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

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These days people are highly interested in doing something on their own rather than being hired by any company. Considering all the positive insights
this
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phenomenon
also
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has some disadvantages too. On the one hand, many people, especially youth, want to be their own boss.
This
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gives them a sense of importance and makes them feel more satisfied with what they are going to achieve for themselves.
Moreover
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, many of these people prefer to work and make a profit, which belongs only to themselves.
For instance
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, if an employee comes up with a brilliant marketing idea, he or she may get a raise,
however
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, most of the profit from
this
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idea will benefit the company the most.
Lastly
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, self-employment is a way to escape the compulsory working rules of the ordinary job, because it provides the freedom to innovate any ideas without any restrictions. On the other side, self-employment has many demerits. one has to deal with the high cost and the little profit at the beginning.
This
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may include the cost of the place, any materials or tools they would use and
also
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the responsibility for any loss.
Furthermore
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, small businesses have to compete with large companies,
otherwise
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, these companies would deprive them of any success they seek.
To conclude
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, there are many reasons that anyone wants to be self-employed as they have the freedom in the work environment.
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, self-employers have to deal with the costs of starting a business.
Submitted by navneetkaur191993 on

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