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 disadvantages of being self-employed?

Some
people
opt to start their own
business
,
instead
of working for someone else.
People
who have start-up businesses are those who like to challenge themselves.
However
, the downside of
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a start-up
the start-up
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start-up
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is that they might not have a regular income. Ambitious
people
prefer taking on an adventurous journey rather than being a salaryman. They often want to try something new
that is
not yet available in the market.
Although
being self-employ does not guarantee a regular income, they would have great job satisfaction which is one of the crucial aspects to keep the
business
going.
For instance
, my brother proposed an idea to his company but his idea was rejected, as the company felt that it would not make any profit.
However
, as he believed that his idea would greatly benefit
people
and would be profitable in the market, he established his own
business
. The pitfall of a start-up
business
is that
,
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they might not earn on a regular basis.
This
could be bad especially if the entrepreneur does not have a strong financial background and yet, needs to support the family. Even though
this
could seem like a small pain point,
this
could actually lead to mishaps.
For example
, a friend of mine decided to start a company using a bank loan. Unfortunately, his
business
did not do well and he struggled to pay back the bank loan. He was too stressed to the extent that he shed a few pounds within a few weeks. In conclusion, more and more
people
, especially the motivated, young
people
, are setting off to have their own companies.
However
, they should keep in mind some negative aspects of immature businesses,
such
as not getting a regular profit for a long period, so that they can be mentally prepared for
such
events.
Submitted by Wai on

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Topic Vocabulary:
  • self-employed
  • company
  • organization
  • freedom
  • independence
  • income potential
  • flexibility
  • working hours
  • working location
  • passions
  • interests
  • decision-making
  • business practices
  • disadvantages
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