Nowadays many people choose to be self-employed, rather than to work for a company or orgainsation. why might this be the case? what could be the disadvantages of self-employed?

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Working in one's own space brings more comfort and flexibility to an individual rather than working with a company or an organisation.
Although
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this
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idea has its own prons there are certain cons which cannot be ignored like being self-employed lacks social communication and brings minimum wages.
To begin
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with,people choose to work on their own because they inherit certain businesses from their ancestors and are more keen on looking after them.They feel by working in
such
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an environment they can look after themselves and their family in a more efficient way.Being self-employed allows them to work on their own time as they are not supervised by anyone.
For example
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,doctors nowadays work
according to
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their flexibility and comfort in doing so they give time to their families and patients.By doing so they benefited equally but they lack interaction with the outer world.
Although
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working in
such
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a sector brings advantages there are certain drawbacks which I want to highlight.The biggest disadvantage of being self-employed is the minimum salary and no additional bonuses which you get by working for an organisation or a company.
In addition
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to
this
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social life is restricted you don't communicate with other members outside your own business so will not be able to expand your business and increase your revenue.
For instance
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,it has been reported that individuals in their own businesses are at a loss
due to
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no financial help from other parties.
To conclude
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,flexibility and working in comfort environment are some of the advantages ,lack of interaction and low revenue are some of the disadvantages of working as a self-employed.
Submitted by mudassir1219 on

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