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

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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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