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?

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