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?

A large section of society has inclination towards starting up a business venture. People, in the modern times, like to be the employer rather than the employee.

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essay will state the reason of

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practice in the

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paragraph, and in the

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paragraph disadvantages will be mentioned along with the supporting examples. Nobody nowadays likes to be dominated and intimidated. As it is for a known fact believed that an employee is held accountable for the any sort of mishaps and delay in work.

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, there is a huge profit margin in owning an enterprise because the owners generally have a direct contact with the client.

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, the innovator of Microsoft Bill gates has successfully found his niche, and generating a million dollars quarterly.

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innumerable number of people desire to achieve the same level of success like other entrepreneurs. A startup in the beginning demands a colossal amount of investment for promising gains and stability in the market.

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to that, a person is less disciplined when there is no authority to control their actions.

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, there is no guarantee of lucrative outcome

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, head of the organisation in general do not follow the schedule which can hamper the monetary benefits. Without adequate resources and assistance it is insurmountable. Like, in

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few years plethora of firms go bankrupt and are bound to sell their liquid assets to cover the losses.

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, it is not an easy task to accomplish and comes with several risks. In a nutshell, it is advocated that one must try to establish a company considering the factors stated above. As it is easier said than done, the consequence of a failed operation must not be taken lightly.