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?

These days, there is an increasing inclination of

people

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towards self-employment

instead

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of being

staffs

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staff

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of certain companies or organizations.

This

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is

possibly

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possible

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because

the

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of the

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independence they can enjoy when working for themselves or the opportunities to earn more money.

However

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, there are certain drawbacks of

this

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option

such

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as working without any profit, more responsibilities and the risks of bankruptcy. The

first

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reason why there are a lot of individuals who choose to start their own

businesses

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rather than

working

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work

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for others is rooted in the fact that they probably have more freedom and independence. Anyone who is self-occupied may be under less pressure than those who have jobs in a

company

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due to flexible working hours, no deadlines and no conflicts with colleagues or seniors. That means these

people

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can decide when to

work

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and when to take a break, there is no boss who pressurizes them to be more productive and it is even true that there is no co-worker around that judges them. To illustrate,

a

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apply

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research carried out by Charles King on the level of pressure between a group working with their own

businesses

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and a group under the control of companies showed that independent workers experience less stress than the other group because of similar reasons. Another cause of

this

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trend is that many self-employees believe that they are able to make a more affluent source of income.

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all profits are possessed by them without any division and the more these

people

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expand their

businesses

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, the more income they yield. To cite an example, under the government of a

company

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or an organization, a person can possibly earn an average of 1000$ per month, but for self-employed

people

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, that sum of money can be multiplied to dozen thousands of dollars. There are three prime disadvantages of self-employment.

Firstly

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, the

risk takers

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risk-takers

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are prone to

financial

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the financial

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predicament

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predicaments

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. In fact, not many new entrepreneurs achieve success in the

first

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place and make a huge fortune immediately. Sometimes, they may just be able to earn a modest living or even

left

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be left

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without a penny in the

first

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few years. In

this

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case, their lack of experiences might be to blame for the problems and experiences can only be gained through failures and time.

Secondly

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, becoming the owners of their own enterprises means that more responsibilities are taken. They must make the right decisions for their

businesses

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and hire employees as well as manage their human resources. Other responsibilities include striking good relationships with customers and providers and

maintain

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maintaining

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them, caring for the benefits of the

people

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who

work

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for them or

collaborate

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collaborating

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with them.

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, anyone who chooses to

work

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for their own perhaps has not envisaged the fact that their business might go bankrupt. A dire consequence of an ineffective business is to sell your property to others to pay your debts and

this

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issue is exacerbated by an increasingly competitive market where there are more and more start-ups. The affair of Johnson Green in Washington D.C in 2019 is a good case in point. He used to be the CEO of a well-known commercial

company

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, but

then

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he

quitted

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quit

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his position in 2017 and started his own

company

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. After two years in the business, his family did not have the ability to return the enormous debt he had borrowed from the national bank and his

company

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went bankrupt. In conclusion, it is indisputable that new self-occupants can have great independent status and make more money when deciding to

work

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for themselves. And once they embark on their own

businesses

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, working without rewards for a certain period of time, being responsible for numerous things and facing the risk of being unable to pay their debts may be inevitable for them.