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 disadvantage of being self-employed?
In recent times more and more people are starting their own taxi may not earn
business
or becoming Fix the agreement mistake
businesses
a freelancers
compared to being employed Correct the article-noun agreement
freelancers
a freelancer
under
a company. Change preposition
by
Although
the main reasons for this
trend are flexibility and earning higher
Add an article
a higher
income
, drawbacks of self-employment like facing higher risk and unstable income
should not be ignored.
An individual who is self-employed has freedom of choice. In other words
, they do not work
for anyone which means they can make unrestricted decisions in their workplace. Moreover
they are not bound to answer anyone if their action has negative consequences. Another reason for Add a comma
,Moreover
this
trend is, people who have their own business
tend to earn higher Fix the agreement mistake
businesses
income
compared to Fix the agreement mistake
incomes
to
those who Remove the redundancy
apply
work
in a salaried job. This
is because,
most of the time Remove the comma
apply
business
models are profitable and major
portion of the Add an article
a major
the major
profit
belongs to the owner of the business
. For example
, retail
shop owner has the privilege to enjoy the majority of the Correct article usage
a retail
profit
whereas
he pays a small potion
of the Correct your spelling
portion
profit
as salary for his employees.
Businesses and free lancing
have many risks Correct your spelling
freelancing
such
as Instability and loss. To explain this
further
, a
Correct article usage
apply
self employed
individuals have to face the loss and have to take full responsibility which can cause stress and anxiety in them. Another major drawback of self-employment is not having Add a hyphen
self-employed
sustainable
Add an article
a sustainable
income
. In other words
, employee
working Add an article
an employee
the employee
a
for a company enjoys a stable Correct article usage
apply
income
regardless of the performance of the company while
self employed
Add a hyphen
self-employed
individual’s
Fix the agreement mistake
individuals’
income
depends on their performance. For instance
, a driver, who drivesCorrect article usage
a
single
penny if they do not go to Add an article
a single
work
due to
illness whereas
, an employee will be paid his salary even if he is not working due to
illnesses
as their medical leaves are covered Fix the agreement mistake
illness
according to
the labor-laws
.
Change the spelling
labour-laws
To conclude
, even though there are many advantages like earning large profit
and enjoying Fix the agreement mistake
profits
work related
flexibilities in self-employment, disadvantages in terms of job insecurity and unstable incomes should not be taken lightly .Add a hyphen
work-related
Submitted by mnasasanjith on
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