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?

In recent years, the global has dramatically changed in many aspects, especially the traditional industries, the way of working, and human beliefs. The belief in each

generation

has been transformed to align with the world's changes, especially the millennials

generation

. Nowadays, many

people

decide to be self-employed, rather than being an employee in any organisation.

This

essay will explain why society might be the case and the drawbacks of being self-employed, described in various supporting reasons.

Firstly

, when

youngers

have a new innovative idea, they explore and build it up by themselves, starting from zero. To be self-employed gives freedom of thought rather than working in the company.

For example

, inhabitants were accustomed to waiting for a

taxi

at the

taxi

station in the past.

People

invented mobile applications

such

as Bolt, Grab

Taxi

;

however

,

people

can reserve a

taxi

by using mobile applications nowadays. Remarkably, citizens who invent explorations, research, and innovations bring new fantastic ideas to our world.

However

, the traditional organisations having

people

in the older

generation

, especially baby boomers, could not self-changes simultaneously.

Consequently

, the

youngers

decide to run their businesses and be self-employed with high competency to speed up and follow the technology's movement with freedom in thoughts and own business practices. Moving to the drawbacks of being self-employed, the

youngers

might not have professional experiences as

people

who work in the big corporate companies.

For instance

, an employee working in a large corporate company has valuable experiences with professional methodologies, learning management systems, and up-skilling practices and can coordinate with other departments, even outside the organisation.

Moreover

, career security could be at the highest risk because their new ideas might not hit the market and eventually fail. Unquestionably, the negative impact on their life is no financial stability. In conclusion, the thought of self-employed has come together with global change in traditional industries, and new

generation

thought. Most of the

youngers

have invented new beliefs to run their own business and be self-employed.

Nonetheless

,

this

viewpoint has several disadvantages, especially their valuable experiences in organisations, job security and financial steadiness.