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

Recently, it has been noticed that

people

now prefer to be their own boss to

being

Wrong verb form

be

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an employee in an institution. Little did they know that,

although

it brings

self respect

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self-respect

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and

self worth

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self-worth

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, starting

ones

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one's

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business can be mentally draining as bankruptcy is a possible drawback. I will expatiate on these with relevant examples and a logical conclusion. There are several reasons

people

want to have their own personal businesses like

self respect

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self-respect

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and freedom to mention a few.

This

is

due to

the fact

the

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that

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society believes and sees any sole proprietor who doesn't depend on anyone for survival as being influential and wealthy.

For example

, anyone who would not submit

under

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to

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any employer, can fend for himself and possibly create opportunities for others will be highly

honored

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honoured

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in

the

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apply

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society.

Also

, being free from any form of workplace restrictions, rules and regulations is a reason

people

want to be on their own. Being able to work at

ones

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one's

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pace without pressure from any boss makes one work very efficiently and get results.

For instance

, some

people

are know

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are known

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to break down mentally when they work under pressure.

Thus

,

it is clear that

working for oneself is beneficial.

On the other hand

, there are

also

various drawbacks in being a boss of oneself

such

as loss of funds

due to

poor management and mental derailment. Starting a personal business empire with little or no experience can lead one to

running

Wrong verb form

run

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bankrupt which if care is not taken can cause emotional stress. To illustrate, a small business owner lost all his capital,

profits

Correct word choice

and profits

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to an online market owing to the fact that he was not experienced in it.

This

on

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in

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the long run made him

lost

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lose

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his mind and he is currently being taken care of in a psyche home.

Hence

, having

ones

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one's

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institution has its own cons. In conclusion,

people

have personal reasons they would not want to submit under any employer

such

as

,

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apply

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freedom and being valued in

the

Correct article usage

apply

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society,

however

,

this

has lots of downsides like

loosing

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losing

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funds and mental illness