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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

People spend the majority of their time working
in
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their entire life and have different purposes to achieve. It used to be more common to work for an organization.
However
, there is a gradual change in
this
traditional trend with a growing interest in
self-employment
. I will examine some contributing factors and potential disadvantages that may be brought about by
this
change. There is a certain change in the current view toward work among many workforces. Being employed in a
company
used to be regarded as safe since the devoted commitment of
workers
to the organization allows them to gain prolonged employment and promotional opportunities.
As a result
, many employees desire to remain in the same
company
both for economic benefits and safety.
However
, many
workers
are now threatened by an unexpected bankruptcy and layoff in the current stagnant economic situation.
For example
, Amazon, one of the biggest companies in the US, announced the layoff of a thousand
workers
without previous notice.
Therefore
, the truth that working in a
company
is no longer safe than before is a primary reason for their transition to
self-employment
. Regardless of the growing shift toward
self-employment
,
workers
need to be aware of the potential risks that come with it. The biggest problem that troubles a
business
owner is the large amount of financial investment required to initiate a new
business
.
In addition
to
such
financial burden, there are a number of other difficulties that a
company
faces including hiring talented
workers
, their education, and advertising to spread its reputation. Being overwhelmed by loads of work and great responsibility, self-employed
business
often fails with only great loans left to pay back. In conclusion, while
self-employment
is a popular trend today, people should not ignore the fact that starting their own
business
often comes with great risks in both finance and management.
Submitted by mizuho_kondo117 on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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