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?

In

this

modern era, humans believe in generating employment rather than being employed. People choose to have their own

business

for umpteen reasons

such

as independence of work. It has multifarious benefits and drawbacks for the making but

this

essay will elucidate the cons of

this

approach and the possible reasons for being self-employed . To embark upon, nowadays a growing interest has been observed in the idea of being your own boss.

Moreover

, humans are advancing towards greater independence at their workplace because by doing so they gain greater control over their life and are,

therefore

, free to make their independent choices.

For example

, according to a survey conducted at the University of Mexico 80 per cent of the students choose to be entherprauners because they want to have flexible working hours.

Hence

, The idea is gaining momentum amongst youth.

Consequently

, people choosing to have their own

business

might be putting their careers at high risk.

Although

there are benefits associated with

this

procedure, there are

also

multifarious drawbacks,

such

as unreliability and natural disasters, which might affect the

business

adversely.

For instance

, in 2019 due to the Covid-19 pandemic almost all businesses, irrespective of their size, were impacted and shut down.

Furthermore

,

business

is always associated with unreliability. The reason being, there might be times of boom and boon during which the

business

might either flourish or sink. To state an example, out of all the startups every year only 2 per cent are successful.

Thus

, being an

entherprauner

Correct your spelling

either Rauner

comes with a lot of risks. In conclusion,

This

essay discussed the possible reasons for people to move towards being self-employed and the disadvantages associated with it. In my opinion, being employed gives you a reliable source of income but one must be ready to work hard.