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?

Undoubtedly, a new generation has profound beliefs of becoming entrepreneurs,

instead

of being

a

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an

employee of any organisation.

although

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Although

, it has some disadvantages, but they want to do it like in

this

way for some reasons, which has been described in appending paragraphs. The two main factors are responsible of becoming self-employed,

firstly

, freedom is there in becoming your own boss, which means, we have our own flexibility of timing to build up our own empire. For an instance, founder and CEO of OYO, have his own convenience of setting up an empire in his college time, he used to manage both of them.

secondly

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Secondly

, payrolls in a job are defined at some extent. Whereas, self employed, a person is privileged with

,

Accept space

,

to multiply his income sources. To illustrate, Mukesh Ambani

have

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has

a plethora of income sources, whereas his employees are being set on wages. Moving towards cons, planning out your own business, needs to equip with the right tools and mindset, self-employed ones are having a different perspective, which is not a everyone's cup of tea.

moreover

in addition

Moreover

, it requires hard rock beliefs and will for the establishment.

Nevertheless

, numerous people are failed number of times.

however

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However

, employed ones have their security of getting their earnings and not worried about their expenses. In a nutshell, every aspect has some merits and de-merits,

similarly

this

has too, but there is a need of as many as startups in a country to rise up its economy.