Nowadays many teenagers choose to be self-employed, rather than to work for a company or organization. Why might this be the case? What could be the disadvantages of being self-employed?

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A group of youngsters prefer to work for themselves
such
as establish a business rather than for a corporation or organization these days. I believe that
this
trend is due to having flexibility in working schedule and having a higher salary, even though being an employee has a fixed monthly income and working hours.
However
, owning a business maybe generate some risks
such
as losses of the firm
as a result
of incorrect decisions or inaccurate forecasts.
To begin
with, those who have their own firm lead to having a more flexible working term because of no time bound by other people.
Furthermore
, they may be able to work everywhere without spending money on transport costs,
this
is will assist them to reduce their expenditure.
For example
, their money can be used wisely for developing their establishment and making some innovations which lead to delivering higher revenue,
thus
, the owner is getting a higher salary rather than the employer. Despite the advantages of owning a company, the leader should make an accurate forecast and the right decision in the case to improve the company,
consequently
, if they do it the wrong way it will make the factory may collapse.
For example
, if the businessman makes a resolution to launch their new product widely to market without product assessment,
this
will make their products fail consumed by customers. In conclusion, owning an employment field has a flexible time to work and it does not depend on the fixed office,
as a result
, it will assist them to live more frugal.
On the other hand
, owning an enterprise depends depend on the decision of the chief executive officer which should be accurate and correct decisions.
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Topic Vocabulary:
  • self-employed
  • gig economy
  • entrepreneurship
  • work-life balance
  • autonomy
  • job security
  • benefits
  • health insurance
  • retirement plans
  • income
  • financial management
  • marketing
  • networking
  • customer service
  • inexperienced
  • isolation
  • camaraderie
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