IELTS Speaking | What do you think about family business?

What do you think about family business?

They are essential for the economy, as are all small business startups which hopefully grow into larger businesses. Some of the largest companies today started as family businesses, so it’s an important part of the economy and society in many countries. A small family business can grow over several generations to become a very large and successful organization.

There are also some families which work very well together and for them it’s maybe an ideal way to maintain themselves independently and provide security for their future also. In fact, job security may be one of the biggest benefits of working in a family business. It’s less likely that your boss will fire you if your boss is your father, mother or other family member.

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