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? Give reason for your answer and includes any relevant examples from your own knowledge or experience. Write at least 250 words.
There are many types of working available in
this
world which allows people
to select the appropriate job that suite with their study background. Commonly after graduated people
tend to work with a company. However
,in the current situation, people
like to self-employed compare than working as typical workers in a company or organization.
Recently most of the people
opted to run their own business
due to financial provided by the government. The received financial may help a junior entrepreneur to set up and purchase initial equipment for example
a computer and the cash machine. Moreover
, the introduction of industry 4.0 that require a business
to be online making the proses to start business
becomes easy. Besides
that, minimal job opportunities are among the reason why people
tend to be self-employed. Lesser job offers probably due to instability of the economy which lead to consequences that a company cannot hire new staff.
On the other hand
, there are several drawbacks to be a self-employed worker. Firstly
, we have to work hard in ensuring business
keep on running. For example
marketing strategies, financial management, products selection, and branding are the components need to be aligned together to assure the business
capable of making a profit. Secondly
, the possibility for the profit lost is higher due to incapability to manage financial smartly. In this
situation, people
who plan to have their own business
must equip their self with business
knowledge. For instance
, recently there are many online courses available across the countries which allow people
to learn about strategies to operate a business
.
To conclude, self-employed help the government to reduce the unemployed rate by offering jobs to people
. The financial support is given by the government increased the percentage of people
to have their own business
. However
, the shortfall of the running own business
must be taken into account to ensure they able to operate their business
wisely and making a profit.Submitted by afastars on
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