Nowadays many people choose to be self-employed, rather than work for a company or organization. Why might this be the case? What could be disadvantages of being self-employed?

In the contemporary times, an increasing number of people prefer to

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for themselves

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of working for any firm because of potential income and lifestyle that self-employment provides. Though, self-employed people find significant benefits of working independently, other masses often see more advantages in working in an organization.

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essay will shed light on reasons why people choose to be self-employed along with its drawbacks which workers can have. The primary reasons for self-employment can be creative thoughts and capability to

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independently without supervision. Several talented people want to implement their brilliant ideas for their business and gain revenues.

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, they don’t have to wait for appraisals and promotions along with earning greater than those who employed in any company.

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to these, as they are not monitored by any manager, they are liberated to choose their working hours, holidays and other plans.

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, a numerous people

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as freelancers or embarked their startups. Despite the above assertions, there are few risks in self-employment which cannot be ignored. From a financial perspective, while working for someone, one will get a certain salary every month without any delay.

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, companies provide several perks to their full-time employees

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as medical insurance, paid leave, sick leaves, and pension schemes, which are not available for the self-employed. Others factor can be mental health, as working for themselves can cause stress and anxiety.

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, a research shows that self-employed people have a higher level of stress than those who

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as full-time and find difficulty in maintaining their

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life. To conclude,

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more and more people are becoming freelancers to choose

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flexibility and other benefits. On the flip-side, these people will not have occupation guarantee and income security in long terms.

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, can face financial difficulties during hard times.