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Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

#now-a-days #people #work #company #be #case
An increasing number of youngsters choose to start their own business these days
instead
 of working for other people.
Moreover
, a wide range of reputed and successful businessmen is
also
 in-support of these young entrepreneurs and they help these young-ones financially.
However
, I believe
this
 phenomenon has both merits and demerits and one has to very careful before taking
such
 a decision. There are many reasons behind the rise /increase in the number of start-up companies.
To begin
 with, people face difficulty acquiring a
job
 of their preference / liking in the highly competitive market. Individuals who want to
job
 in an esteemed organization or a well paid
job
 needs to possess high academic qualification degrees or years of
work
 experience.
Such
 requirements already disqualify a large section of
job
 hunters.
Next
, a few people desire to become rich in shorter-period. To illustrate
this
, a business can earn a person a hefty sum of money overnight as all the profit goes to the pocket of the owner.
However
, there are several drawbacks to
this
. To start with, there is no guarantee that a self employed person will earn enough to live a comfortable life. When people
work
 for a company, they have the assurance of a guaranteed pay check at the end of the month;
however
, when they
work
 for themselves
this
 guarantee is missing. Another disadvantage is that many self employed people
work
 day and night and do not get time to spend with their family and friends.
Thus
, it creates an imbalance in their
work
 and personal life.
Moreover
, a huge difference can be seen in their daily routine which affects their health adversely. To recapitulate, working for oneself is definitely beneficial for young people because it enables them to
work
 on their own terms;
however
, there are drawbacks
such
 as the lack of a guaranteed pay check that need to be considered before choosing to be an entrepreneur.
Submitted by basitshah.uiitdev on

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