Nowadays many people choose to be self empoyed, rather than to work for a company or organisation.Why might this be the case?What could be the disadvantages of being self employed?
In recent times, many
people
prefer to start their own business
instead
of working for a company
or organization. This
essay will explicate why people
choose to start their own business
and its
few demerits of being self-employed in the forthcoming paragraphs.
To commence with, the world has become tremendously competitive and arduous to find a job. Unemployment is one of the major reasons for Replace the word
it's
it is
people
to opt for self-employment
. Thus
, people
have started to run a business
to survive in their life. At the same time, it would be their life ambition to start a company
. Furthermore
, they can earn more money than a person who works for an organization. Moreover
, self-employment
will enhance their knowledge and get to know about the current trends in their core field. However
, it is not possible for an individual who works for a company
because of the workloads they face every day. Self-employment
is the best source to earn more money than a typical office job. For instance
, as per a recent survey which was conducted at the Oxford University of London revealed that business
people
's annual income is 55% higher than that of employees in private or government organizations.
However
, there are myriad benefits to self-employment
such
as providing greater freedom and decision making. Moreover
, the Internet provides a global marketplace where they can establish company
products and yield more revenue. Although
self-employment
has more advantages, a few demerits are also
inevitable in business
. These people
may face more financial obstacles. As a result
, many fail to make profits in their companies. It has less stability and no benefits like pensions and holiday pay. For example
, a recent article published in a local newspaper called "THE TIMES" revealed that 10% of new businesses have closed due to financial losses that they faced in the last
fiscal year 2021.
In conclusion, despite a few disadvantages of self-employment
, more benefits are available for business
people
. When a business
starts after a proper preparation then
it will reach its high position in our society and provide more job opportunities.Submitted by parukrishna31 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...