Nowadays many peoplechoose to be self-employed , rather than to work for a company or organization.Why might his be thecase? what could be thedisadvantages of being self-employed ?

Recently a lot of individuals opt to
work
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for themselves rather than get employed in a firm. I believe the change in
this
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latest trend is influenced by many factors which have their own pros and cons. Self-employment seems to have its own advantages where a
person
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is a sole proprietor of his employment and can use all the profit the way he wants.
Also
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, he can
work
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according to his own comfort where he is not liable to answer anyone.
On the other hand
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, there are some challenges attached to
this
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trend. We cannot ignore the
amount
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of uncertainty that comes with doing your own business and the huge
amount
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of investment one has to put in to get started. Most people nowadays are not ready to take orders from someone they hardly know.
Hence
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their
first
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choice is to be their own boss rather than
work
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for someone else. Any profession in today’s world requires an ample
amount
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of focus and energy with an immense portion of hard
work
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and in ,return you get a fixed
amount
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. While if a
person
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does something on his own, he can put in the same
amount
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of energy and hard
work
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but he will get all the profit in return where he has the liberty to use it in his own way.
Moreover
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, there is no restriction on the working hours.
For example
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, an individual can start early in the morning according to his own convenience and he is
also
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allowed to take a break and give time to his family if necessary. After Covid, we are experiencing a different world altogether. The main disadvantage of getting self-employed is dealing with the current uncertainty attached to the market. One cannot expect how his business model is going to
work
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and how much buzz he can bring to the market.
Therefore
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, starting an occupation can prove to be a rough ride. Adding to it, a
person
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needs a huge
amount
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of investment at
first
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to start a business which is not a cup of tea for everyone. Though there are many banks and government policies which support start-ups, it's very hard for a single
person
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to acquire and handle
such
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huge investments. New ideas are always welcomed by
this
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world if it is planned properly. As they say, by failing to plan, you are planning to fail. A
person
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has to analyse his risk potential and uncertainty before moving forward. If he is able to manage and synchronise everything before the time, the sky's the limit for him.

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