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

of people today are opting to start their own companies

instead

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

of self-employed

is related

Suggestion

relates

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

this

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

show has launched a

number

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

this

show: not only has it turned specific dreams into

realities but

Accept comma addition

realities, but

it

also

encourages viewers in general to be more ambitious and has

therefore

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.

For example

, in recent years a

number

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

this

industry.

However

, 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

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

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

this

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