It is a common aspiration between many young people to run their own business rather than work for an employer. Do you think the advantages of working for yourself outweigh the drawbacks?
Being an entrepreneur is an ability to run a
business
with successful strategy implementations and bringing profits to the organisation. It has become a dream for many individuals to run a Use synonyms
business
themselves Use synonyms
instead
of employing a company. There are considerable merits and some demerits of Linking Words
this
decision, which will be discussed in Linking Words
this
essay coming forth paragraphs. I will provide supporting reasons and examples to back up why advantages are higher than disadvantages.
Owning a Linking Words
business
Use synonyms
first
in place has two demerits to consider at a high level. It needs strategic planning in all perspectives of Linking Words
business
like funding, operations, profitability and returns on investment to start a Use synonyms
business
, Use synonyms
otherwise
, might incur a large number of financial losses to the owner. It was evident that 28% of businesses newly emerged in the Linking Words
last
two years are closed without running for more than a year as per the latest Indian economical statistics. Adding to Linking Words
this
, it increases insurmountable stress on the founder of the organisation to withstand Linking Words
this
competitive market, which is not in the case of an employee. Linking Words
This
leads to major health problems like blood pressure and heart attacks at times.
Keeping the drawbacks aside, there are two important benefits of being an entrepreneur in society. It gives greater visibility on the market needs, Linking Words
consequently
, increases the decision making capability to arrive at the unique selling point for the organisation with the previous failure experiences that an individual has learnt. McDonald's founder, Linking Words
for instance
, has failed 68 times in his life to get success Linking Words
finally
at the age of 62. Exponential financial benefits can be assured if the invented idea has a uniqueness, which cannot be achieved by an employee in his lifetime. An out of box idea like establishing the simplest messaging platform, Linking Words
for example
, Whatsapp has made Mark Zuckerburg one of the world's richest businessman.
In conclusion, it's a dream for many individuals to run an organization rather than work under an employer. Linking Words
This
has certain disadvantages, Linking Words
however
, in the form of increased stress and incurring financial losses if it fails, but the merits of being a founder of a company with a vision to succeed and earning money outweighs the drawbacks.Linking Words
Submitted by eshwar10882 on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.