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.
Submitted by Kashish Bhatia on

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