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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It is true that most people decide to
work
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for themselves
instead
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of being employed. There are several reasons contributing to
this
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trend,
besides
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the risks
need
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that need
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to be taken into consideration. Probably the main reason for being self-employed is feeling disengaged with
work
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or employer, so they become a freelancer to have creative freedom and independence.
Therefore
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, they can make the decisions for everything including their
work
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environment, what they
work
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on,... As a consequence, they do not necessarily need to be working nine to fine or have to spend time on dull, tedious projects,...
Secondly
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, in many types of
work
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, there is the potential to make more money by going solo because everything is in their hands, so they can take on more
work
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at various times of day, and financially, the sky's the limit.
In addition
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, they
also
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do not have to pay them any employee benefits like annual leave, sick pay,... similar to a company or organisation. The option to become a sole trader
also
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has many drawbacks and the main risk is uncertain workflow. Without a regular monthly paycheck coming in, finances fluctuate wildly
especially
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,especially
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in the early days.
Therefore
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, they only earn the money to support life, when the clients need them.
Secondly
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, they have to do all their
work
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without external support,
thus
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the
work
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can be harder. If there is insufficient motivation to complete a project on time, chase new jobs or old debts,... business success may be slow.
Furthermore
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, they
also
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have to carry out all business functions including financial management or IT support,... not only does
this
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require extra skills,
the time to handle all areas is
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but the time to handle all areas is also
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pure expenditure. In conclusion, there are numerous causes of being self-employed, but it is
also
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a daunting prospect with many obstacles.
Submitted by hnphu79 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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