Nowadays, many people choose to be self-employed rather than to work for a company or organization. Why might this be this case? what could be the disadvantage of being self-employed.

In recent years, there is an increasing number of youngsters opt for starting their own business

instead

of working for other

people

.

This

essay will analyze some main reasons, as well as examine several drawbacks of

this

growing trend. There are some driving forces behind

this

phenomenon.

Firstly

, self-employment allows individuals to have flexible working time.

Instead

of following a strict schedule given by the company, entrepreneurs can organize personal plans as well as choose working hours and workplaces, which best suit their lifestyles and requirements.

Moreover

, better income potential had influenced

people

towards the startup. The job at a company would restrict the earning and development of a person to some extent.

Consequently

, many young professionals, who desire to become rich in a shorter period, are inclined to start their independent businesses.

However

, self-employment might introduce many hurdles to an individual.

To begin

with, the risk of losing money in trade is huge. If

people

do not have proper knowledge and experience, the chances of failing are high.

Thus

, when

people

work for a company, they have the assurance of a guaranteed paycheck at the end of the month;

however

, when they work for themselves

this

guarantee is missing.

As a result

, their source of income will not enough for them to live a comfortable life. Another disadvantage is that many self-employed

people

might have to work endlessly which cause detrimental effects to their health. In conclusion, entrepreneurship is beneficial to an individual as well as to domestic growth.

Therefore

, to achieve a flourishing professional career, one should have preventive plans to suppress the detrimental effects of self-employment over salaried jobs.

In addition

, the government should motivate

such

professionals with the formation of supportive policies.