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?

In
this
modern world, People started growing on their own by self-employment. Most of the people prefer to
work
in their homes or comfortable premises (Shops and service
centers
an area that is approximately central within some larger region
centres
) rather than working in Structured Organizations. I recommend to follow the Self-Employment option compared to
work
for a
company
, but before starting any Business, prior experience is must in order to get more success rate in Business. The main reason for starting own Business is to earn more profit. When working for a
company
, nearly two-
third
of wages will be taken by the management and the remaining amount will be given to the Employees. If people come to know about the Business processes involved in the organization, they on their own start the Businesses.
Also
, using modern technologies
such
as Social Media, Online Chatting and other internet facilities, People who engaged in Services
centers
an area that is approximately central within some larger region
centres
Centers
can approach customers directly.
For instance
, mobile phone, laptops and domestic utility repair services can be done at customer place and
thus
, it leads to Individual customer service business. The
second
main reason is freedom to
work
and flexibility in timings. In the case of working in a
company
, people have to come to the office on time,
work
as per orders from superiors and Promotion, salaries and other benefits are given based on Manager's recommendation. It may be
favored
preferred above all others and treated with partiality
favoured
for some employees and not for others, whereas in case of own shop, service
center
an area that is approximately central within some larger region
centre
, freelancer job, online tutoring and other individual or own Business, people feel free to
work
on their convenience and there are no policies, rules or regulations which are applicable in Corporate offices. The major drawback in the individual or own business is an investment.
Also
, more risk factors are involved in order to earn the investment back because of market situations and customers' minds.
However
, Many modern technologies
such
as the Internet, online Business, online tutoring and other freelancing jobs
supports
Suggestion
support
people in investing the least amount of money and risk when compared to olden days.
Thus
, Advanced technologies
favors
promote over another
favours
the survival of own Business or small level Business firms. To sum up, Though Individual Business or own Business has more risks when compared to working in a
company
, it is worth to invest money and time and so, People can earn in their maximum profits with prior experience at
work
. It
also
gives freedom to think and
work
, on their own and can avail flexible timings.
Submitted by MAHESH C on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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