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

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 an organization 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 association 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

. In spite 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 an employment 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 an owner will face including hiring talented

workers

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

work

and great responsibility, self-employed

work

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.