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?
In this era of industrialization, people are more inclined towards establishing their career in business. According to some people starting business inside family circle is the most effective approach to establish career in global markets.However, financial support and trustworthy environment can be gained from family business but there are also some drawbacks to betaken into account.
Firstly, one benefit of conducting business within family is that there is no requirement to take additional financial loans, as finances can be arranged within the family. Moreover, work and the profit can be equally divided among the business holders without any external interference. Another advantage is that the relationship of trust and commitment shared by family
members bind them together and gradually, lead to success of business. To exemplify, the small business group once started by Sir Jameshed Ji Tata within his family, and then gradually run by full faith and dedication by his family is presently known as the India's most successful and leading business group named as The TATA group. Therefore, running business in family can create more effective outcomes considering, the help and support from family.
Secondly, there are also some drawbacks associated with family business. Primarily, the competition of achieving success can sometimes build the chance of misunderstanding, as a result conflicts occur between the relationship. For instance, the co-founders of Hero Honda business group started the organisation within the family and recently they parted their ways due to some business rivalries. Next, the loss in the family business can affect the whole family and can disturb the personal lives of members, education of children and health of elders. Additionally, most of the positions in family oriented business are mostly acquired by the members of family, with the downfall of business they also gets unemployed. Thus,
In conclusion, the family business offers some advantages along with the disadvantages of relationship conflicts and destruction of family wealth and peace. Henceforth, to establish an effective business the quality education of business skills is indeed required additionally, prior knowledge of merits and demerits taken before any start.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-05-28 | Prabhjot Kaur Bhullar | 73 | view |
| 2019-04-17 | Prabhjot Sanghera | 67 | view |
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Grammar and spelling errors:
Line 1, column 240, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: However
...h to establish career in global markets.However, financial support and trustworthy envi...
^^^^^^^
Line 3, column 372, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...of trust and commitment shared by family members bind them together and gradually...
^^^
Line 6, column 705, Rule ID: NON3PRS_VERB[2]
Message: The pronoun 'they' must be used with a non-third-person form of a verb: 'get'
Suggestion: get
...with the downfall of business they also gets unemployed. Thus, In conclusion, th...
^^^^
Line 6, column 727, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...usiness they also gets unemployed. Thus, In conclusion, the family business offer...
^^^^^
Transition Words or Phrases used:
also, but, first, firstly, hence, however, if, moreover, second, secondly, so, then, therefore, thus, for instance, in conclusion, as a result
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 15.0 10.4138276553 144% => OK
Relative clauses : 2.0 7.30460921844 27% => More relative clauses wanted.
Pronoun: 10.0 24.0651302605 42% => OK
Preposition: 54.0 41.998997996 129% => OK
Nominalization: 12.0 8.3376753507 144% => OK
Performance on vocabulary words:
No of characters: 1952.0 1615.20841683 121% => OK
No of words: 345.0 315.596192385 109% => OK
Chars per words: 5.65797101449 5.12529762239 110% => OK
Fourth root words length: 4.3097767484 4.20363070211 103% => OK
Word Length SD: 3.029303083 2.80592935109 108% => OK
Unique words: 186.0 176.041082164 106% => OK
Unique words percentage: 0.539130434783 0.561755894193 96% => OK
syllable_count: 621.0 506.74238477 123% => OK
avg_syllables_per_word: 1.8 1.60771543086 112% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 0.0 5.43587174349 0% => OK
Article: 6.0 2.52805611222 237% => Less articles wanted as sentence beginning.
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 14.0 16.0721442886 87% => OK
Sentence length: 24.0 20.2975951904 118% => OK
Sentence length SD: 53.6105095545 49.4020404114 109% => OK
Chars per sentence: 139.428571429 106.682146367 131% => OK
Words per sentence: 24.6428571429 20.7667163134 119% => OK
Discourse Markers: 10.1428571429 7.06120827912 144% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 4.0 5.01903807615 80% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 1.0 3.9879759519 25% => More negative sentences wanted.
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.410652172535 0.244688304435 168% => OK
Sentence topic coherence: 0.140167416899 0.084324248473 166% => OK
Sentence topic coherence SD: 0.0782329260562 0.0667982634062 117% => OK
Paragraph topic coherence: 0.226809975561 0.151304729494 150% => OK
Paragraph topic coherence SD: 0.0283397628595 0.056905535591 50% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 17.5 13.0946893788 134% => OK
flesch_reading_ease: 30.2 50.2224549098 60% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 15.0 11.3001002004 133% => OK
coleman_liau_index: 15.84 12.4159519038 128% => OK
dale_chall_readability_score: 9.54 8.58950901804 111% => OK
difficult_words: 103.0 78.4519038076 131% => OK
linsear_write_formula: 14.5 9.78957915832 148% => OK
gunning_fog: 11.6 10.1190380762 115% => OK
text_standard: 15.0 10.7795591182 139% => 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.