Nowadays many people choose to be self employed, rather than to work for a company or organization. What might be the case? What could the disadvantages of being self employed?

Presently a number of

people

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prefer to be self-employed, rather than to

work

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for a

company

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or

organization

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. A lot of

people

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feel they will earn more when they are their own boss. One demerit of self-employment is the high

level

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of

stress

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.

Firstly

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, some individuals prefer to independently than to

work

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for an

organization

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. Based on my knowledge, there are a lot of businesses

people

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tend to establish on their own that earn them lots of money than an employee of a

company

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would make.

For example

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in my country, our minimum monthly wage is very little which leaves lots of

people

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with the option to be self-employed. As a self-employed, you don’t have to wait for a desired payment date to earn your income, unlike an actual employee of an

organization

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that has to wait for the agreed date. A number of

people

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still have the belief that they can’t

work

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for their fellow human beings. A lot of

people

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want to be called their own boss and not have to rely on any

organization

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for finance.

Secondly

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,

this

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action might result in a lack of government or

company

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employees.

However

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,there are demerits of being self-employed. The first demerit is the high

level

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of

stress

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. Being your own boss will make you

work

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extra working hours leaving you with high

stress

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level

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.

For example

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,in a

company

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where most employees are entitled to six weeks of annual leave, but in a case where an individual is self-employed he or she can’t have the annual leave.

Also

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, self-employment is a risky one because most businesses are not stable. A business owned by a private sector can go into bankruptcy leaving the individual stranded and unemployed.

Furthermore

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, the tax rate may be high. In conclusion, in our time now some

people

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prefer to be self-employed rather than to

work

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for a

company

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or institution because they believe it has a higher income rate. The drawback is the high

level

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of

stress

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self-employment can cause.