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?

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As the world progress,
people
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tend to prefer
self-employment
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instead
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of working for some institution or an organisation.
This
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essay will discuss the root cause of
this
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change in trend and
also
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ponder over the cons of being self-employed. The predominant cause for
people
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switching to
self-employment
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is
people
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are getting influenced by rich and successful entrepreneurs.
In addition
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to
this
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, they think there is more money and freedom in doing business.
For instance
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, many youngsters are dopping out from colleges to be an entrepreneur after getting persuaded by benefits of
self-employment
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like freedom and more money.
Besides
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, exceptions are always there, some individuals want to generate employment for the country so
that is
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why they tend to choose business over jobs.
Thus
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, these are the main reasons for the change in trend. Despite having many advantages like wealth and freedom, there are some demerits
also
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.
First
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and foremost, the risk factor is high as the time and money are involved of
people
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and success is not certain, so
this
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can be exaggerating. To exemplify, many young ones commit suicide after facing failure in their startups.
Moreover
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, entrepreneurship adds more responsibility as a person is directly involved with the customers.
Also
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, many
people
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face anxiety and depression in
this
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stream.
Therefore
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, there are various demerits in opting for
self-employment
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. To conclude,
people
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choosing
self-employment
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is not bad at all, but a person has to be more practical while opting for
this
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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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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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