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?

The employment desires of

people

have been changed.

Consequently

, the majority have of

people

have chosen self-employment over salaried jobs. In my view,

this

trend will reduce the number of job seekers in the market.

Although

,

this

option beneficial

people

with considerable

freedom

and a higher profit, even with the significant risk and responsibilities. The increasing number of self-employment will limit the experienced and qualified job applicants in the market.

Therefore

, companies will be unable to achieve the expected profit margins with those lower-skilled employees.

For instance

, WSO2, a software company, had to fill their product manager position only from 3 applicants. I believe being a self- entrepreneur will facilitate

people

with more

freedom

and higher

profits

. After initiating your own income source, you will be your own boss.

Thus

, you can manage your work life and personal life more efficiently, and

this

will create more

freedom

to make your own decisions.

In addition

,

this

will result in you earning

profits

rather than a regulated salary.

In contrast

, by contributing a significant effort, you can rise up your income. My husband is a freelance creative designer and he earns twice as much as my monthly salary, even with more leaves.

On the other hand

, high risk and unlimited responsibilities are the two main drawbacks of being self-employed. You always have to bear the losses as well as the

profits

.

Moreover

, you have to tolerate the impact which could be occurred due to a sudden crisis situation, like a COVID pandemic or a heart attack. For example, my uncle lost his garment business due to an unexpected blood clot inside his brain. In conclusion, the trend of being self-employed has increased within the recent past. In my opinion,

this

will negatively influence the companies by reducing the number of job seekers in the community.

Nevertheless

,

people

will acquire more

freedom

and higher

profits

by self-employment, even with the high risks and responsibilities.