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 advantages and disadvantages of being self-employed?

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Nowadays, a plethora of individuals
prefers
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prefer
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to begin
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their own
business
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instead
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of being employed in a company. A chunk of individuals opines that before starting on
business
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a person must have basic skills that can only acquire by working as an employee whilst others are sceptical about it. I;
however
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believe that it has both merits and demerits that I will discuss in forthcoming paragraphs.
To begin
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with, there are numerous reasons behind the rising trend of startups.
Firstly
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, youngsters wanted to work in an esteemed organisation, there are numerous perks working in these
companies
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such
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as higher salaries or free healthcare services and many more benefits.
However
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, it is very difficult to Secure a job in big
companies
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as there is tough competition because everyone wants to work in these
companies
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.
Moreover
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, these
companies
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give priority to academic qualifications while hiring as a consequence , a lot of youngsters are filtered out due to lack of education.
In addition
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, many folks want to get rich quick
therefore
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they start their own businesses .
For instance
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, not only the
business
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owner has the huge risk of losing his investment but
also
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he gets to keep enormous profit if a particularly innovative product or idea worked.
On the other hand
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, as a successful entrepreneur, one needs to have in-depth knowledge of the market and years of working experience. Poorly made choices are not only detrimental to the brand value but
also
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business
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goes bankrupt due to failed speculations.
Moreover
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, being self-employed is a full-time job, a person himself has to manage all his tasks during the initial years of his new
business
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.
Therefore
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, as a consequence ,the CEO finds less time to spend with his family or friends. To conclude, I believe that in recent years the rising trend of start-ups is due to fierce competition between youngsters or desire to acquire a vast fortune in less time.
However
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, without proper experience or bad choices can result in any
business
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failure.
Submitted by Vipan bro on

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Linking words for giving examples:

  • for example
  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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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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