Nowadays,many people choose to be self-employed,rather than to work for a company or organisation. What are the advantages and disadvantages?

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In recent times more and more people are starting their own businesses or becoming freelancers compared to being employed by a company.

Although

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the main reasons for

this

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trend are flexibility and earning a higher

income

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, drawbacks of self-employment like facing higher risk and unstable

income

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should not be ignored. An individual who is self-employed has freedom of choice.

In other words

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, they do not work for anyone which means they can make unrestricted decisions in their workplace.

Moreover

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, they are not bound to answer anyone if their action has negative consequences. Another reason for

this

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trend is, people who have their own businesses tend to earn a higher

income

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compared to those who work in a salaried job.

This

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is because most of the time business models are profitable and a major proportion of the profit belongs to the owner of the business.

For example

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, a retail shop owner has the privilege to enjoy the majority of the profit

whereas

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he pays a small percentage of the profit as salary for his employees. Businesses and freelancing have many risks

such

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as instability and loss. To explain

this

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further

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, self-employed individuals have to face the loss and have to take full responsibility which can cause stress and anxiety to them. Another major drawback of self-employment is not having a sustainable

income

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In other words

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, an employee working for a company enjoys a stable

income

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regardless of the performance of the company

while

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self-employed individuals'

income

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depends on their performance.

For instance

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, a driver, who drives a taxi may not earn a single penny if they do not go to work

due to

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illness

whereas

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an employee will be paid his salary even if he is not working

due to

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illness as their medical leaves are covered

according to

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the labour laws.

To conclude

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, even though there are many advantages like earning large profits and enjoying work-related flexibilities in self-employment, disadvantages in terms of job insecurity and unstable incomes should not be taken lightly .

Submitted by mnasasanjith on Thu Jan 26 2023

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Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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13
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 5.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

334 words

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Topic Vocabulary:

autonomy
work-life balance
earning potential
job satisfaction
financial risk
irregular income
job security
financial instability
benefits
health insurance
paid leave
retirement plans

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Nowadays,many people choose to be self-employed,rather than to work for a company or organisation. What are the advantages and disadvantages?

Your opinion

in order to succeed, people require certain personality traits. what are these traits? what else is needed

You would like to reduce your working hours in order to study part time. Write a letter to your boss. In your letter explain why you want to reduce your working hours say which hours you would like to work describe how your part-time studies would benefit your employer

Young people are often influenced in their behaviors by others in the same age group. Some argue that peer pressure is important while others feel it has distinct disadvantages. Do the disadvantages of peer pressure outweigh the advantages?

In some cultures, children are often told that they can achieve anything if they try hard enough. What are the advantages and disadvantages of giving children this message?

Some people think it is better for children to grow up in the city, while others think that life in the countryside for children is more suitable for them. What are the advantages and disadvantages of both places for children to grow up?