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 disadvantage of being self-employed?

In
this
era, building their own
business
is preferable for
people
rather than being an employee in the company.
People
have several benefits of making their own
business
regarding
income
, time, and ideas which might be fulfilled for them.
However
,
people
have to spend a lot of money to start a
business
and they must be ready for failure. In
this
essay, I will elaborate more below. On the one hand,
people
who build a
business
could possibly have more
income
than that working in a company. It is because they could apply some strategies to achieve the expected
income
. They could realize their idea without intervention from others and they hold the decision in case of receiving suggestions from others.
In addition
, flexible working hours would be reached if
people
do not work in
companies
in which the
companies
usually have working schedules to be followed.
For example
, employees are obliged to arrive at the
companies
at 08.00 am which would have a punishment if they do not follow.
This
condition is
otherwise
with
people
building their own businesses.
on the other hand
,
business
is not only about success but
also
people
who choose to be a businessman must have a strong mentality. It is because they have to handle their
income
in case of getting failed.
For example
, some
companies
must cover their employee's salaries
while
getting bankrupt.
Furthermore
, if
people
want to start a
business
, they should prepare for the initial cost which is high. Some businessmen decide to borrow money from the bank in order to realize their
business
.
This
is not found that businesses do not run as an expectation;
therefore
people
cannot handle their owe from the bank. In conclusion, working as a self-employed would benefit
due to
the flexibility in running the
business
on any side.
However
, the risk might occur higher than
people
working in a company in terms of financial problems.
Submitted by misstiasclassroom on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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