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?

These days a lot of people are either resigning from their workplaces or just not interested in working for a company as they prefer to operate their own businesses. The reasons for

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fast-growing option range from the insecurity and underpayment of salaried jobs to the desire to manage

one

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's time. The demerits of

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choice

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are unsteady income flow and lack of access to funds, amongst others. There are several reasons individuals opt for entrepreneurship

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of paid employment.

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, the effects of job insecurities in salaried jobs are often sudden and devastating.

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, many people are left with no alternative when they are dismissed from their workplaces.

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, in 2016, the commercial banks in Nigeria did a massive retrenchment of their staff leaving a lot of bankers with no means of livelihood.

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, paid workers are grossly underpaid in comparison with the workload and pressures of the work.

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, the strong desire to manage

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's time and establish

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's

business

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ideas are major factors for the growth of entrepreneurship. Despite the reasons for sole proprietorship which seem beneficial, there are not-withstanding some drawbacks. The flow of income to a

business

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owner is generally not as steady as

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on paid employment.

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, there are some periods where little or no revenue will be recorded in the

business

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, particularly in its early stage.

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, the political and economic environment the enterprise operates in plays a critical success factor in its growth.

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, most entrepreneurs in Kaduna, the northern part of Nigeria, are shutting down their businesses

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of insecurity, high tax rates and no access to funds. In conclusion,

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so many individuals are opting for self-employment because of the insecurities of paid employment and the desire to manage their time and resources, they

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face setbacks

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as unreliable flow of income and harsh

business

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environment that affect the growth of their enterprises.