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?

Over the
last
few decades, there has been a significant development in the way of earning money.
however
the majority of people choose to be an entrepreneur rather than working in an organisation.
This
essay will discuss the actual causes of
such
a change and drawbacks of being self-employed. People prefer to start their own
business
rather
than
Replace the word
then
show examples
being an employer.self
business
is the only way to decide by themselves about work-related issues.
This
is primarily because they are the owner of the
company
and they are only responsible for any decisions to be taken in a
company
.
Furthermore
, there is no pressure on arriving in the office at the regular time. My friend, for instances, worked for ten years as a system analyser. He could never take an important decision and was mistreated
finally
started a new venture and gained while profit.
Consequently
, after being illtreated, they would prefer to be self-employed.
Thus
it is evident that people choose to be an entrepreneur rather than regular work.
However
, there are plethoras of disadvantages of being self-employed. The profit and loss of the
company
have to be handled alone.
This
is mainly because the owner of the
company
has to bear the loss whatever the circumstances. Sometimes
such
a venture can make them bankrupt.
Moreover
, some of the critical decisions taken might be wrong, which might have a detrimental effect on
business
.
As a result
, it will make them emotionally down, and it would
also
affect the
company
.
For instance
, my
company
once was bankrupt due to massive loss at the initial stage of starting a
company
. Without any doubt, creating a new
business
does have several disadvantages. In conclusion,
although
there are disadvantages of being self-employed, people should be promoted to start a new
business
which can be beneficial to them in taking self-decision and becoming a responsible person.
Submitted by sheema.anoob on

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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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