In recent years, there has been a growing tendency towards self-employment all over the world. In this essay, I will analyze some main reasons for this trend, as well as examine its drawbacks. One of the reasons that could explain why more people are choosing to be self-employed nowadays is that most people believe that entrepreneurs are likely to have better income potential. It is true that traditionally employed workers usually receive fixed salaries for their positions while self-employed individuals can gain higher income upon the development of their business. Another possible reason is the flexibility of deciding when and where to work. People who are self-employed can have more chances to set their own working hours and have the freedom to choose their workplace. As they can have control over their time, they will have more chances to cultivate other skills which benefit their personal growth. On the other hand, self-employment brings about some negative aspects t...