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

Many individuals nowadays prefer to work for themselves rather than being employed in an organisation. The main reason behind

this

preference is the freedom which people get by working independently. Though there are advantages to working for oneself, the main disadvantage is that there is no guaranteed pay check at the end of the month. The

first

and foremost reason that encourages people to opt for

self

employment is the liberty and freedom that comes along with it.

That is

to say, if an individual is working in an organisation

then

they will be bound by the rules and regulations of the company and probably have a boss to dictate terms to them. Some people do not like

this

concept and like to work according to their own ways.

For instance

, if an individual is employed in the army

then

he is bound by their rules and regulations. He would have to follow the dress code, meal plans as well as timings. Not everyone appreciates being bound by the rules that someone else has made. The major disadvantage of being

self

employed is that it requires a great deal of

self

discipline to succeed. As the person is not dependent or answerable to anyone when working for himself, it becomes very easy to skip deadlines.

Furthermore

, on skipping deadlines or missing the set targets there will be no one to bear the consequences except he himself. Another downside is the lack of a stable income. It takes years for a

self

-employed person to establish themselves in their field and until

then

there is no guarantee that they will earn enough to make a living. In conclusion, the need for liberty and freedom make people want to follow the path of

self

employment, but they may fail if they deviate from the set targets due to lack of discipline.