
employees
in these Use synonyms
businesses
may be treated unfairly, and perks and promotions may be given based on family relationships rather than competence and diligence. Use synonyms
Secondly
, family-run companies are more prone to some issues, Linking Words
such
as the lack of adequate discipline in the workplace Linking Words
due to
the informal working Linking Words
environment
and intimacy between family Use synonyms
members
. Use synonyms
Hence
, when a Linking Words
business
is managed by family Use synonyms
members
, they may not carry out the Use synonyms
work
earnestly and diligently as much as when they Use synonyms
work
in non-family Use synonyms
businesses
, leading to a decline in productivity and quality of Use synonyms
work
.
In conclusion, family-run Use synonyms
businesses
have several positive features, Use synonyms
such
as having a more friendly and relaxing working Linking Words
environment
and more loyal and devoted Use synonyms
employees
that can be trusted more Use synonyms
due to
family relationships. Linking Words
However
, several downsides are Linking Words
also
associated with these Linking Words
businesses
, including the possibility of showing nepotistic behaviour towards family within the workplace and the lack of discipline and order in the relatively informal working Use synonyms
environment
of these Use synonyms
businesses
.Use synonyms
Submitted by ghsa1214 on
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