It is argued by some people that running family business can improve profitability, while others believe this can lead to conflict between family members and raised the negative outcomes. In my opinion, despite having many advantages in family run businesses, there are additionally some drawbacks on this measure. This essay will discuss some pros and cons of starting a family profession.
First of all, it should be said that the most obvious advantage of the family-run business is the high level of commitment and loyalty of members who can open further opportunities for development and eventually continues success. For example, moving toward a common goal as a result of the sense of trust between family members, eventually can lead to the long-term stability of that specific profession. Furthermore, another clear benefit of the family-owned trade is strengthening financial capability due to less cost and expenditures. To exemplify, the extra expenditures in order to training qualified employees can be ignored when all the members have the same background and common version of their career purpose.
On the other hand, some drawbacks and challenges will come in the way of family professional growth, which can influence the advantages. In the initial place, over flexibility in time schedule due to emotional ties, can raise disruptive outputs. For instance, delegating responsibility to the other colleagues during the work time because of an unstructured leadership is very prevalent in family-run careers. Besides, having the same culture and background, increase the danger of group thinking for the companies, which not only is not a positive feature, but also can be resulted in the same ideas and proposals by narrowing the viewing angle.
In conclusion, family businesses as similar to any other profession, have both positive and negative aspects and depends on the situation, can be profitable or harmful. Generally, in my perspective, while it should be decided by considering various aspects, the advantages of family-run trade overweight its disadvantages.
It
is argued
by
some
people
that running
family
business
can
improve
profitability, while others believe this can lead to conflict between
family
members
and raised the
negative
outcomes. In my opinion, despite having
many
advantages
in
family
run
businesses
, there are
additionally
some
drawbacks on this measure. This essay will discuss
some
pros and cons of starting a
family
profession.
First of all
, it should
be said
that the most obvious
advantage
of the family-run
business
is the high level of commitment and loyalty of
members
who can open
further
opportunities for development and
eventually
continues success.
For example
, moving toward a common goal
as a result
of the sense of trust between
family
members
,
eventually
can lead to the long-term stability of that specific profession.
Furthermore
, another
clear
benefit of the family-
owned
trade is strengthening financial capability due to less cost and expenditures. To exemplify, the extra expenditures in order to training qualified employees can be
ignored
when all the
members
have the same background and common version of their career purpose.
On the
other
hand,
some
drawbacks and challenges will
come
in the way of
family
professional growth, which can influence the
advantages
. In the initial place, over flexibility in time schedule due to emotional ties, can raise disruptive outputs.
For instance
, delegating responsibility to the
other
colleagues during the work time
because
of an unstructured leadership is
very
prevalent in family-run careers.
Besides
, having the same culture and background, increase the
danger
of group thinking for the
companies
, which not
only
is not a
positive
feature,
but
also
can
be resulted
in the same
ideas
and proposals by narrowing the viewing angle.
In conclusion
,
family
businesses
as similar to any
other
profession, have both
positive
and
negative
aspects and depends on the situation, can be profitable or harmful.
Generally
, in my perspective, while it should
be decided
by considering various aspects, the
advantages
of family-run trade overweight its disadvantages.