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?

It is true that at present, a significant portion of the general public has a tendency to opt for
self-employment
rather than being an employee.
This
essay will discuss several likely reasons behind
this
trend ,and drawbacks
such
as financial difficulties and minor health issues that could result from
this
behaviour. It is reasonable to assume that the current ubiquity of jobs with the low possibility of getting promotions and
people
's deeper understanding of entrepreneurship are two of the main driving forces behind
this
behaviour.To elucidate
further
, due to an increasing number of employees,most modern jobs have slim chances of getting promoted in a workplace.
Thus
, in order to avoid dead-end jobs,
people
tend to be self-employed.As for the
second
reason, statistics show that
people
in the past prefer job security to
establishing
Change the verb form
establish
show examples
their own businesses.
This
indicates that
people
in the past had sceptical views about
self-employment
,but because of the current availability of resources and knowledge banks , an increasing number of
people
switch to
self-employment
nowadays.
However
, potential drawbacks
such
as financial struggles and problems threatening the well-being of a person could arise from
self-employment
.To establish a private business, capital is needed for initial investment purposes,and if the self-establish enterprise were to face a failure, money would be drained from the owner's pocket.When it comes to management, self-employed individuals would have to carefully handle and consider every factor,since the fate of the business is in their own hands.
For example
, due to the responsibility being solely on the establisher, they are likely to suffer from more health issues stemming from stress . In conclusion, in my opinion, better insight gained from current sources and low promotion chances influence
people
's decision on becoming self-employed.Mild mental-based diseases and financial complications could be regarded as disadvantages of
self-employment
.
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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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