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

It is an irrefutable fact that over the

last

few years people have become more inclined to entrepreneurship than working for other establishments. In

this

essay, I am going to highlight the cause of

this

evolving trend and discuss the shortcoming

entrepreneurism

Suggestion

Entrepreneurism

The main reason people are choosing to become self-employed is because it is becoming easier to set up company nowadays.

This

is due to the growing number of workshop programs that encourages an entrepreneurial spirit as a way to financial freedom.

This

advocacy has grown in popularity, and it has become even more convincing as there are

attestable

Capable of being tested or proved

testable

successes of

this

method in small and medium scale enterprises.

Furthermore

, wider access to the Internet has provided a path to easily reach global marketplaces and allow individually owned companies to compete with bigger players in any industry.

As a result

, if small business owners (entrepreneurs) work independently, they will maximize their profit

On the other hand

, there are drawbacks of starting a personal business establishment. One important one is that self-employed people may face financial difficulties as they are in competition with wealthier organizations who have funds to meander difficult financial obstacles easily than they do.

For example

, it is an expensive journey to start a construction company individually as mega-companies like Julius Berger are more willing to pay labourers higher wages than you might offer.

Therefore

, many personal businesses fail to make profits and might collapse under the weight of their larger competitors over a long period of time. In a similar vein, the experiences of the large enterprises

also

count for them in landing heftier contracts. The portfolios of these companies make

this

possible since they have been tested To recapitulate,

although

there is a growing trend of people becoming their own employers due to the widening encouragement and the availability of the Internet, there

also

disadvantages to

this

movement

such

as the financial instabilities that come with it. My prediction is that

this

trend will continue in the future