It is common for some people that running a family business lead to the best success. This essay will highlight both the benefits and drawbacks that result from this approach.
To begin with the positives, a crucial advantage behind running a family business is that having trust between family members. The reason behind this is that they often work as team members, thus everyone relies on the other to ensure success, without having the thoughts of being robbed. For instance, I have worked for a company which was managed by a team that consists of a father and his sons and daughters, I liked the way how the work was done and how everyone was relying on the other within a positive and confidence manner. Besides the trust, the work environment is usually optimistic, which leads to a magnificent income.
Nevertheless, family businesses sometimes do present problems between the members. This is because it is often seen that there is inflexibility when dealing among the members. For instance, the GUCCI Company is considered one of the biggest retail family business companies around the globe, until the son split off from the joint with his father in the late eighties. Another significant disadvantage is that some of the family businesses are lacking the organizational structure for an ordinary company. Therefore, it is often seen that there is no clear purpose for the members in order to be done.
To conclude, although running a family business is beneficial in terms of trust and a friendly work environment, it is vital to consider that it has stubbornness among family members and the lack of a structure.
It is common for
some
people
that running a
family
business
lead to the best success. This essay will highlight both the benefits and drawbacks that result from this approach.
To
begin
with the positives, a crucial advantage behind running a
family
business
is that having trust between
family
members
. The reason behind this is that they
often
work
as team
members
,
thus
everyone relies on the other to ensure success, without having the thoughts of
being robbed
.
For instance
, I have worked for a
company
which
was managed
by a team that consists of a father and his sons and daughters, I liked the way how the
work
was done
and how everyone was relying on the other within a
positive
and confidence manner.
Besides
the trust, the
work
environment is
usually
optimistic, which leads to a magnificent income.
Nevertheless
,
family
businesses
sometimes
do present problems between the
members
. This is
because
it is
often
seen
that there is inflexibility when dealing among the
members
.
For instance
, the GUCCI
Company
is considered
one of the biggest retail
family
business
companies
around the globe, until the son split off from the joint with his father in the late eighties. Another significant disadvantage is that
some of the
family
businesses
are lacking the organizational structure for an ordinary
company
.
Therefore
, it is
often
seen
that there is no
clear
purpose for the
members
in order to
be done
.
To conclude
, although running a
family
business
is beneficial in terms of trust and a friendly
work
environment, it is vital to consider that it has stubbornness among
family
members
and the lack of a structure.
12Linking words, meeting the goal of 7 or more
28Repeated words, meeting the goal of 3 or fewer
1Mistakes