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

Nowadays, many people are leaving their nine-to-five jobs and starting their businesses, leaving society in a conundrum - why are hard-working employees quitting their corporate jobs and creating the path of entrepreneurship? The Reason could vary person-to-person, but the most common answers are flexibility in the office timing, passion for owning a

business

, and money earned proportional to efforts and hard

work

put into the

business

, unlike cooperate jobs where some people do not get paid for extra time. In

this

essay, I will discuss the reasons for

such

a shift and the disadvantages of being self-employed. On the one hand, being a

business

owner comes with flexibility in the

work

schedule. Individuals can plan their day as per their preference.

For instance

, they can skip the peak hours metro rush and conveniently delay their start.

In addition

, if they have to put extra effort into their

business

, the reward (money) would be prominent. The passion and dedication towards their

business

is

also

higher than being employed by someone else.

On the other hand

, self-employed people manifest higher financial risk. If the market goes down, the impact would be fatal.

For example

, in the crash of 2008, many self-employed

business

owners declared bankruptcy. Apart from that,

such

individuals

also

experience disastrous

work

-life balance, as they always

work

. They can never leave the

work

behind, impacting their health in the long run.

To sum up

, we discussed the reasons motivating employees to quit nine-to-five and start their ventures. Flexible time and passion to

work

for themself are the key highlights.

Then

we briefly shed some light on the downfalls of being self-employed - higher financial risk and disturbed

work

-life balance.