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 disadvantages of being self-employed?

In recent years, the notion of working independently

instead

of doing jobs for another organisation is getting

popularised

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popularized

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.

Nevertheless

, the probable prime cause of

this

preference is the hope of earning more money;

however

,

this

kind of decision is associated with higher financial risk

as well as

an extensive workload. First of all, individuals decide to be self-employed by thinking that they could earn more cash if they,

for example

, start their own business.

This

is because it is quite a common scenario in job sectors that employees endeavour wholeheartedly to complete their objectives given by their bosses. But when employers give them salaries, it is significantly low

in

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with

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respect to the hard

work

and efforts that they have given to the

company

.

As a result

, employees lose their motive to

work

for others and start to think about creating a new venture where they are the owners.

Moreover

, they can earn more money as they are the cash controller.

For instance

, a recent study by Harvard University based on entrepreneurship depicts that 91% of start-up owners begin to build their companies as an opportunity to acquire more wealth.

Nonetheless

,

this

mindset often comes with its own sets of drawbacks,

such

as greater financial risk and extra pressure of

work

.

Firstly

, if someone wants to start a

company

, he will have to take major financial decisions frequently. Sometimes these decisions could be the main reason for the significant losses.

Furthermore

, someone might have to put all his wealth at stake to maintain the

company

.

Then

, if the organisation fails to survive, Its owners would lose all of their hard-earned money.

Secondly

, there will always be extra pressure on the owner as they have to manage every

work

on their own without getting anyone's help. If someone wants to build up their own

company

,

then

hard

work

is a must.

Thus

, sometimes these associated risks and pressures can be the primary disadvantages of self-employment. In conclusion, It is evident that the number of people leaning towards self-employment is growing rapidly.

This

essay showed that the mindset of heavy income is the thing that drives adults to

work

on their own, and greater

work

tension and financial liabilities could be the major drawbacks of becoming self-employed.