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Do the advantages of family-run business outweigh its disadvantages?

Do the advantages of family-run business outweigh its disadvantages? gqpEl

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 This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 prefer working for private sectors like family- run You use this word too often, consider replacing it withfieldworkemploymenttrade
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 You use this word too often, consider replacing it withfieldworkemploymenttrade
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 Possible spelling mistake found.WhoProThoPhDWHOpH
Pho
 ha Possible spelling mistake found.NOInotnonownonnor
noi
 or chain of Vietnamese bread This phrase/word (depending on the context) can be potentially replaced with :nowadays
now
 operated by the next
 generation. As a result
, they do not This phrase/word is too simple and can be replaced with:ought to
have to
 worry about their career This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 they have their This phrase/word (depending on the context) can be potentially replaced with :possess
own
 path and could cover their basic living expenses.

On the other hand
, there are two main demerits about family-run You use this word too often, consider replacing it withfieldworkemploymenttrade
business
. This phrase is redundant. Consider using "first".First
First of all
, it can cause disharmony between the older generation and younger generation. This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
Because
 of being self-oriented, This phrase/word (depending on the context) can be potentially replaced with :juvenilesadolescents
teenagers
 may want to develop their This phrase/word (depending on the context) can be potentially replaced with :possess
own
 career path not dependent on their Use a comma before 'or' if it connects two independent clauses (unless they are closely connected and short).parents, or
parents or
 they have their This phrase/word (depending on the context) can be potentially replaced with :possess
own
 ambition This phrase/word is too simple and can be replaced with:consequently
so
 they do not want to follow their family footsteps. Furthermore
, one-This phrase/word (depending on the context) can be potentially replaced with :individualresidentcitizen
man
You use this word too often, consider replacing it withfieldworkemploymenttrade
businesses
 are more hazardous than state-This phrase/word (depending on the context) can be potentially replaced with :possessed
owned
This phrase/word (depending on the context) can be potentially replaced with :enterprisescorporations
companies
. As the former investment stems from their interest or a bank loan This phrase/word is too simple and can be replaced with:on the contrary
but
 the latter has investment from public or other resources, consequences if a This phrase/word (depending on the context) can be potentially replaced with :enterprisecorporation
company
 bankrupted, private enterprise This phrase/word is too simple and can be replaced with:ought to
have to
 pay a vast loan or have huge deficit.

In conclusion
, a family-run You use this word too often, consider replacing it withfieldworkemploymenttrade
business
 is a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 way to earn money This phrase/word is too simple and can be replaced with:on the contrary
but
 entrepreneurs should weigh up its pros and cons This phrase/word is too simple and can be replaced with:previouslyprior to
before
 starting up. 