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?

A progressing

number

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of the general populace is opting to start their own

companies

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instead

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of working for a company mainly because of increased support for young entrepreneurs. In my opinion, the primary drawbacks of not having an employer are lack of expertise and its overall effect on

businesses

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. On the one hand, the

number

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of self-employed is related to young entrepreneurs and has its origin in widespread angel investment across a variety of industries. One well-known example of

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can be seen on the popular show "Shark Tank", where a panel of investors and executives of investment firms hear product pitches and compete to acquire stakes in budding entrepreneurs'

businesses

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.

This

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show has launched a

number

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of successful products, which has led to a trickle-down effect from the show. Not only has it turned specific dreams into realities, but it

also

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encourages viewers

in general

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, in general,

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to be more ambitious and has

therefore

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been one of the main catalysts for the frenzy of self-run business in recent years. There are undoubtedly positives to all these start-up

companies

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, but I would argue that the overall impact is negative because it results in numerous poorly run

businesses

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. As an illustration, recently a dozen of ride-sharing apps including Uber, Grab, Go-Viet, and countless others have sprung up. The established

companies

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have managed to provide a functioning app with high-quality service to meet the growing demands of

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industry.

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, the vast majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers. It would be better for the people starting these derivative

businesses

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to either work in

companies

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, gain valuable experience, look for gaps in the market and

then

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develop worthy competitions or be content to have a steady job in a well-established corporation that they do not own. In conclusion, the rising

number

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of self-run

companies

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has led to a cult of overconfidence. If more people were satisfied working for others rather than pursuing unrealisable ambitions,

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would be likely to better consumer products across the board as well as increased national economic prosperity.