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.

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People spend the majority of their time working their entire life and have different purposes to achieve. It used to be more common for people to choose 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.
However
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, many
workers
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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
workers
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without previous notice.
Therefore
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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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. Regardless of the growing shift toward
self-employment
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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
such
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financial burden, there are a number of other difficulties that an owner will face including hiring talented
workers
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, their education, and advertising to spread its reputation.
In other words
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, being overwhelmed by loads of
work
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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.
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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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