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?

The current tendency shows, that being self-employed is more preferable for
individuals
than working in
companies
.
This
essay will elaborate on some reasons for
this
tendency and discuss some drawbacks of it. Self-employment gives humans more opportunities to realize their ambitions and dreams. For
this
reason,
individuals
prefer it
instead
of working in
companies
. Some aspects increase their popularity among people.
Firstly
, should be pointed out that, modern technologies can provide better occasions for small
businesses
, which increase their popularity.
For instance
, currently, businessmen do not have to go to another country to buy supplies, they can do all of it online.
Consequently
, these processes do not take much time and money,
therefore
, owners do not have to employ big staff and save more money.
Secondly
, information about successful
business
examples is widely spread by the internet and other sources, which inspire more and more people to open their own
business
.
However
, in some cases, self-employment cannot be successful.
Hence
, every success in small
business
depends on staff members' knowledge and abilities, because in small
companies
the number of staff members is limited and every worker can significantly influence on
companies
' financial result.
For instance
, 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
well or were lazy,
this
could lead to negative financial consequences.
This
is one of the frequent reasons why
businesses
do not achieve positive financial results. According to research, only every 3d self-employed person can achieve success. Most
individuals
have to close their
businesses
in 1-3 years after they are opened.
Thus
, 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
can be successful in modern circumstances, so that, its popularity is growing among citizens.
However
,
this
success cannot be guaranteed and
individuals
should research all pros and cons of doing these
businesses
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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