Nowadays many people choose to be self employed, rather than to work for a organization.What might this be the case? What could be the disadvantages of being self employed.

Entrepreneurship is common nowadays, especially in a country like India. Some people choose to become self-employed

instead

of working for a company.

This

essay will discuss the situation, why people think to become an entrepreneur and what consequences they will have to suffer. There are several cases due to which people decide either to open their own task or do any freelancing.

Firstly

, some job prefers to work overseas to earn more money so that they can come to their native place and build their own employment.

For instance

, In India there are lots of people who work in foreign countries like Dubai, USA, to make more amount in stronger currency and after that they can for their country to establish their own startups.

Secondly

, Many freelancers prefer to be self employed because of a maximum number of clients. They are earning well enough money so they can make a lucrative career as an individual - employed.

For example

, many web-portals like Up Work, Freelancer give equal opportunity to everyone to earn profit. Due to these websites freelancer's

field

Suggestion

fields

proliferate these days.

However

, there are various negative effects to be an entrepreneur.

Such

as, Being along managing person you have to manage everything in the initial phase like from Financial department to Management department.

Additionally

,

business

Suggestion

the business

also

has to face some financial crises because

initially

we can only do investment without thinking about profit. In conclusion, If a person has enough amount of funding and proper management

then

self-employment is a better option for lucrative businesses.