In modern life many prefer working for private sectors like family- run business to being employed by public ones. In this essay I am going to discuss both sides of this argument and then my perspective will be drawn.
On the one hand, family- run business brings adolescents a significant fundamental for them to absorb and accumulate knowledge. Furthermore, it is easy to seize the opportunity to expand their employment prospects. For instance, a well-known chain of Pho ha noi or chain of Vietnamese bread now operated by the next generation. As a result, they do not have to worry about their career because they have their own path and could cover their basic living expenses.
On the other hand, there are two main demerits about family-run business. First of all, it can cause disharmony between the older generation and younger generation. Because of being self-oriented, teenagers may want to develop their own career path not dependent on their parents or they have their own ambition so they do not want to follow their family footsteps. Furthermore, one-man businesses are more hazardous than state-owned companies. As the former investment stems from their interest or a bank loan but the latter has investment from public or other resources, consequences if a company bankrupted, private enterprise have to pay a vast loan or have huge deficit.
In conclusion, a family-run business is a good way to earn money but entrepreneurs should weigh up its pros and cons before starting up.
In modern life
many
prefer working for private sectors like family- run
business
to
being employed
by public ones. In this essay I am going to discuss both sides of this argument and then my perspective will
be drawn
.
On the one hand, family- run
business
brings adolescents a significant fundamental for them to absorb and accumulate knowledge.
Furthermore
, it is easy to seize the opportunity to expand their employment prospects.
For instance
, a well-known chain of
Pho
ha
noi
or chain of Vietnamese bread
now
operated by the
next
generation.
As a result
, they do not
have to
worry about their career
because
they have their
own
path and could cover their basic living expenses.
On the other hand
, there are two main demerits about family-run
business
.
First of all
, it can cause disharmony between the older generation and younger generation.
Because
of being self-oriented,
teenagers
may want to develop their
own
career path not dependent on their
parents or
they have their
own
ambition
so
they do not want to follow their family footsteps.
Furthermore
, one-
man
businesses
are more hazardous than state-
owned
companies
. As the former investment stems from their interest or a bank loan
but
the latter has investment from public or other resources, consequences if a
company
bankrupted, private enterprise
have to
pay a vast loan or have huge deficit.
In conclusion
, a family-run
business
is a
good
way to earn money
but
entrepreneurs should weigh up its pros and cons
before
starting up.