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?

As the world progress,

people

tend to prefer

self-employment

instead

of working for some institution or an organisation.

This

essay will discuss the root cause of

this

change in trend and

also

ponder over the cons of being self-employed. The predominant cause for

people

switching to

self-employment

is

people

are getting influenced by rich and successful entrepreneurs.

In addition

to

this

, they think there is more money and freedom in doing business.

For instance

, many youngsters are dopping out from colleges to be an entrepreneur after getting persuaded by benefits of

self-employment

like freedom and more money.

Besides

, exceptions are always there, some individuals want to generate employment for the country so

that is

why they tend to choose business over jobs.

Thus

, these are the main reasons for the change in trend. Despite having many advantages like wealth and freedom, there are some demerits

also

.

First

and foremost, the risk factor is high as the time and money are involved of

people

and success is not certain, so

this

can be exaggerating. To exemplify, many young ones commit suicide after facing failure in their startups.

Moreover

, entrepreneurship adds more responsibility as a person is directly involved with the customers.

Also

, many

people

face anxiety and depression in

this

stream.

Therefore

, there are various demerits in opting for

self-employment

. To conclude,

people

choosing

self-employment

is not bad at all, but a person has to be more practical while opting for

this

as he or she should know about the pros and cons of entrepreneurship and a person has to stand strong throughout the journey to avoid any bad decision.