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

Presently, a majority of individuals are preferring to set up their own trade while very few are desiring to get employed under any firm.

This

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essay will discuss both the aspects;

firstly

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, benefits in engaging in own business and

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, the drawbacks of not getting employed.

To begin

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with, every human being wants to be the owner of a business

instead

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than work for an employer. Setting up own employment provides with huge benefits in terms of money, family-time, flexibility in working hours, freedom from employer’s work pressure and many more. Especially, to earn money and success within a short span of time.

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, a recent survey had been conducted which stated that around 70% of youth which had chosen to freelance are richer and more successful as that compared to rest who preferred for a paid position.

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, there are many risks that come along with being self-employed. An individual has to be prepared for the field fluctuations in the journey of making money by means of self-earning. The most important point is the uncertainty of the income which can either be profit or loss. Apart from

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, there are many other cons

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as the high requirement of funds for investment, setting up infrastructure, huge spending on promotions and marketing and mental stress. A good illustration of

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, one of my colleagues was bankrupt because of failure in repayment of the loan he took for his own startup of manufacturing ash bricks and

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facing many legal issues

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. To summarize, there are not only plus points of being self-employed but

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it comes with a large interest of risks and concerns.

This

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essay highlighted some of the causes prevailing in the society for self-employment along with its demerits.