Nowadays people prefer to be self employed rather than working for a company or organisations what are the disadvantages of being self employed discuss the both the view and give your opinion

In the times of

contemporary era

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the contemporary era

, employment is a major factor. Now-a-days, many people choose to be

self

employed rather than working for a company.

This

is due to a variety of reasons which

i

refers to the speaker or writer

I

would like to describe in

this

essay. I strongly believe that there are many pros to being

self

employed than be an employer for an organisation. The major reason for being

self

employed is the very tough job competition that exists in the market in these modern times. Nearly Everyone is highly educated,

this

leads to saturation in the job market. There are only a limited number of jobs

available but

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available, but

candidates for that particular job title are increasing day by day. They demand more work,

more number

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number

of hours in very little salary possible.

Also

, the fear of being

fierd

having lost your job

fired

lingers in the subconscious of every worker in a company. It

also

leads to ailments

such

as anxiety and stress because of the pressure to meet deadlines for assignments, projects and meeting targets.

Other

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Another

reason for opting not to work for companies is the fixed 9-5 schedule.

Plethora

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A plethora

of people

find

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finds

it irritable and frustrating because the companies aren’t flexible enough.

This

causes people to spend less quality time to spend with their families and friends. They have to work under constant pressure from their superiors and if they don’t meet the

demands

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demands, then

then

they

have suffer

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have suffered

humiliation from their seniors.

Therefore

, many people are now turning towards starting their own small business leaving their 9-5 jobs. Small businesses

such

as arts and handicraft industries, small scale food industries are encouraged by the governments of many countries. They provide certain policies and loans which benefits these businesses.

However

, there are

also

a few disadvantages to it.

Firstly

,

its

it is

it's

very difficult to come up with start-up ideas and filling a patent for it is

also

not an easy task.

Plus it

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Plus, it

demands huge initial investment which might be a major issue for many people. There is always a risk of business not meeting the expected standards which might incur huge losses.

Thus risks

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Thus, risks

are high in

start-ups

the act of setting in operation

startups

startups'

startup's

. Here

i

refers to the speaker or writer

I

would like to conclude by saying that

inspite

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in spite

of a few disadvantages of

self

employment, people prefer it because it gives them a sense of freedom and makes them financially independent as opposed to working under stress and pressure for an organisation or an international company.