nowadays, many people choose to be self-employed, rather than 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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The current tendency shows, that being self-employed is more preferable for
individuals
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than working in
companies
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.
This
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essay will elaborate on some reasons for
this
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tendency and discuss some drawbacks of it. Self-employment gives humans more opportunities to realize their ambitions and dreams. For
this
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reason,
individuals
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prefer it
instead
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of working in
companies
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. Some aspects increase their popularity among people.
Firstly
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, should be pointed out that, modern technologies can provide better occasions for small
businesses
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, which increase their popularity.
For instance
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, currently, businessmen do not have to go to another country to buy supplies, they can do all of it online.
Consequently
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, these processes do not take much time and money,
therefore
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, owners do not have to employ big staff and save more money.
Secondly
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, information about successful
business
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examples is widely spread by the internet and other sources, which inspire more and more people to open their own
business
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.
However
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, in some cases, self-employment cannot be successful.
Hence
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, every success in small
business
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depends on staff members' knowledge and abilities, because in small
companies
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the number of staff members is limited and every worker can significantly influence on
companies
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' financial result.
For instance
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, if some workers were laborious and knew their job well, a company could achieve positive financial results in a short time. Meanwhile, if workers did not know the
business
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well or were lazy,
this
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could lead to negative financial consequences.
This
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is one of the frequent reasons why
businesses
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do not achieve positive financial results. According to research, only every 3d self-employed person can achieve success. Most
individuals
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have to close their
businesses
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in 1-3 years after they are opened.
Thus
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, without government support, the situations like that can increase the unemployment rate and decrease the social prosperity level in a country. In conclusion, self-employment
individuals
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can be successful in modern circumstances, so that, its popularity is growing among citizens.
However
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,
this
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success cannot be guaranteed and
individuals
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should research all pros and cons of doing these
businesses
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before opening them.
Submitted by ospanovaalma7 on

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Topic Vocabulary:
  • self-employed
  • company
  • organization
  • freedom
  • independence
  • income potential
  • flexibility
  • working hours
  • working location
  • passions
  • interests
  • decision-making
  • business practices
  • disadvantages
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