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?

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Some
people
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opt to start their own
business
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,
instead
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of working for someone else.
People
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who have start-up businesses are those who like to challenge themselves.
However
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, the downside of
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a start-up
the start-up
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start-up
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start-ups
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is that they might not have a regular income. Ambitious
people
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prefer taking on an adventurous journey rather than being a salaryman. They often want to try something new
that is
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not yet available in the market.
Although
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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
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going.
For instance
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, 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
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, as he believed that his idea would greatly benefit
people
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and would be profitable in the market, he established his own
business
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. The pitfall of a start-up
business
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is that
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they might not earn on a regular basis.
This
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could be bad especially if the entrepreneur does not have a strong financial background and yet, needs to support the family. Even though
this
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could seem like a small pain point,
this
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could actually lead to mishaps.
For example
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, a friend of mine decided to start a company using a bank loan. Unfortunately, his
business
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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
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, especially the motivated, young
people
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, are setting off to have their own companies.
However
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, they should keep in mind some negative aspects of immature businesses,
such
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as not getting a regular profit for a long period, so that they can be mentally prepared for
such
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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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