Now-a-days many people choose to be self-employed, rather than work for a company. What could be the advantages and disadvantages of being self-employed?

Nowadays the number of start-ups is rising at a rapid pace.Many people rather than working for a company, choose to be self-employed. There are various merits and demerits to

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trend.

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essay shall discuss the details with examples in subsequent paragraphs.

To begin

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with, the main advantages of having your own job are being independent and self-reliant.

In other words

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, there are no fixed working hours and there is no member to boss you. So, one can work at his or her own will without any restrictions.

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, individuals can earn more than in salaried jobs and are financially more stable. To cite an example, Ritesh Agarwal worked for an MNC and left

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job to start a business of his own.

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,now he owns one of the largest online hotel markets in the world and is among the top start-ups.

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, there are numerous negatives of self-employment as well.

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of all, as the company is new there is no guarantee of success and they have to put in extra effort to meet the ends.

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,

to begin

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a self business lot of capital and funds are needed.

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, there is no constant and steady flow of income in self-employment.

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, Vijay Malaya who owned Kingfisher airlines was one of the top enturpinor of the world but due to massive debts and rising prices, he became bankrupt.

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, all these assets were seized. In conclusion,

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there are many risks involved in starting your own organisation, self-employment proves to be more advantageous as it provides job opportunities to others and helps in the economic development of the country.