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

Today, the vast majority of people are opting to start their own business

instead

of working for other companies. In my opinion, economic freedom could be a key factor why people may prefer entrepreneurship and the main disadvantage could be lack of experience and its effect on business. A range of underlying motivation should be considered while individuals choose to be an entrepreneur. They might be excited and enthusiastic about going on self-employed.

Also

, they could be attracted by perceived benefits

such

as independence and wealth. Their preference for being their own boss, not follow other’s order and working on their desire condition could be a satisfactory reason for people’s tendency toward

self-employment

.

Furthermore

, the difference between earning in paid and self-employed exerts a powerful influence upon the employment decision. They might be motivated by the expected income and its profit in

self-employment

which they can earn more money.

Therefore

, they can have a potential opportunity for wider economic and independence to provide financial reward which improves their quality of life and social benefits. While most people are aware of the benefits of being self-employed, there are some drawbacks and challenges associated with being an entrepreneur as well. In the initial stage, a great number of investments are needed for buying equipment, advertising, marketing, research, and development.

Also

, there

are

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is

a compulsive

competitor

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competitive

companies

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company

in the market; that can cause

self-employment

income

apparently go

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to apparently go

swing and be at risk of falling income and possibly bankruptcy.

In addition

, an entrepreneur is in charge of pension, insurance and the wages and

also

bears all the responsibility not only to one’s own

life but

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life, but

also

to their clients and

labors

a social class comprising those who do manual labor or work for wages

labours

labels

lovers

;

thus

they are forced to work hard, particularly under difficult circumstances.

At

Suggestion

As

last self-employed

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last, self-employed

people are the only who is responsible for everything in their career. To conclude, Individuals appear to be more likely to view

self-employment

in positive terms, offering independence and financial reward. In order to achieve their goals, they should be aware of its drawbacks

such

as bankruptcy and their responsibility.