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?

Most contemporary economies allow
such
a model of employment as being self-employed, which appears very tempting for many.
However
, still the vast majority of people opt for being employed in a
company
and not to set up their own trade.
this
Suggestion
This
essay will attempt to look into the key factors as to why people may prefer entrepreneur ship and major drawbacks to it. To start with, in many modern societies, including Russian, entrepreneur ship is greatly encouraged with lots of business seminars and workshops advertised. These may range from slightly fraudulent to genuinely educational and supportive, and generally any information on setting up a
company
is easily accessible for those who are willing. And willing they are, as being a business person, the image itself has a certain feel of luxury, respectability and success. People are being told that they have no limits and can easily become as wealthy as Steve Jobs if they wish it.
This
first
reason is linked to the
second
, which is relevant to Russia and some other countries. Bank loans are acceptable too, and they are largely eagerly granted. If a future business person truly knows their work, it poses no threat.
Nevertheless
, easy access to setting up a
company
for someone inexperienced or insensible may cause a range of problems. Apparently, the
first
issue that may perplex an unskilled entrepreneur is the necessity to be a jack of all trades (if the
company
is very small). Having taken the responsibilities of an accountant, PR or HR manager at the same time can be a burden and make the person wish they had never done it at all. If they hire other people to perform these tasks, they must pay more tax and provide their employees with decent working conditions. At the same time, trade is usually a risky matter and in our competitive reality many of them go bankrupt. And
last
, but not least-self-employed people are the only people responsible for their own vacations, sickness or maternity leaves or any job perks. So, in a nutshell, being your own master has many downsides,
that is
why many people decide to play it safe.
Submitted by nvamsi030 on

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