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?
It is clear that family-owned business has become more common than ever. While this type of company is advocated by many people, there still exist many limitations.
There are certain benefits of running a business within the family. First, since family-run firms are operated by family members such as spouses or relatives, they would have absolute ownership and control over the company. As a result, family takes full responsibility of all important decisions such as strategies, payrolls, human resources, etc. without the interference of any outside parties. In addition, family businesses also have greater sense of commitment and accountability than non-family ones. This is because the former is built from the trust and close-knit relationship between family members, thus they are likely to stay together in any circumstances, especially during the non-profitable stage.
However, there are some negative aspects that should be taken into consideration. The major disadvantage is that family-owned companies might sabotage family relationships. For example, the younger generation in the family might tend to take more risks or invest in new companies, whereas the older just want to play safe and focus on traditional firms, leading to a quarrel or even an avoidable family estrangement. Moreover, the working environment of family-run firms is more likely to be unfair to non-family employees. In other words, the efforts of those people might not be recognized properly even if they perform exceptionally well, which results in apathetic, unenthusiastic and disengaged staff.
In conclusion, there are both merits and demerits of family businesses. One should carefully consider these points before choosing a suitable business type.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2021-10-26 | hiennguyen2212 | 89 | view |
| 2021-01-29 | lakshayaman | 61 | view |
| 2021-01-25 | ajit brar | 73 | view |
| 2021-01-23 | ajit brar | 78 | view |
| 2018-07-10 | DatTran | 87 | view |
Grammar and spelling errors:
Line 2, column 410, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...nce of any outside parties. In addition, family businesses also have greater sens...
^^
Transition Words or Phrases used:
also, first, however, if, moreover, so, still, thus, well, whereas, while, for example, in addition, in conclusion, such as, as a result, in other words
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 : 9.0 10.4138276553 86% => OK
Relative clauses : 4.0 7.30460921844 55% => More relative clauses wanted.
Pronoun: 11.0 24.0651302605 46% => OK
Preposition: 35.0 41.998997996 83% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 1488.0 1615.20841683 92% => OK
No of words: 264.0 315.596192385 84% => More content wanted.
Chars per words: 5.63636363636 5.12529762239 110% => OK
Fourth root words length: 4.03089032464 4.20363070211 96% => OK
Word Length SD: 3.09387854984 2.80592935109 110% => OK
Unique words: 178.0 176.041082164 101% => OK
Unique words percentage: 0.674242424242 0.561755894193 120% => OK
syllable_count: 485.1 506.74238477 96% => OK
avg_syllables_per_word: 1.8 1.60771543086 112% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 15.0 16.0721442886 93% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 54.6719509641 49.4020404114 111% => OK
Chars per sentence: 99.2 106.682146367 93% => OK
Words per sentence: 17.6 20.7667163134 85% => OK
Discourse Markers: 10.1333333333 7.06120827912 144% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => 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: 0.34544462016 0.244688304435 141% => OK
Sentence topic coherence: 0.112339589576 0.084324248473 133% => OK
Sentence topic coherence SD: 0.0868634117745 0.0667982634062 130% => OK
Paragraph topic coherence: 0.178939146681 0.151304729494 118% => OK
Paragraph topic coherence SD: 0.0681500942487 0.056905535591 120% => OK
Essay readability:
automated_readability_index: 13.9 13.0946893788 106% => OK
flesch_reading_ease: 37.3 50.2224549098 74% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 12.3 11.3001002004 109% => OK
coleman_liau_index: 15.14 12.4159519038 122% => OK
dale_chall_readability_score: 9.62 8.58950901804 112% => OK
difficult_words: 86.0 78.4519038076 110% => OK
linsear_write_formula: 7.5 9.78957915832 77% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
---------------------
Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 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.