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

In Today’s world, many individuals tend to run their own business
instead
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of being employed in an organization. From my perspective, there are multiple causes for
this
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and some drawbacks would arise when it comes to self-employment. On the one hand, several reasons make people motivated to become self-employed.
Firstly
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,
job
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seekers are more ambitious than before and face difficulties in acquiring a
job
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of their preference.
Besides
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, in
this
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highly competitive
job
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market, well-paid jobs
need high
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need, high
academic qualifications
in addition
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to working experiences.
Therefore
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,
such
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requirements disqualify a large section of
job
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-hunters.
Secondly
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, the advent of the internet has opened up all sorts of possibilities for people to create wealth for themselves.
For instance
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, a freelancer could easily set up a website or social media profile to work.
Finally
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, being self-employed brings many privileged aspects to individuals. Since they are not regulated by any procedures, they can meet their professional and personal requirements and have the freedom to execute new ideas which in turn result in better long-term career prospects.
On the other hand
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, Self-employment is a fantastic lifestyle choice but a huge responsibility. It has the potential to generate certain problems for business owners. The biggest downside is the risk of venturing out on your own. Due to the lack of resources, self-employed individuals need a considerable amount of funds.
Also
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, freelancers may face financial fail to make a profit, resulting in less financial stability.
Furthermore
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,
this
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sort of employment lacks the security of a traditional
job
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. There is no
fixed regular
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fixed, regular
monthly pay, pension plans, health insurance and it involves a great deal of effort as well as self-discipline to succeed. To conclude, people who choose to run their startup because of the reasons mentioned should be aware of that of financial uncertainty and
also
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the intensive workload needed.

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