*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 recent modern world, the number of young
people
who choose to start their own businesses has been rapidly increasing. There are a couple of important reasons for this
phenomenon, such
as the advent of the internet and subsequent society
structure changes. Replace the word
societal
However
, there are some critical drawbacks of self-employment. I would like to list them in this
essay.
The most significant reason for the above mentioned
trend is the introduction of the internet and the Add a hyphen
above-mentioned
digitizaiton
of society. Owning to the Correct your spelling
digitisation
availabity
of digital Correct your spelling
availability
insfrastructure
at a reasonable cost, even new graduates from universities without much investment money can relatively easily start their own Correct your spelling
infrastructure
business
. For example
, a small venture
company can compete with national
brand if Add an article
a national
the national
their
products had a significant competitive edge in the digital market environment. The Correct pronoun usage
its
second
reason is the volatility of the
society as a whole. Correct article usage
apply
For instance
, under the huge influence of the recent pandemic and the war, the market is becoming more and more unstable and many young people
are struggling to find good careers at large organizations. Some of these people
have decided to start their own buisnesses
Correct your spelling
businesses
instead
of depending on established companies. These are a few most prominent reasons.
However
, becoming self-employers
has its critical risks. Correct article usage
a self-employers
First
of all, only a small percentage of venture
businesses survives
more than three years. Once failed, the Correct subject-verb agreement
survive
owners
of the business
not only loose
income but owe a significant amount of investment borrowed from banks and stakeholders. Correct your spelling
lose
Moreover
, even if the business
continued, small venture
captal
Correct your spelling
capital
owners
are constantly under the pressure to continuously grow business
. Correct article usage
the business
For instance
, in Japan, 95% of corporations are categorized as small business
and their Fix the agreement mistake
businesses
owners
tend to work seven days a week, under the
huge pressure and Correct article usage
apply
it
is not good for their health.
In conclusion, due to the change Correct pronoun usage
which
of
Change preposition
in
societal
structure changes, the number of Replace the word
social
self-emplyeed
Correct your spelling
self-employed
people
are
continuously increasing. Correct subject-verb agreement
is
On the other hand
, a
huge growth Correct article usage
apply
of
the Change preposition
in
venture
business
is a rarity and a majority of venture
company owners
are facing significant risks and pressures.Submitted by michima2011 on
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