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 the disadvantages of being self-employed?

In the modern century, many individuals decide to be self-employed

instead

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of working for a company or organization. Actually, entrepreneurs want to improve their financial situation and have more growth opportunities.

However

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,

this

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can lead to many issues for them

such

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as high responsibility, stress and enhanced financial risks.

To begin

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with, the idea of having a small business is becoming popular year by year for several reasons.

Firstly

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, innovators have the idea that small companies can provide high salaries and improve financial stability,

additionally

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giving more developing opportunities with less time.

For instance

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, a company worker might be earning 500 US dollars

while

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the individual businessman can make more than 1500$ in the first months.

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, there is no limit to expanding and creating an organization in the future,

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it provides flexible working hours and work-life balance,

to

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due to

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the lack of bosses that demand to work a certain amount of time.

On the other hand

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, job individualism has some demerits that might deteriorate situations with finances and health problems. In the

beginning

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businessperson needs to take risks and buy a lot of things and spend loads of money,

moreover

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, if they fail, they will lose all their wealth monumentally.

In addition

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, self-employed persons bear full responsibility for the success or failure of the company, being stressed all the time.

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, high levels of stress may create physiological and mental problems.

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, the National University of Health in London in the research concluded that individual entrepreneurs have higher levels of depression and stress level than corporation workers.

To conclude

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, being self-employed provides convenience and many advantages, but can contribute to many problems and worsen the situation.