*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 disadvantages of being self-employed?

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In
this
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cutting-edge epoch, numerous individuals prefer to do
work
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in their own businesses
instead
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of in other companies.There are a plethora of reasons why a number of individuals prefer to be self-employed and various disadvantages of doing their own
business
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which will be discussed in the subsequent paragraphs. owing to numerous reasons people choose to be self-employed. The predominant one is that if people like to start their own
business
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then
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they could manage their
work
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according to
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their taste. In other ,companies they have to do
work
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according to
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their boss. In
this
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modern era, no one wants to do
work
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according to
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others' preferences. A survey conducted by the USA demonstrated that 64% of the masses started their own
business
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as they want to do
work
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according to
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their choice.
Moreover
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, workers can get good profits by doing their own
business
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,but it would not be possible if they perform
work
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in other firms. They want to earn more
money
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as well as
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they want to attain success after starting their
business
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. A number of the pros are associated with
this
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trend which is crucial to be considered.
Firstly
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, there could increase chances of loss if individuals commence their
business
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. Whenever they start their
business
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, they would have to invest a lot of
money
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. After investing
money
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in a
business
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they could either acquire profit or loss. If they get lost
then
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they could not be able to survive as they would have already wasted their
money
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. Which would not be worthwhile for them.
For instance
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, in ,Australia 73% of the masses commenced their
business
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which they got a loss as they had less experience in performing
work
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in an effective way.
Secondly
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, after investing
money
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in their
business
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they can get stress which would not be fruitful for their health. Ergo, it could lead to various health hazards. In conclusion, I reiterate that
due to
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a number of reasons people want to be self-employed
instead
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of doing
work
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in another firm, but it has various disadvantages of
this
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trend which cannot be overlooked
Submitted by MANJOT on

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