nowadays many people choose to be self employed rather than to work for a company or organization. why might this be the case? what could be the disadvantage of being self employed?

For a long time being gainfully employed has always been the goal. recently being self-employed is the new thing among young individuals. There are many disadvantages of working for yourself especially, the high risk of failure and the amount of hard work involved.

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negative effect of entrepreneurship will be discussed.

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, research has shown that there is a high chance of failure for start-up businesses in the

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year.

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, statistics show that many new start-ups lack good enough experience to keep going and due to unforeseen circumstances they run at a loss.

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, is the most common reason for their fold up. In all,

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shows that becoming an entrepreneur is a big risk.

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, insufficient funding of these businesses is a major problem.

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, the continuous recession of the economy mostly in Africa has an increasing effect on new organizations that rely on agricultural products or importation of raw materials because they need money.

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, in these, regions there is the issue of laws and conditions that do not favour now companys.

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has led to a huge decrease in production and ultimately the end of many. As

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,

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shows that insufficient funding is an important enemy of small businesses. To conclude, having discussed the disadvantages of being self-employed. It has shown that there are many unfriendly factors that prevent the sustainability of entrepreneurship and by extension the ability to be your own boss.

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, I think these factors are very valid to continue to be self-employed.