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?

In the present day, the number of diverse options consumers can make is astonishing. While some people prefer to work for a company in the past, it seems that modern society chooses to become independent bosses of their own. The main causes of

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phenomenon and its negative impacts of

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will be explained in

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essay. The merits of being a

business

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owner are apparent for numerous reasons. As life has become much more competitive than in the past, being selected by prestigious companies is a great challenge these days.

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some people might be skilled, big companies tend to recruit candidates with the highest qualification.

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, others who do not have one have a very lower opportunity to have a satisfying occupation, which leads to deciding to set up a new company for themselves.

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, unlikely office workers receive a monthly salary, it is true that self-starters have a great potential to earn the same or high amount in less than a month.

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, to encourage small businesses to support the local economy, the authority provides low-interest rates to start off the

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and introduces independent schemes

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as compensating businesses that have less income than a certain amount.

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, there are considerable demerits regarding being self-employed, because of the uncertainty of income, which means that businesses are strongly affected by the environment,

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, with the sudden emergence of COVID, small trade had to suffer for almost 3 years, whereas company workers had a secured salary.

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, having your own employees can be risky under difficult circumstances, especially if you have to afford the whole family.

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, from the perspective of the state, it is difficult to calculate the correct amount of taxable earnings for the independent, which takes advantage of the schemes.

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, it is hard to fully support that being self-employed is more beneficial. In conclusion, the growing number of independent shops seems to be highly advantageous to consumers as well as

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owners, because of the opportunity to receive high income when the

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runs smoothly and is guaranteed by political schemes.

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, the rule has to back up them financially if the

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does not flow well.