With advancements in technology and networking in today's generation, individuals are more driven towards opening their own businesses rather than working under a corporation. Especially, after the COVID, the percentage of entrepreneurs has increased because people are inspired by the massive success of certain individuals who have built their own organizations. However, it also comes with drawbacks too, such as huge loss in investment due to lack of information, and experience. This essay will discuss several factors related to cones of being a self-employee.