Some people say that self-employment is better than a job in a company or an institution. Discuss your opinion and give reasons to support your answer.

It is perceived by a large section of people that self-employment is a much better way of earning one’s livelihood than being employed at an institution. I agree with

this

ideology to some extent, as there are certain benefits that could be derived from one’s entrepreneurship.

Nevertheless

, it may not always be advisable to be self-employed as it is

also

considered to be a risky venture.

To begin

with, a self-employed person works autonomously and enjoys freedom from servitude; while a salaried employee toils away under his contractual terms. As the sole owner of his business, he revels in reaping profits from his operations and

also

takes pride in being the sole decision maker.

Furthermore

, flexible working hours and unplanned leaves are all privileges availed only by a self-employed individual.

Such

a concern

also

allows one, creative liberty which results in better productivity.

Nevertheless

, being self-employed is subject to speculation and involves a great risk of loss which is to be borne by the owner alone.

Also

self-employment doesn’t entitle one, to paid leaves and fixed income.

For instance

, a salaried man can rely on a fixed

paycheck

at the end of the month, irrespective of the profit earned or losses incurred by the organisation, which is more than can be said for a self-employed individual. To conclude -the notion that self-employment is better than working for an institution remains ever debatable with both having their challenging pros and cons. But selecting a particular course of action among the two eventually depends on personal preferences and suitability.