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 the disadvantages of being self-employed? Give reasons for you answer and include any relevant examples from your own knowledge or experience.

In recent years, more and more individuals tend to opt to be self-employed, rather than being employed by corporations. There are a few reasons why

this

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is a trend among

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hunters, despite there are demerits.

Firstly

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, in recent years, many

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markets have reached saturation,

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employees will be looking for the best candidate for their positions, which would lead to a highly competitive situation for all

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seekers. For many less competitive employers, it is almost impossible to find a

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, and

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is one of the reasons why they would alter to self-employed.

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, individuals who have their own

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are more likely to get flexible working hours than company employers.

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, many small

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can choose when to have their holidays themselves

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their personal availability,

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in big corporations employers have to consider whether the company will approve their absence applications.

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, starting your own business can be challenging. First and foremost, in many industries, small

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are less reliable than big organisations.

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means that they will be less competitive in the market and have fewer customers.

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, being self-employed is riskier. If the business faces bankruptcy, the owner has to face, possibly, a considerable amount of debt.

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, many small

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were bankrupt

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the Covid pandemic. During the time, entrepreneurs had to face the crisis of having no customers and no income,

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some big companies and organisations were more financially stable so they lost money but not everything.

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, the saturated market and the seek for more freedom can be the cause for being self-employed,

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, it is

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more difficult and risky than working for a company.