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?

Instead

of working for a big company or an organization, many

people

prefer to be self-employed. There are many reasons why they prefer

this

;

however

, it comes with some disadvantages. Today a lot of

people

choose to be self-employed because it gives them a sense of independence and dignity. There is no one to give orders and boss around which is quite common in a corporation as they are

hell bent

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on meeting the targets set by their boards. Meanwhile, in a self-employed job, the targets can be more realistic and humane.

Firstly

, the working hours can be flexible and altered whenever required.

This

reduces the work stress and

also

permits the person to spend more quality time with their loved ones.

Secondly

, they can take holidays or a day off whenever they want which is the biggest incentive of being self-employed.

Secondly

, the profits increase as they do not have to share the revenue with anyone.

Furthermore

, the tax breaks for small businesses are very helpful.

Although

being self-employed has its perks, there are quite a few drawbacks. Self-employed businesses are usually small or medium scale and sometimes they do not have insurance.

This

makes the business risky in case of an unforeseen event like a pandemic, natural calamity or market fluctuation. Unlike in a big company, there are very few

people

to help navigate through difficult situations, especially if some legal problems occur. Doing everything oneself can turn out to be challenging.

For example

, if a doctor runs his own hospital he will have to look after the day to day functioning of the hospital

in addition

to treating patients.

This

can not only be stressful for him but

also

compromise the quality of services he provides.

Furthermore

, it becomes difficult to find

well qualified

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staff due to the limited resources that the small businesses have.

Lastly

, one can miss out on an opportunity to work on a

life changing

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project like sending a rocket to Mars as these projects are often taken up by big organizations. To conclude, I feel that many

people

choose to be self-employed these days to have a better

work life

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balance and enjoy more time with their family and friends. Though it can be quite rewarding, it definitely has some disadvantages and obstacles.