Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed?

An increasing

number

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of people today are opting to start their own companies

instead

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of working for a company mainly because of the increased support for young entrepreneurs. In my opinion, the main disadvantages of not having an employer are lack of expertise and its overall effect on businesses. The

number

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of self-employed

is related

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relates

to young entrepreneurs and has its origin in widespread angel investment across a variety of industries. One well-known example of

this

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can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.

This

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show has launched a

number

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of successful products by securing initial funding, which has led to a trickle down effect from

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show: not only has it turned specific dreams into

realities but

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realities, but

it

also

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encourages viewers in general to be more ambitious and has

therefore

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been one of the main catalysts for the frenzy of self-run businesses popping up in recent years. Though there are undoubtedly positives to all these start-up companies, I think that the overall impact is negative because it results in many poorly run businesses.

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, in recent years a

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of ride-sharing

apps including

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apps, including

Uber, Grab, Lyft, Be, Go-Viet and countless others have sprung up. The established companies provide a functioning app with high-quality service to meet the growing demands of

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industry.

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, the majority of small

start-ups

the act of setting in operation

startups

find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers. It would be better for the people starting these derivative businesses to either work in companies, gain valuable experience, look for gaps in the market, and

then

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develop develop worthy competitors or simply be content to have a good job in a good company that they do not own. In conclusion, I feel that the rising

number

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of new companies has led to a cult of overconfidence. If more people were satisfied working for others rather than pursuing unrealisable ambitions,

this

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would likely lead to better consumer products across the board as well as increased national economic prosperity.