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

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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

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, with more and more seminars about

business

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

company

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and become financially independent.

This

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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

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, Nintendo which was a board game

company

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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

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

Therefore

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

company

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based on market trends.

On the other hand

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, 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

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. 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

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

business

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. Not only is poor financing a problem but

also

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

hence

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leave the

company

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

company

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and can lead to the rise and fall of the

business

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

business

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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

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outweigh the advantages.

Submitted by srikanth923 on Mon Jul 19 2021

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Your opinion

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If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

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...do you agree or disagree?...do you think...?...your opinion...?

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

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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

4 paragraphs

355 words

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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

Some people believe that to protect local culture, tourism should be banned in some areas whereas others think that change is inevitable and banning tourism will have no benefits. Discuss both sides and give your opinion.

Ordinary people try to copy famous personalities by seeing them on TV or reading about them in the newspapers. What is the reason for this? Is it a good idea to copy famous personalities?

The plans below show the site of an airport now and how it will look after redevelopment next year. Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

There is too much noise in many public places in cities. What are the causes of this problem? What can be done to solve the problem?

Human activity has had a negative impact on plants and animals around the world. Some people think that this cannot be changed, while others believe actions can be taken to bring about a change.