Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?
These days, a lot of
people
are preferring their own start-up rather than working for another company or employer. This
is mainly because self-employment enables them to work
Independently and brings increased job satisfaction
. On the downside, there is no guaranteed income and not enough knowledge.
To start with, self-employment brings Independence to people
where they get the flexibility to arrange their own schedule and work
around their other commitments which leads to a better quality of life. This
is possible because they can work
at a time convenient to them. For instance
, being your own boss takes away the stress of office hours, deadlines, and getting their
leave application approved. Another advantage is increased job Correct pronoun usage
your
satisfaction
, which means people
can personally reap the rewards from
their own hard Change preposition
of
work
. For example
, launching one’s own business
has become quite easy now because of the internet
. Capitalize word
Internet
Further
, it does not require a huge initial investment to launch a business
online or from home. Moreover
, there are so many ways to get entrepreneur tax deductions to reduce business
taxes (and costs). Hence
, it is very lucrative for entrepreneurs to get independence and work
satisfaction
on their terms.
However
, there are several drawbacks to this
. Firstly
, in the beginning, their income may be a lot lower than their previous salary. Actually, it might take them years to break even, which will require immense perseverance. For instance
, recently in the event of a pandemic, small businesses suffered economic
recession and some of them were the first ones to shut down. Correct article usage
an economic
Secondly
, when people
are self-employed, they start with very little real knowledge of the business
, which can prove detrimental. As a result
, they sometimes underestimate the expenses, and overhead costs, undermine competitors and could end up working 16 to 18 hours a day especially, in the initial stages.
In conclusion, people
are choosing the self-employment option because of its flexibility and increased workforce satisfaction
. Even if it is true that they are unlikely to make a lot of money in the beginning, they can enjoy more freedom and better profit in the future. The main downside is that there is no guaranteed monthly income.Submitted by nsing2001 on
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coherence and cohesion
Ensure that all main points are clearly supported with relevant examples and details. This will strengthen the coherence and cohesion of the essay.
task achievement
Make sure to address all parts of the task prompt. Provide a balanced discussion of the advantages and disadvantages of self-employment, with specific examples to illustrate your points.