nowadays many people choose to be self-employed rather than to work for a company. why might be this case? what could be the disadvantage of being self-employed? give your reasons for answer

More and more persons prefer to become entrepreneurs and work for themselves

instead

of seeking jobs in other companies. In my opinion, the two major factors which motivate individuals to set up their own

business

are independence of working and the scope of higher

income

.

However self-employed

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However, self-employed

persons are

also

exposed to risks and might not have an unstable financial situation. A self-employed

person

enjoys the freedom of taking decisions and working according to his own terms and conditions. Many employees often feel that they are being exploited by their employers and are not satisfied with their working conditions. Because of

this

frustration, individuals prefer to work for themselves.

Moreover

, an entrepreneur is not limited

to his

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to, his

salary but

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salary, but

can

also

derive

income

in terms of profit from his

business

. A

person

working for himself would try to maximise profit so that his

business

would prosper.

On the other hand

an employee should contend himself to a fixed and predetermined

salary

. Because of a rise in the number of

graduate

Suggestion

graduates

,

jobseekers

Suggestion

job seekers

the

salary

level has decreased for many jobs.

Hence to

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Hence, to

enjoy the liberty of working and to aspire for better prospective of

income

many persons are becoming self-employed.

However setting up a

Suggestion

However, setting up a

small

business

for oneself involves many challenges and difficulties. A self-employed

person

could face several risks associated

to

Suggestion

with

uncertainties. The economical situation could influence the smooth running of small enterprises. Entrepreneurs would often be having to deal with other uncertainties

such

bad weather or unsold goods or services

whic

interrogative pronoun, used both substantively and adjectivally, and in direct and indirect questions, to ask for, or refer to, an individual person or thing among several of a class

which

could impact negatively on their businesses.

Futhermore

in addition

Furthermore

, whilst an employee gets a fixed

salary

at the end of the month, a self-employed

person

would depend on customers or on the amount of goods sold to determine his monthly

income

.

For instance

, the monthly revenue would fluctuate and

hence

cause a

distatibility

in the

finance

Suggestion

financial

situation of the

person

. To conclude, many people are now opting for self-enterprises

instead

of working for others to enjoy their independence and to get a better

income

.

However they

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However, they

should be aware that being self-employed consists of handling risks and has fluctuating revenues.