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 advantages and disadvantages of being self-employed?

#people #work #company #organisation #be #case

In recent years, thanks to the internet, more and more people have been able to pursue their ideas and start their own companies due to most tools and resources being available online.

Furthermore

, with more and more seminars about

business

coming to light, people are now being encouraged to start their own

company

and become financially independent.

This

essay will talk about the benefits and drawbacks of becoming self-employed. On one hand, when one is self-employed he is able to better adapt to changes in the market trend and pivot to a better idea.

For instance

, Nintendo which was a board game

company

in the earlier days decided to change its path and focus on electronics and gaming technology, and by doing so they have been able to attract more customers.

In contrast

, larger corporations are unable to do so because of their large size and limited freedom from stockholders.

Therefore

, it is clear that one advantage of being self-employed is that there is more freedom to change the course of the

company

based on market trends.

On the other hand

, the biggest drawback of creating your own start-up is managing finances. Most of the time, entrepreneurs have to make do with the limited cash flow and manage expenses

accordingly

. A survey conducted by the New York Times in 2020, claimed that 78% of startups fail because they are not able to maintain a positive cash flow and because of

this

their runway is shortened and they are forced to go out of

business

. Not only is poor financing a problem but

also

, many employees of startups get demotivated because they are unable to receive a proper salary and

hence

leave the

company

. In short, it is apparent that maintaining a proper flow of finances is essential for the functioning of the

company

and can lead to the rise and fall of the

business

. In conclusion, when a person creates his or her own

business

there are many benefits and challenges that come with it. After a thorough analysis on the subject, most can agree that the disadvantages of creating a

company

outweigh the advantages.

Submitted by srikanth923 on Mon Jul 19 2021

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9Linking words
meeting the goal of 7 or more
2Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

355 words

8.00

Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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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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 advantages and disadvantages of being self-employed?

Your opinion

Exposure to international media, such as films, TV and magazines, has an impact on the local culture. What do you think of these impacts? Do you think that the advantages of these impacts outweigh the disadvantages?

Today level of stress at the work place are increasing tremendously. What are the causes? what can the problem create?

In many countries, children are becoming overweight and unhealthy. Some people think that the government should have the responsibility. To what extent do you agree or disagree?

School Children should choose the subjects they study from a young age and stop doing subjects they find uninteresting.” How much do you agree with this opinion and why? Give reasons and examples to support your answer.