Cam 14 - Test 4 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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Working has played a vital role in a person's life. Nowadays, a growing number of
people
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tend to have their own
business
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in
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for
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that different reasons. Without a doubt, there are several disadvantages to being self-employed.
This
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essay will explain the causes and the possible drawbacks of
this
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matter. As a matter of fact, running own
business
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has a wide range of reasons.
First
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of all, one important thing could be about the time. In fact, by being self-employed,
people
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can manage their time in favour of what they want. They may suppose that having a nine-to-five job can be tedious and frustrating. They should be stuck behind the desk the whole day if they work for somebody else as an employee.
Secondly
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and more importantly,
money
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is highly essential for everybody. Indeed, some
people
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do not have enough good opportunity and motivation so as to get a raise or promotion in working in other companies. In return, they are more likely to earn more
money
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if they work for themselves. Despite the possible advantages that being self-employed has, it might have disadvantages as well.
For instance
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,
people
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may face various issues for running their businesses.
Firstly
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, they need to have strong leadership skills. Running their own
business
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is not easy and they need to obtain qualifications or hold a degree in management or MBA if they want to be successful in their career. Another possible drawback would be that a sizeable amount of
money
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is needed in many cases in order to launch a
business
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.
Therefore
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, they may get a loan from a bank, and if they fail in
this
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way, they will go bankrupt. To sum up, time management and gaining more
money
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would be the reasons to choose to be self-employed.
In addition
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, being knowledgeable and knowing how to spend
money
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or earn
money
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is essential.
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