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 the contemporary era,

instead

of working for a company,

individuals

prefer to work for themselves.

Firstly

,

this

essay would discuss the reasons for

this

trend.

Secondly

, it would elaborate

the

Change preposition

on the

show examples

demerits that could arise if a

person

opens up their own business. Since

individuals

enjoy the freedom of working on their own projects.

Thus

, people prefer self-employment rather than working for someone else. If a

person

is working on a personal assignment,

then

he or she could set up a deadline for the project as per their schedule.

This

means that they do not need to report the progress to a team lead as they would normally do while working for a company. They just need to communicate with their client.

As a result

, people tend to open up their own business.

For instance

, according to a recent survey held in India, which is a country situated in Asia, the younger generation finds it fascinating if they open up their own company. On the downside, there are certain demerits of self-employment. Since there is no guarantee that a

person

would receive a project on their own.

Hence

, there is no assured income that they would receive at the end of the month.

This

means that the remuneration that a

person

would acquire in a month would depend upon the projects that they complete in

this

time period.

Consequently

, If

individuals

do not have any projects of their own,

then

they would be forced to dissolve their enterprise due to the financial crisis.

For example

, according to the government of Canada, which is a country situated in North America, forty per cent of startups fail in their

first

year because they do not have adequate clients. To conclude,

this

essay discussed that people prefer to be self-employed because they cherish the freedom that they obtain while working on a personal assignment.

Further

, it discussed that

individuals

would suffer financially if they do not have enough work to sustain their enterprise.