Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being sellf-employed?

These days most of the population who live in the world prefer to work for themselves

instead

of being employees in other companies or organizations. There are many reasons why

this

is the

case

. Multiple drawbacks can be seen for

this

trend.

Firstly

,one of the main reasons is the salaries in companies.

For example

,we all know people who are working in big brand names do not have enough

money

to spend

as a result

of the low salary that they receive.

Additionally

,there is no denying that all the time workers should wait for receiving their

money

from their managers.

This

is a persuasive reason why

this

is the

case

. Because of living in today's modern world human beings are required to have noteworthy

money

and they eventually decide to run their own

business

to cash in on.

Therefore

,

this

makes it clear why setting up a

business

plan is common and popular among many people around the globe.

Secondly

,

this

issue could create many drawbacks.

For instance

,to draw up a

business

plan people need

money

to invest in building the most significant structures

such

as their workplace. Needless to say ,most of them have to take out a loan from the bank and there is no denying that banks habitually have rules that most of the population can not accept.

This

could create a dire situation to get into debt and lose

money

. Another downside is competition among organizations that would create a horrible circumstance for these small companies. They may force to participate in these races despite the lack of experience and the result of it won't be positive for them. All things considered ,it becomes apparent there are conspicuous disadvantages behind each decision via societies. To summarise ,many causes for

this

case

can be considered.

Also

,downsides are noticeable. It is predicted that to continue having own

business

the number of detrimental effects, in

this

case

,will be increased in the near future