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

An increasing number of youngsters choose to start their own business these days
of working for other people.
, a wide range of reputed and successful businessmen is
in-support of these young entrepreneurs and they help these young-ones financially.
, I believe
phenomenon has both merits and demerits and one has to very careful before taking
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
in an esteemed organization or a well paid job needs to possess high academic qualification degrees or years of
requirements already disqualify a large section of job hunters.
, a few people desire to become rich in shorter-period. To illustrate
, a business can earn a person a hefty sum of money overnight as all the profit goes to the pocket of the owner.
, there are several drawbacks to
. To start with, there is no guarantee that a self employed person will earn enough to live a comfortable life. When people
for a company, they have the assurance of a guaranteed pay check at the end of the month;
, when they
for themselves
guarantee is missing. Another disadvantage is that many self employed people
day and night and do not get time to spend with their family and friends.
, it creates an imbalance in their
and personal life.
, 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
on their own terms;
, there are drawbacks
as the lack of a guaranteed pay check that need to be considered before choosing to be an entrepreneur.
Submitted by ammarmahkhedr2019 on

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Topic Vocabulary:
  • self-employed
  • company
  • organization
  • freedom
  • independence
  • income potential
  • flexibility
  • working hours
  • working location
  • passions
  • interests
  • decision-making
  • business practices
  • disadvantages
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