Nowadays many people choose to be self employed, rather than to work for a company or organisation. what could be the disadvantages of being self employed?

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Entrepreneurship is on the rise in
this
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modern world.
Hence
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, most of the office-worker are looking forward to changing the 9 to 5 shift schedule.
This
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new approach has its own pros and cons, but
this
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essay will cover the challenges of being an entrepreneur in
this
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competitive
market
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.
Firstly
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, there are numerous people who entered the
first
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time in a
market
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and have minimal knowledge or experience in
this
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domain.
Therefore
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, many of them are caught under the wrong guidance and lose wealth.
For example
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, a survey of failed start-ups has revealed that many of the business owners have a pale background in businesses.
Thus
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, lack of
market
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experience became the sole reason for the shut down of small businesses.
Secondly
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,
most
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a most
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entrepreneur starts with minimal funds to run their
company
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. Later, when their
company
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shows growth there is a need for desirable funds to support it.
For instance
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, Novice self-employed people visit numerous investors to fund their
company
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and are declined by all of the investors because of risk assessment.
Hence
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, some of the owners took a huge amount of
loan
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loans
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from various unknown sources.
As a result
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, they end up in a lump sum amount of debt. In conclusion, starting an individual's own
company
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instead
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of serving others sounds logical decision,
In contrast
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, one should take care of complex aspects of start-ups and true
market
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analysis is necessary.
Furthermore
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, entrepreneurship is not a piece of cake, which can be groomed easily, it involves stress and unexpected situation for which one should be prepared beforehand.
Submitted by kritikagehlot1998 on

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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...

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