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.

In recent times, many communities, across the globe, would like to be self-employed and

this

is an ongoing global trend and is being popularized.

This

essay will explain the disadvantages of being self-employed and what are the main reasons behind

this

phenomenon and explain with relevant examples as well

at the end

.

To begin

with, Nowadays, we can see that most individuals across the globe, have not only adopted self-employed culture but

also

would like to work with their own style rather than work with any organization indeed.

For example

, The Times now published that 60 per cent of people around the globe, are working as a freelancer

due to

various reasons and

this

is significantly increasing day by day.

In addition

,

this

part-time activity trend will add an additional income source for the most number of folks.

Moreover

,

while

working as a part-timer, folks are not accountable for anyone.

On the other hand

, there are

also

many disadvantages that need to be considered to being self-employed.

Firstly

, folks will not only get any assurance but

also

will not get any benefits provided by an employer.

For instance

, The Hindu newspaper published that 70 per cent of self-workers have lost their business

due to

inadequate requirements in the post-market.

Secondly

, there is no job security for freelancers.

Consequently

, they may lose their place at any time, and most chances of getting fired at any time during the recession time. To summarize, after a thorough discussion of the above topic, it has been concluded that the population would like to effort on their own than work with any company is not a best practice for individuals. I hope

this

tendency is conducive to bringing a lot of drawbacks for people.