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?

Although

today's younger generation

are

Change the verb form

is

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proud to be employed with prestigious corporates,

however

, there are many who prefer to start their own

business

,

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apply

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or run the family

business

.

This

is mainly because of the necessity to be control-free, and

also

owing to the freedom one has to take decisions

accordingly

. There are a number of drawbacks associated with running a local

business

which will be discussed

further

.

Firstly

, the reason why many people turn towards starting their own

business

is due to the fact that it gives them a sense of immense freedom and satisfaction.

In other words

, they are free to adjust the

work

schedules and cover can be found more easily, and

also

business

objective and target-related decisions can be taken based on the people involved. In a family-owned

business

,

for instance

, decisions will be made to benefit the entire family.

Secondly

, directors and managers who are family members will

work

harder, be more dedicated, and the

work

atmosphere will be more relaxed and target-oriented.

As a result

, the targets will be reached efficiently in fast track and a sense of complete satisfaction might arise. One significant disadvantage of being self-employed is that there will be no access to corporate-subsidised benefits.

For example

, all the employees of a corporate firm might have a certain percentage of discount for a gym facility, which may be required to be renewed every year or so. In fact, some offers have coverage for the whole family. Another negative point to consider is that in a family-owned

business

there is a chance for the ideas to become stale and fresh-perspectives might be difficult to find. These two points may be overcome if one chooses to

work

in a corporate environment. In conclusion, a self-owned

business

might not have the lucrative corporate offers and other attractive deals that the corporates can afford to offer to their employees but it does give them a sense of self-satisfaction.