Nowadays, many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case and what are its possible disadvantages?

In the contemporary world, self-employment is a new common trend.
People
prefer to establish their own
business
rather than work for any
company
and organisation. Many reasons are behind
this
scenario that has advantages and disadvantages. In
this
essay, I will discuss both points of view.
To begin
with,
people
start their own enterprises because of
such
reasons. Individualism is the maiden reason that attracts the populace
to begin
this
new notion.
Additionally
, they do not want to work under any superiors because individualism term supports freedom from everything.
Moreover
, the young generation has new innovative ideas which they do not want to share with any
company
because it is present thinking that youth is capable of anything with the support of big companies.
Therefore
,
people
choose self-employment rather than work under any organisation.
On the other hand
, there are a plethora of disadvantages to starting own
business
.
First
,
Firstly
, one might have to bear the overwhelming workload, undesirable outcomes or heavy responsibilities.
For example
, when a person works on a fixed salary in a
company
,
then
there is no headache for that employee, but if a person owns a
company
,
then
he has much fear like loss in income that sometimes makes a businessman bankrupt.
Moreover
,
business
rivalries are another issue.
Hence
, a self-employed individual has to face many difficulties. To conclude, even running own
business
has its own disadvantage but still,
people
prefer to do so. The modern era is full of new innovations and trends that impact both individuals and companies.
Submitted by Komalpreet on

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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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