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 their entire life and have different purposes to achieve. It used to be more common to

work

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for an organization.

However

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, there is a gradual change in

this

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traditional trend with a growing interest in

self-employment

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. I will examine some contributing factors and potential disadvantages that may be brought about by

this

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change. There is a certain change in the current view toward

work

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among many workforces. Being employed in an organization used to be regarded as safe since the devoted commitment of

workers

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to the organization allows them to gain prolonged employment and promotional opportunities.

As a result

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, many employees desire to remain in the same association both for economic benefits and safety.

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, many

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are now threatened by an unexpected bankruptcy and layoff in the current stagnant economic situation.

For example

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, Amazon, one of the biggest companies in the US, announced the layoff of a thousand

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without previous notice.

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, the truth that working in a company is no longer safe than before is a primary reason for their transition to

self-employment

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. In spite of the growing shift toward

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,

workers

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need to be aware of the potential risks that come with it. The biggest problem that troubles an employment owner is the large amount of financial investment required to initiate a new business.

In addition

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to

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financial burden, there are a number of other difficulties that an owner will face including hiring talented

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, their education, and advertising to spread its reputation. Being overwhelmed by loads of

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and great responsibility, self-employed

work

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often fails with only great loans left to pay back. In conclusion, while

self-employment

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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.