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.