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

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of doing jobs for another organisation is getting

popularised

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popularized

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.

Nevertheless

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, the probable prime cause of

this

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preference is the hope of earning more money;

however

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,

this

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kind of decision is associated with higher financial risk

as well as

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

for example

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, start their own business.

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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

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and efforts that they have given to the

company

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.

As a result

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, employees lose their motive to

work

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

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

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, 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.

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,

this

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mindset often comes with its own sets of drawbacks,

such

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as greater financial risk and extra pressure of

work

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.

Firstly

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, if someone wants to start a

company

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

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

company

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.

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

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

work

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

company

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,

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hard

work

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is a must.

Thus

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, 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

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

work

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on their own, and greater

work

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