Nowadays more 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 disadvantages of being self-employed?

The employment rates are changing dramatically over the whole world. The major reason for
such
a situation is
self-employment
.
This
essay will cover the reasons and the cons of
self-employment
. On the one hand, I will explain what are the reasons for
self-employment
.
Firstly
, The main reason for
self-employment
would be an unsatisfactory job. A vast number of
people
are facing the issue because the
work
assigned to them is not like what they dreamed of.
For example
, if a software developer was handled a task to test some code. Neither the developer will like the
work
nor it is respectful to assign
such
task to the technical person.
In addition
, some
people
will be having a financial problem with the firm.
For instance
, Bad incentives or bonuses or increments.
On the other hand
, there is a humongous number of demerits for
such
an ideology. A person will have to take all the burdens of the
work
on his own and at the initial stage, it is tough to survive because, despite experience in the particular
work
, the person lacks in self-employed
work
yet.
For instance
, the
people
working in an organization, will not have the managing or leadership skills.
Furthermore
, the self-employed
people
struggle at investing phase when plenty amount of the money is used to start the
work
. They will have to take big loans or borrow money from relatives or the banks to initiate the
work
. In conclusion, the rate of
self-employment
is increasing due to various reasons but, there are some major disadvantages feasible to overcome.
Submitted by jainishshah0124 on

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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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