Some people think that the best way to run a business is within the family.
What are the advantages and disadvantages of a family run business?
Family business involve many combinations of relationships such as parent-child, husband-wife, siblings, also extended family members could be involved in board. This trend has many benefits, although it has some detriments attached with it.
On the one hand involving relatives in business at different levels has many advantages. The most important one is that family members are generally more dedicated to the common goals and they do not hesitate to sacrifice for achievement of the company targets. In addition, involvement of closed one in the business creates grounded and firm foundation for the company, also their presence around provides support, trust and comfort. For instance, people involved in the business know the consequences of their action on the business if they or their relatives own it and so they would choose themselves for cut off in case of recession. Furthermore, families are more lenient and forgiving when it comes to working hours, schedules and even mistakes. When family is involved, there is a leeway to work flexible or part time which in turn allow taking care of children, parents and other family members. For example, researches have proved that people working in their own office or workshop are more liberal about the work. Thus, kinsmen in company create a flexible environment with loyalty.
On the other hand, there are some challenges to run business in family. The biggest difficulty is issue regarding succession which might causes conflicts in the relationship involved. This might occur if the older generation does not permit the young generation the needed room to develop and grow. For instance, if the elders of the family do not allow youngsters to take risks, they would never understand how to deal an emergency. Furthermore, business owner might prefer a relative for the job even though he or she does not have adequate skills for the position. This can deteriorate the business, and cause harmful ripples among the employees working hard to secure higher position. For example, no one denies that efficient employees would leave the company if they feel any kind of partiality. Thus, inappropriate referral without ability and clashes could affect the trade adversely.
To conclude, family business would be beneficial in terms of honesty, devotion and liberty, although issues with heredity and favouritism can bring gloomy effects on the environment of the firm.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2018-10-02 | Cattyhubby | 78 | view |
| 2022-10-30 | Kaur_Aman | 73 | view |
| 2022-10-30 | Kaur_Aman | 73 | view |
| 2019-04-17 | Prabhjot Sanghera | 67 | view |
- Some people prefer to listen to music while studying, as music has a calming effect on the mind. Others prefer a pin drop silence in order to concentrate on the content they are studying and have an undivided attention while they do so.Which option works 92
- As a result of advances in medical care, average life expectancy is increasing for men and women. Do you think most people will see this as a positive development? What are the disadvantages of an ageing population for individuals and society? Support you 73
- As a result of advances in medical care average life expectancy is increasing for men and women Do you think most people will see this as a positive development What are the disadvantages of an ageing population for individuals and society Support your po 74
- Sales companies should recruit people who are hungry for money as they will make the most dedicated workers Do you think money is the driving force behind hard work What factors should be taken into consideration when recruiting staff for sales positions 94
- Most artists earn low salaries and should therefore receive funding from the government in order for them to continue with their work To what extent do you agree 77
Grammar and spelling errors:
Line 3, column 819, Rule ID: EN_COMPOUNDS
Message: This word is normally spelled with hyphen.
Suggestion: part-time
..., there is a leeway to work flexible or part time which in turn allow taking care of chil...
^^^^^^^^^
Discourse Markers used:
['also', 'furthermore', 'if', 'regarding', 'so', 'thus', 'for example', 'for instance', 'in addition', 'kind of', 'such as', 'on the other hand']
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance in Part of Speech:
Nouns: 0.262790697674 0.247107183377 106% => OK
Verbs: 0.155813953488 0.155533422707 100% => OK
Adjectives: 0.0720930232558 0.0946595960268 76% => OK
Adverbs: 0.046511627907 0.0501214627716 93% => OK
Pronouns: 0.0372093023256 0.0437548338989 85% => OK
Prepositions: 0.127906976744 0.122226691241 105% => OK
Participles: 0.0348837209302 0.0403226058552 87% => OK
Conjunctions: 2.77846394986 2.80594681477 99% => OK
Infinitives: 0.0232558139535 0.0326793684256 71% => OK
Particles: 0.00232558139535 0.00163938923432 142% => OK
Determiners: 0.0860465116279 0.0861772015684 100% => OK
Modal_auxiliary: 0.0255813953488 0.021408717616 119% => OK
WH_determiners: 0.0116279069767 0.011925033212 98% => OK
Vocabulary words and sentences:
No of characters: 2441.0 1933.35771543 126% => OK
No of words: 387.0 316.048096192 122% => OK
Chars per words: 6.30749354005 6.12580529183 103% => OK
Fourth root words length: 4.43534841618 4.20517956788 105% => OK
words length more than 5 chars: 0.403100775194 0.374742101984 108% => OK
words length more than 6 chars: 0.31007751938 0.28420135186 109% => OK
words length more than 7 chars: 0.250645994832 0.203846283523 123% => OK
words length more than 8 chars: 0.15503875969 0.137316102897 113% => OK
Word Length SD: 2.77846394986 2.80594681477 99% => OK
Unique words: 219.0 176.037074148 124% => OK
Unique words percentage: 0.565891472868 0.56093040696 101% => OK
Word variations: 65.2903462436 60.7387585426 107% => OK
How many sentences: 19.0 16.0891783567 118% => OK
Sentence length: 20.3684210526 20.7743622355 98% => OK
Sentence length SD: 39.174161873 49.517814964 79% => OK
Chars per sentence: 128.473684211 127.492653851 101% => OK
Words per sentence: 20.3684210526 20.7743622355 98% => OK
Discourse Markers: 0.631578947368 0.814263465372 78% => OK
Paragraphs: 4.0 4.38877755511 91% => OK
Language errors: 1.0 3.99599198397 25% => OK
Readability: 51.3761729906 49.1944974215 104% => OK
Elegance: 1.77669902913 1.69124875643 105% => OK
Coherence and Cohesion:
Essay topic to essay body coherence: 0.483561963376 0.332605444948 145% => OK
Sentence sentence coherence: 0.0946641119547 0.102741220458 92% => OK
Sentence sentence coherence SD: 0.0591576383149 0.0668466124924 88% => OK
Sentence paragraph coherence: 0.498038612254 0.534860350844 93% => OK
Sentence paragraph coherence SD: 0.171089696271 0.148594505496 115% => OK
Sentence topic coherence: 0.176392314038 0.134430193775 131% => OK
Sentence topic coherence SD: 0.0957930682083 0.0742795772207 129% => OK
Paragraph paragraph coherence: 0.331581879108 0.324371583561 102% => OK
Paragraph paragraph coherence SD: 0.150874878098 0.0638462369009 236% => OK
Paragraph topic coherence: 0.299844514664 0.228012699653 132% => OK
Paragraph topic coherence SD: 0.120930438871 0.058150111329 208% => OK
Task Achievement:
Sentences with positive sentiment : 10.0 8.68436873747 115% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 3.0 3.41683366733 88% => OK
Positive topic words: 8.0 5.90881763527 135% => OK
Negative topic words: 5.0 2.5751503006 194% => OK
Neutral topic words: 3.0 1.9629258517 153% => OK
Total topic words: 16.0 10.4468937876 153% => OK
What are sentences with positive/Negative/neutral sentiment?
---------------------
Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
---------------------
Note: This is not the final score. The e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.