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

of being employed in an organization. From my perspective, there are multiple causes for

this

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

,

job

seekers are more ambitious than before and face difficulties in acquiring a

job

of their preference.

Besides

, in

this

highly competitive

job

market, well-paid jobs

need high

Accept comma addition

need, high

academic qualifications

in addition

to working experiences.

Therefore

,

such

requirements disqualify a large section of

job

-hunters.

Secondly

, the advent of the internet has opened up all sorts of possibilities for people to create wealth for themselves.

For instance

, a freelancer could easily set up a website or social media profile to work.

Finally

, 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

, 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

, freelancers may face financial fail to make a profit, resulting in less financial stability.

Furthermore

,

this

sort of employment lacks the security of a traditional

job

. There is no

fixed regular

Accept comma addition

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

the intensive workload needed.