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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In today's world, more and more people are choosing to work as a freelancer rather than in an organisation.
Firstly
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,
this
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essay will discuss why might
this
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be a case and,
secondly
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, it will analyse a possible drawback of
this
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tendency.
To begin
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with, on the one hand, the major reasons for
this
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development are likely to be the freedom of choice and the ability not to share your earnings with the organisation.
This
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is because of the fact that not only do self-employed workers can make any decisions that they consider right but,
furthermore
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, they receive full payment for their job since any company does not take its interest.
Therefore
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, due to
such
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an approach humans have an opportunity to become more independent and even improve their real income.
For example
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, recent research has shown that about 30% of the population of Ukraine are self-employed.
However
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,
on the other hand
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,
this
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trend has its demerits like the lack of finance and the difficulty to find clients and loyal customers.
This
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is due to the fact that not only will not bank be interested in a freelancer's application for an additional money but,
moreover
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, it might be extremely complicated for an independent worker to form a strong customer base.
As a result
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, if there is a lack of finance and no potential customers, profits will be low and a person is likely to start borrowing money.
For instance
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, one study has illustrated that about 20% of those who have chosen to be freelancers have returned to a work in a company. Eventually, to conclude, the larger reason why self-employment has become so popular is that it gives a worker freedom in decision-making and he does not need to give a part of his income to the company. Despite
this
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fact, there could be disadvantages
such
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as difficulty in finding clients and a source of finance.
Submitted by veronika-glinka 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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