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?

In
this
contemporary era, now individuals prefer to set up their own
business
rather than working as an employee. I think the main reason might be to work freely and to have a fame in employment profile,
however
it may have some demerits and I will elucidate my views in the subsequent fragments. It is ubiquitous that in
this
mad rat race life every person wishes to task without any stress and it is only possible if that person is an entrepreneur as these people can set their limits of work schedule and profit according to its own taste. What is more, people who are employers are respected by society a lot and they are
also
popular among politicians as well as among local people
,
Accept space
,
for instance
, Mukesh Ambani is one of the prominent personality in India and he is very popular among governmental authorities as well as among the dwellers of the country. So because of these two reasons people now want to have their own
business
.
However
, there are certain demerits, predominantly, the future in
business
life is uncertain, sometimes people gain so much profit that it took years to count money, but sometimes due to unforeseen circumstances
such
as natural calamities or
emergency
Suggestion
emerge
in
country
Suggestion
the country
, these industrialists become bankrupt
also
.
Secondly
, lack of funds for infrastructure of buildings or for providing salary package can
also
become one of the major
factor
Suggestion
factors
for collapsing of the
business
as employees prefer to trial efficiently only when they acquire high salary. To recapitulate, people these days want more fame and flex time work so
that is
why they prefer to have their own
business
however
, there are certain cons of it.
Submitted by m2s2391 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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