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 populations prefer to start their employment
instead
of working for a company
or organization. This
essay will explicate why people
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
, 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
, it 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. It 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
it has more advantages, a few demerits are also
inevitable. 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 an employer starts an organization with perfect preparation then
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...