Nowadays many people choose to be self-employed, rather than to work for a company or organization. Why might this be case? What could be disadvantages of being self-employed?

It is a common trend in the modern era that society

are

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is

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more prone to

self-employment

rather than working for some of the firms or an organization.

This

phenomenon is mainly because of the increase in the

number

of graduates, compared to the quality jobs available which can give an honourable lifestyle.

Although

self-employment

has its own advantage like less mental tension and more financial independence, it

also

has many disadvantages, and

job

security is the predominant one among all. As said earlier increase in the

number

of professionals who can't find

a

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suitable work is the main cause of youngsters turning into

self-employment

. The fact that most college graduates try for a decent profession through campus interviews or through other placement mechanisms but sadly many won't be able to pass the stringent criteria’s but by the companies and organization. The overcrowding we are witnessing at the campus interview sites are examples of the case that almost every young crowd wanted a well-paid

job

and,

eventually

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,eventually

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they are turning into small or large scale businesses when they are not able to achieve it. When more

number

of people are getting the education and degrees without any actual inclination to the subject they are studying, becoming a self-employee is the only option for them for their bread and butter. Even though

self-employment

is giving financial freedom and existence to the majority of people, it has its own drawbacks and lack of

job

security is one among them. The financial market in today's globalized world is so fluctuating and running a business by itself is a real challenge. The world has witnessed the closure of many small scale businesses during the COVID-19 pandemic and

this

example clearly outline the risk associated with

self-employment

. On the other ,hand if you are working for a good organization or for a corporate, their risk mitigation plans will give

job

security to some extent. The modern world is witnessing exponential growth in

self-employment

and it has many effects on our society. With the obvious increase in the

number

of graduates and professionals ,

self-employment

will give financial independence even though it is less secure.