In many countries, it is common for families to own and run their own business. Some people think this is the best way to run a business, while others consider this a potential source of problems. What is your opinion?

In many parts of the world, it is common for families to establish and manage their own
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business
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businesses
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.
While
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Some
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some
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people
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believe that
this
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is one of the best
way
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ways
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to operate, others contend that it may lead to conflicts and
long term
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long-term
show examples
challenges. In my opinion, family-run enterprises can be successful, but
it
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they
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also
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carry significant risks that cannot be ignored. Supporters of family
business
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argue that it brings trust and
loyality
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loyalty
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,
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which are essential parts to run an organisation.
This
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not only boosts communication between workers but
also
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back
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backs
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up each other in
crtical
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critical
situations, which often
lack
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lacks
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on
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in
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other
type
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types
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of
businesses
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.
For example
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, in
this
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competitive era, most
of
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apply
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employees try to dominate each other for getting promotion regardless of
others
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others'
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problems.
This
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can lead to poor
co-ordination
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coordination
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which
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, which
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can impact a
business
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.
Moreover
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, in family-run
businesses
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,
people
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work more than they are getting paid, as their main objective
to
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is to
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accomplish goals rather than checking their working hours.
Although
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family-run enterprises have
main
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apply
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the benefit of cost-effectiveness, it has
also
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some
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have some
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potential drawbacks that cannot be overlooked. One of the primary reasons
people
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avoid
family
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a family
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start-up is personal issues. Even if
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a
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company is performing well in the market some
time
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sometimes
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people
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get offended because of personal arguments
which
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, which
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can cause
disruptive
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a disruptive
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environment among
employee
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employees
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, which is not ideal for a successful firm.
In addition
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,
family based
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family-based
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businesses
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does
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do
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not often run in
long
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the long
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term because of a lack of interest of
next
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the next
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generation.
For instance
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, several
time
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times
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upcoming generations want to follow their own passion
which
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, which
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can halt the
pass
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passing
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on legacy, which can lead to either a
close
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closure
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or sale of the
business
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. In conclusion,
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Although
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although
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in short-term
family based
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family-based
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businesses
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have tremendous benefits
such
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as trust and
layality
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loyalty
, and cost-effectiveness, in
long
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the long
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run
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run,
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such
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models can be a failure
due to
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lack
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a lack
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of interest of
next
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the next
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generation or personal
issue
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issues
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can create problems. A balanced approach, where professionals should be hired with mixed family
member
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members
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as
employee
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employees
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, can be an effective strategy.

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language
Use clean, simple words and fix miss spelt words.
structure
Put one main idea in each paragraph and start with a clear topic sentence.
coherence
Link ideas with small join words like and, but, also, for example, in order to flow well.
content
Give a short, real example for each idea to back it up.
structure
Close with a clear view that fits the intro.
language
Check spelling of key words such as loyal, communication, critical, coordination.
task response
The answer shows both sides and your view at the end.
coherence
There is a plan to talk about why family firms can work and what is hard.
Topic Vocabulary:
  • commitment
  • understanding
  • trust
  • flexibility
  • decision-making
  • legacy
  • stability
  • conflicts of interest
  • professionalism
  • succession planning
  • nepotism
  • qualified
  • sustainability
  • leverage
  • risks
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