Despite the advantages of running a family business, this traditional business model has certainly become less popular in recent decades. This essay will examine the advantages and disadvantages of running a traditional family business, to explore whether this model is feasible in today’s society.
One of the biggest disadvantages of operating a family-run business is that it creates additional stress among family members. For one thing, when the entire family is involved in the business, the members of the family spend a great deal of time together. Without a certain amount of space and time apart, relationships can easily become strained, especially in the already stressful small business environment. In addition, a family-run business places an expectation on the younger generation of the family to follow in their parents’ footsteps and keep the business going. This expectation can create generational rifts that are difficult to manage and overcome, as young people generally want the freedom to choose their own path through life. These disadvantages have contributed to the decline of the family business model in recent years.
However, there are certain advantages to keeping a business within the family that make it a very attractive business model indeed. One key advantage is that the loyalty of your employees is much higher when you employ your own family members. The financial success of the family is tied to the business, so each employee has a vested interest in making the business run efficiently and productively. What is more, the longevity of the business is also more secure. There is often great pride that comes with running a family business, so that the next generation is more likely to continue running the company, rather than selling it off to a competitor. Family business operators can feel that their investment of time and effort will continue to impact the community long after they themselves retire.
To conclude, while there are certain practical disadvantages to running a family business, the advantages far outweigh the disadvantages. While a family-run business may be an outlier in today’s business market, this model remains an attractive option for those seeking to make a long-term impact on society.
- The bar chart below shows shares of expenditures for five major categories in the United States, Canada, the United Kingdom, and Japan in the year 2009 91
- Most employers do job interviews before offering a position to a person. Do you think this is the best way to do it, or are there better alternatives? What is the best method of choosing employees in your opinion? 61
- Some people think that in the modern world we have become more dependent on each other, while others think that people are now more independent. Discuss both views and give your own opinion. 78
- The pie charts show the main reasons for migration to and from the UK in 2007. 61
- Interview forms are the basic selection criteria for the most large companies. However, some people think that interview is not a reliable method of choosing whom to employ and there are other better methods. To what extent do you agree or disagree? 56
Transition Words or Phrases used:
also, but, however, if, may, so, while, in addition, for one thing, what is more
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 13.1623246493 106% => OK
Auxiliary verbs: 6.0 7.85571142285 76% => OK
Conjunction : 6.0 10.4138276553 58% => More conjunction wanted.
Relative clauses : 9.0 7.30460921844 123% => OK
Pronoun: 25.0 24.0651302605 104% => OK
Preposition: 46.0 41.998997996 110% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 1928.0 1615.20841683 119% => OK
No of words: 359.0 315.596192385 114% => OK
Chars per words: 5.3704735376 5.12529762239 105% => OK
Fourth root words length: 4.35284910392 4.20363070211 104% => OK
Word Length SD: 2.95000933391 2.80592935109 105% => OK
Unique words: 178.0 176.041082164 101% => OK
Unique words percentage: 0.495821727019 0.561755894193 88% => More unique words wanted or less content wanted.
syllable_count: 630.9 506.74238477 125% => OK
avg_syllables_per_word: 1.8 1.60771543086 112% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 5.43587174349 92% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 5.0 2.10420841683 238% => Less adverbial clause wanted.
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 16.0 16.0721442886 100% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 31.0246247963 49.4020404114 63% => OK
Chars per sentence: 120.5 106.682146367 113% => OK
Words per sentence: 22.4375 20.7667163134 108% => OK
Discourse Markers: 5.0 7.06120827912 71% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 5.0 3.9879759519 125% => OK
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.406418135662 0.244688304435 166% => OK
Sentence topic coherence: 0.154629610335 0.084324248473 183% => OK
Sentence topic coherence SD: 0.0766051230604 0.0667982634062 115% => OK
Paragraph topic coherence: 0.27140002463 0.151304729494 179% => OK
Paragraph topic coherence SD: 0.0326229478501 0.056905535591 57% => OK
Essay readability:
automated_readability_index: 15.1 13.0946893788 115% => OK
flesch_reading_ease: 32.22 50.2224549098 64% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 14.2 11.3001002004 126% => OK
coleman_liau_index: 14.16 12.4159519038 114% => OK
dale_chall_readability_score: 8.69 8.58950901804 101% => OK
difficult_words: 90.0 78.4519038076 115% => OK
linsear_write_formula: 12.0 9.78957915832 123% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: 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.