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?

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