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?

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In recent times, many populations prefer to start their employment
instead
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of working for a
company
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or organization.
This
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essay will explicate why
people
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choose to start their work and a 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 the community to opt for self-employment.
Thus
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,
people
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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
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.
Furthermore
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, they can earn more money than a person who works for an organization.
Moreover
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, it will enhance their knowledge and get to know about the current trends in their core field.
However
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, it is not possible for an individual who works for a
company
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because of the workloads they face every day. It is the best source to earn more money than a typical office job.
For instance
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, as per a recent survey which was conducted at the Oxford University of London revealed that business
people
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's annual income is 55% higher than that of employees in private or government organizations.
However
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, there are myriad benefits to self-employment
such
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as providing greater freedom and decision making.
Moreover
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, the Internet provides a global marketplace where they can establish
company
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products and yield more revenue.
Although
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it has more advantages, a few demerits are
also
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inevitable. These
people
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may face more financial obstacles.
As a result
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, many fail to make profits in their companies. It has less stability and no benefits like pensions and holiday pay.
For example
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, 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
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fiscal year 2021. In conclusion, despite a few disadvantages of self-employment, more benefits are available for business
people
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. When an employer starts an organization with perfect preparation
then
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it will reach a 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...

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