Nowadays many people choose to be self employed, rather than to work for a company or a organisation. Why might this be the case? What could be the disadvantages of being self-employed?
Free-lancing is a popular
work
pattern observed in the present era among many citizens. It is mainly because of inadequate job availability and stringent working hours. There are a few disadvantages of owning a business Use synonyms
such
as economic instabilities and huge financial burden. Linking Words
This
essay will elaborate on the same in the upcoming paragraphs.
Prominently, the reason for preferring self-employment over working for the industry is Linking Words
lack
of suitable employment. Correct article usage
the lack
In other words
, many developing nations Linking Words
such
as India, are not able to give jobs to their citizens because of economic recessions. Resultantly, citizens are choosing to open their own start-ups for their better survival. Another reason for setting own business is that people nowadays want flexible Linking Words
work
timings so that they can spend more time with family and on leisure activities. Most of the organisations have strict rules and 8 hours working time compulsory for the employees. Use synonyms
In addition
to that, frequent leaves are not allowed. Linking Words
Hence
, people choose to have their own set up of Linking Words
work
where they could enjoy the time as per the need and could do hard Use synonyms
work
to earn as well. To exemplify, my neighbour Kamal, left a 9 to 5 marketing job and set up his own travel agency.
One of the crucial disadvantages of self-employment is financial instability. The income generated is not stable. Use synonyms
Moreover
, it depends on various market trends. Linking Words
This
instability may make a person suffer from huge losses during some period in a year. To illustrate, because of the lock-down Linking Words
last
year, my sister Pinkey's garment shop was closed and she went into debt.The Linking Words
second
disadvantage is that setting up a business requires an abundance of money. People take a bank loan to set up their own ventures and may become vulnerable to the financial crisis. Linking Words
For example
, Mr sing, my neighbour is going through a huge financial burden as he is forced to repay the bank in the form of monthly instalments.
In conclusion, the reasons like job shortage and desire for Linking Words
work
-life balance are worth to become self-employed. Use synonyms
However
, one may suffer from stress because of bank loans and irregular income.Linking Words
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Answer the 'Advantages and Disadvantages' topic
IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.
Answer structure for the type of essay
- Introduction
- Body paragraph 1 – advantages
- Body paragraph 2 – disadvantages
- Conclusion
Examples to start your body paragraph:
- The main advantage is...
- The disadvantage of this...
- The main benefit...
- Despite these advantages...
- One possible drawback...