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 ?

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There has been changing in
working
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the working
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culture among
people
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nowadays and
people
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are choosing more to
self-employment
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instead
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of working for some company or organisation .There are certainly many reasons for
this
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change which will be discussed
further
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in detail. Change in the mindset of
people
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for prioritising
self-employment
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has raised due to technological advancements. With digitalisation new opportunities have risen like digital marketing, travelling and making vlogs about travel which were not able few decades back .
Also
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, technology has changed how certain work was done in the past ,
for example
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: transport . With new machines ,
people
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like to buy their own trucks
instead
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of working as a driver because now maintenance is easy as well as easily available as compared to 20 years ago. The way of doing payments
also
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changed the employment scenario . With more digital credit availability ,
people
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are more Independent and can easily set up their own small businesses.With the digitalisation of finance ,it is more accessible and
thus
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helped
people
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to become self-employed. With the advent of more
self-employment
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,
people
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are more independent but ,
,
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apply
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obviously
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,obviously
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there are certain repercussions
also
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. One of the disadvantages of being self-employed is that if you are not able to work for a certain period of time ,you have a higher chance of losing your money .
Also
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, during losses it directly impacts the person who owns a certain business and may lead to financial instability . With
self-employment
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,comes greater responsibility like paying salaries of employees ,maintaining records ,analysing finances and planning for future opportunities as markets and demands of products changes with time and if the product is not according to markets needs ,business or products may fail . It is obvious that many
people
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are choosing
self-employment
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over working for a company or organisation
although
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few points should be kept in mind to ensure stability .
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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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