Nowadays many people choose to be self employed, rather than to work for a company or organisation. what could be the disadvantages of being self employed?

In the modern world, starting own business is preferable to a graduate than doing a private job in a corporate sector. Like all other professional activities,

this

initiative

also

has some pros and cons. In the essay, I will explain some drawbacks of being self-operated. To start with, most of the population chooses to work for the establishment of their industry. They don't like to give their actions to a private organization. In developing countries, there is a shortage of job opportunities that increases the number of jobless graduates in the states producing a burden on society. Due to the development of new technologies and the internet, the public create an interest in online businesses and free lanching.

For instance

, online marketplaces

such

as Amazon, and Ali express are more popular nowadays.

Moreover

, YouTube and Facebook blogging is very much popular in the current situation.

On the other hand

,

although

these self-doing activities are reduced the crisis of the job market, it's a source of earning money.

furthermore

, Self-efficacy and confidence

also

build up through individual business development. There are some disadvantages of self-business.

For example

, without a stable salary, it will be hard to plan the future with certainty. To some extent, it may be costly to start a new business and there will always be a risk of failure, especially during the initial few months. So, before deciding to be self-employed, I think it is better to consider the risks

first

. In conclusion, self-employed workers start their own companies to avoid more stress or pressures from people around them at the workplace

However

, they will have to take challenges to learn better financial management skills into account before starting a new company.