Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

There is a significant splurge in the number of youngsters choosing the path of business rather than being restricted into the shackles of a cubicle and working 9-6 for a company. On top of that, an extensive range of putative and victorious businessmen are supporting these young entrepreneurs and helping them financially by funding their ideas. I believe that

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concept comes with both merits and demerits and that one should be cautious when making

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decision. It is effortlessly evident that there are many reasons behind

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rising trend of startup companies. To commence with, youngsters are finding it arduous to get a job as per their liking and preference. Individuals who wish to

work

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in an acclaimed organisation or get a well-paid job must have high academic qualifications or years of

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experience.

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requirements are somehow disqualifying a larger section of job hunters. And

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, there are people who desire to get riches in a shorter time period. To exemplify, a business can earn a hefty sum of amount if the idea is unique and targeted to the right type of consumer. If looking at it from a different perspective, there are varying drawbacks as well. First and foremost, being self-employed doesn’t come with a guaranteed comfortable and luxurious life. When working in a company, there is a guaranteed amount that gets credited to the bank account

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of the month. Another significant disadvantage that cannot be overlooked is that self-employed people, to make their companies successful,

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throughout

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apply

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the day and sometimes late the night as well.

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practice not just keeps them away from their friends and family but impacts their

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health as well.

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, it creates an imbalance in their professional and personal lives. To recapitulate, working independently is surely advantageous for youngsters as it allows them to

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on their own terms and conditions.

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, there are obvious disadvantages as well that must be considered before entrepreneurship is chosen.