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?

A large number of folks are preferring to do their own business

instead

of doing a job for other organisations. They like to

work

for their own growth and get the freedom of

time

.

This

essay will elaborate on the reasons behind

this

choice along with the merits and demerits of self-employment. The

first

and foremost reason for

this

shift is

time

-bound at a job. The employee has to

work

for minimum hours at a specific

time

. The 9 to 5 jobs do not let them plan their personal or progressive plans as per their convenience.

For instance

, I have to study at midnight for my university exam due to my hectic schedule in the daytime.

In addition

, self-employed people can

work

for their own passion and get their satisfaction. They do not have to

work

on a project in which they are not interested. Apart from

this

, they could build dynamic sources of income in their free

time

.

For instance

, a web designer can start his own blog website and earn from that too.

However

, self-employment is always full of challenges especially including the Risk of money, which can be declined at any

time

with pre-indication. The covid-19 lockdown is one of the prime challenges to being a freelancer. Everything had shut down suddenly. Many professionals get a chance to

work

from home ,but business holders were stuck between expenses and risks. They bore expenses for the long term

such

as building rents, employees' salaries and all. In conclusion, financial and timing freedoms are major behind the trend of self-employed rather than get the job.

Although

, it has a risk of capital.