Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?
Nowadays, many people are opting to start a
business
of their own instead
of being employed in a firm. There are many factors contributing to this
mindset which will be highlighted in the essay along with the disadvantages of being self employed
.
As more and more countries are encouraging entrepreneurs, various decisions have been taken to ease the process of starting a new Add a hyphen
self-employed
business
. For instance
, the availability of funds to
a good idea or Change preposition
for
business
plan is abundant, be it bank loans, venture capitalists. Morevoer
, the procedures for setting up a new industry have been made a lot easier and transparent. Correct your spelling
Moreover
This
encouragement from several governments and investors is boosting young minds to implement a great business
plan and start a new venture. In
addition
there are many existing employees who are tired of doing a monotonous job for years and want to pursue their passion which is motivating them to explore new Add a comma
,addition
business
oppurtunities
. Correct your spelling
opportunities
For instance
, people who have a hobby or passion for music or dance can now think of pursuing it as a business
model as there are various profit making
Add a hyphen
profit-making
opputinities
in almost every field.
Correct your spelling
opportunities
However
, there are several disadvantages related to opening a new venture. For example
, a job can gaurantee
a fixed salary while generating income out of a fresh Correct your spelling
guarantee
business
can take a few years, sometimes even more. Morevoer
, the Correct your spelling
Moreover
work life
balance a job can provide cannot be dreamt of in a new Add a hyphen
work-life
business
. Sometimes if the idea or plan doesnt
Correct your spelling
doesn't
workout
, it can create a huge financial or emotional instability which can be too tough to cope up with.
In conclusion, Correct your spelling
work out
although
, due to certain measures taken for ease of doing business
, people prefer to start up their own company, yet, several risks or problems have to be accounted for before opening up a new enterprise.Submitted by g.aviral91 on
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