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

In
this
time and day, where the environment has become quite
competative
Correct your spelling
competitive
, and there are many opportunities and platforms available,
people
choose to be self-employed
instead
of working for a firm or
business
. Some
people
hold the opinion that there might be some demerits of it.
Therefore
,
this
essay will describe the reasons why
people
want to do their own
business
,
Remove the comma
apply
show examples
and the possible disadvantages of it.
To begin
with, as it is apparent that the increase in population has had an impact on the employment sector,
consequently
, finding a job with
suitable
Correct article usage
a suitable
show examples
salary has become quite difficult.
As a result
,
people
make the choice to be self-employed and start their own
company
. To add more,
people
believe that they can make more money by working hard in their own
business
instead
of exerting the same struggles working as an employee for some other
company
and getting a low salary.
For example
, the founder of WhatsApp was working for an organization as a software developer, but after creating his own
company
he became a millionaire.
On the other hand
, there could be some possible disadvantages of starting a
business
.
Firstly
, to be self-employed or to make your own
company
, you need a lot of resources and a huge capital. To gain
a
Correct article usage
apply
show examples
reasonable capital you may have to take a loan from a bank, which could be a liability in the future.
Additionally
,
sometime
Replace the word
sometimes
show examples
you have to bear a loss in the
business
and have to be responsible for that solely, which could lead to stress and anxiety. To conclude, being self-employed is becoming a trend these days, and
people
are choosing to do their own
business
instead
of working for some other corporation or
company
, but with some benefits, self-employment could have some possible demerits too.
Submitted by Husnain Iqbal 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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