Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

Many individuals nowadays prefer to
work
for themselves rather than being employed in an organization. The main reason behind
this
preference is the freedom which
people
get by working independently.
However
, I believe
this
phenomenon has both merits and demerits and one has to
very
Add a missing verb
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careful before taking
such
a decision.
To begin
with self-employment merits, entrepreneurship is greatly encouraged with lots of business seminars and workshops advertised. Generally, any information on setting up a company is easily accessible for those who are willing, as being a business person, the image itself has a feeling of luxury, respectability, and success. An entrepreneur gets
a
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multiple sources of income
,
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if he chooses to invest in different projects and can easily become wealthier
as
Change preposition
than
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a
Correct article usage
apply
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Steve Jobs. Another benefit of being self-employed, you can be your own boss and can
work
remotely with
a
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apply
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flexible hours.
However
, there are several drawbacks to
this
. To start with, there is no guarantee that a self-employed person will earn enough to live a comfortable life. 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. Another disadvantage is that many self-employed
people
work
day and night and do not get time to spend with their family and friends.
Thus
, it creates an imbalance in their
work
and personal life.
Moreover
, a huge difference can be seen in their daily routine which affects their health adversely. To recapitulate, working for oneself is definitely beneficial for young
people
because it enables them to
work
on their own terms;
however
, there are drawbacks
such
as the lack of a guaranteed paycheck that need to be considered before choosing to be an entrepreneur.
Submitted by shraddhakasturi on

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