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?

Entrepreneurship wave is increasing worldwide. More and more youngsters are likely to run/ initiate their own business

instead

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of being employed in a company. While there are several convincing reasons behind the growth of start-up companies, self-employment will bring some drawbacks as well. Two main reasons stimulate young entrepreneurs to be self-employed, take risks, and start their start-up based on their innovative idea.

First

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of all, they fulfil people's ambitious and creative potential. In a sense, some talented people may not find a satisfactory job. So they look for a gap in the market and decide to arrange a business. Especially with the advent of internet self-run businesses are becoming widespread/common among people,

for example

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, ride-sharing startups and food delivery websites gained a lot of global acceptance which satisfies both their funder's creativity and people's need. So a well-run business will provide the owner

more productivity

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most productivity

and

therefore

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more income.

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, It

also

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enhances a person's working characteristic both organizational and technical skills. The entrepreneurs should improve their interpersonal skills to communicate effectively with their employees and manage conflict between them. Despite all these reasons, one may opt to initiate a start-up company because there is a huge support for young entrepreneurs in terms of investment funds, providing co-working spaces, and some Expert mentors. Silicon Valley in the United States is still a great host

for

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of

leading-edge technological startups.

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, there are several disadvantages

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as financial risk and job pressure to self-employment.

Firstly

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, there is no guaranteed income that a self-employed person will earn to live an enjoyable life.

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, there would be no fringe benefits including health insurance, employer-paid vacation, and pension plans. Another disadvantage is that funders should endure huge responsibilities and challenges. It means that under intense pressure they might have to work day and night and do not have enough time to spend with their families.

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Thus it

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Thus, it

creates an imbalance in their work and personal life.

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, their work functionality might suffer from a lack of expertise and their offers. In conclusion, it seems to me that self-employment is increasing due to the financial aid and the sense of autonomy/independence that gives to a person.

However

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, some barriers and negative points of

this

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trend should not be ignored.