Nowadays, many people choose to be self-employed, rather than to work for a company or organisation. why might this be the case? what could be the disadvantages of being self-employed?

With COVID-19 the workforce environment has changed drastically with many individuals wanting to

work

for themselves

instead

of being part of a big organisation or company.

This

essay will analyse how self-employment allows control over one's working hours as the main reason for

this

and how many lack the skill set to be self-employed as the prominent drawback.

To begin

with, being your own boss allows individuals to create working hours around their current life with their prior existing commitments which are paramount to

fulfil

Wrong verb form

fulfilling

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.

Therefore

,

this

permits single working mothers or fathers to take care of their children while still earning a living. As many jobs require strict starting and finishing times which overlap with school timing, flexibility can be achieved by working independently,

thus

, making it possible to pick up and drop their children

to

Change preposition

at

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school or daycare.

Moreover

, having autonomy over one’s hours of

work

makes it probable to set a routine, and pick up hobbies, which are crucial for workers' mental health leading to an improvement in their quality of

work

. To illustrate

this

argument, a 2022 study conducted by Oxford University revealed that self-employment has allowed more than 2000 successful businesses to open up in the recent year.

However

, working for oneself is impossible for every individual as they lack the skill set required to run a successful

business

. Since running one requires far more knowledge than simply knowing how to sell products, it requires the person to have adequate knowledge of financial management, leadership skills and critical thinking, all of which are taught at university.

Therefore

, if those wanting to start a working

business

do not have a degree in

business

management

then

their efforts would be in vain.

Additionally

, the mental strain which comes along with being your own boss is often never taken into consideration, though it is a major contributing factor to self-employment. Those who are unable to handle stressful regressions in their line of

work

are improbable to succeed.

For instance

, a 2021 survey by Harvard showed that 70% of workers who quit their corporate jobs to be self-employed have lost 80% of their revenue due to insufficient

business

skills. To recapitulate, many workers currently working in massive organisations would prefer to switch to being their own boss due to the complete control over their schedule. Though

this

is alluring it is only possible if the individual has

proper

Correct article usage

the proper

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skills to run and maintain a

business

, if not

then

it is a major con.