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. Use synonyms
This
is mainly because self-employment enables them to Linking Words
work
Independently and brings increased job Use synonyms
satisfaction
. On the downside, there is no guaranteed income and not enough knowledge.
To start with, self-employment brings Independence to Use synonyms
people
where they get the flexibility to arrange their own schedule and Use synonyms
work
around their other commitments which leads to a better quality of life. Use synonyms
This
is possible because they can Linking Words
work
at a time convenient to them. Use synonyms
For instance
, being your own boss takes away the stress of office hours, deadlines, and getting Linking Words
their
leave application approved. Another advantage is increased job Correct pronoun usage
your
satisfaction
, which means Use synonyms
people
can personally reap the rewards Use synonyms
from
their own hard Change preposition
of
work
. Use synonyms
For example
, launching one’s own Linking Words
business
has become quite easy now because of the Use synonyms
internet
. Capitalize word
Internet
Further
, it does not require a huge initial investment to launch a Linking Words
business
online or from home. Use synonyms
Moreover
, there are so many ways to get entrepreneur tax deductions to reduce Linking Words
business
taxes (and costs). Use synonyms
Hence
, it is very lucrative for entrepreneurs to get independence and Linking Words
work
Use synonyms
satisfaction
on their terms.
Use synonyms
However
, there are several drawbacks to Linking Words
this
. Linking Words
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. Linking Words
For instance
, recently in the event of a pandemic, small businesses suffered Linking Words
economic
recession and some of them were the first ones to shut down. Correct article usage
an economic
Secondly
, when Linking Words
people
are self-employed, they start with very little real knowledge of the Use synonyms
business
, which can prove detrimental. Use synonyms
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, Linking Words
people
are choosing the self-employment option because of its flexibility and increased workforce Use synonyms
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.Use synonyms
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.