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

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Over the
last
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few decades, there has been a significant development in the prospect of choosing an organization. It is believed that the majority of the people select to open a new firm rather than regular official jobs.
This
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essay will possible reasons for
this
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approach and
also
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provide details of the drawbacks of their own
business
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. There are several reasons why people choose to become an entrepreneur. It is the best way to earn money themselves and take the decision regarding the
company
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by themselves. It's primarily because they are the boss of the
company
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in addition
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to that they can make the decision according to their wish.
Moreover
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, the huge profit that they earn from the
company
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can be utilized for their new launch of products which indirectly will be helpful for the growth of the
company
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. My colleague,
for instance
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, left the job for starting a new
venture
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.
Although
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he had few issues at the start of the
business
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, at the end of the day he made a huge profit.
Therefore
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it's eminent why people select their own
business
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.
On the other hand
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, there are plethoras of cons to becoming self-employed
that is
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sometimes it would be a failure.
This
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is predominantly, while they spend a huge amount to start a new
company
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, they never think about the problem related to failure.
furthermore
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they take a huge loan to make
this
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grand success.
Consequently
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, if the
company
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is in a big loss they can become bankrupt and can have an emotional imbalance.
For instance
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, My friend started a new
venture
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without any research and had to face a big loss. He had an emotional breakdown and now he is taking treatment in hospital.
Thus
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, it's precise to start a new
venture
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is not a simple task. In conclusion, Despite the detrimental drawback of becoming an entrepreneur, I believe that people should be encouraged to start a new
business
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to live independently and to earn their money themselves . The government should provide funds to help the people who are interested to start their own new
venture
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.
Submitted by sheema.anoob on

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

  • Introduction
  • Body paragraph 1 – advantages
  • Body paragraph 2 – disadvantages
  • Conclusion

Examples to start your body paragraph:

  • The main advantage is...
  • The disadvantage of this...
  • The main benefit...
  • Despite these advantages...
  • One possible drawback...

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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