Nowadays many people choose to be self-employed, rather than to work for a company or organization.

Lately,
people
are pivoting towards
self-employment
and owning a business rather than working for a company or corporation. I believe the reason for
such
development is mainly because of the freedom one gets to experience.
However
, like every coin has two sides,
self-employment
also
has its disadvantages.
Firstly
, it does not give a stable source of income and
secondly
, the concept of pension wouldn'
t
work in
such
cases. On the one hand,
people
prefer being independent and free. Working in a 9-to-5 job does not give the freedom to explore other aspects of life.
Moreover
, many do not get paid well for the number of hours and tremendous effort they put in.
For example
, 70% of employees working in Alzet, a pharmaceutical company, aren'
t
satisfied with their current pay and believe they deserve better.
On the other hand
,
self-employment
isn'
t
a cup of tea for many. It requires
people
to have a lot of patience and mental strength. Importantly, the major drawback of being self-employed is the fact that one's income purely depends on how well their business runs.
For instance
, 20% of
people
who had start-ups in India went back to working for a company because they couldn'
t
make the bare minimum money needed for survival.
Additionally
,
people
who choose to be self-employed their whole life wouldn'
t
get the luxury of getting a pension once they retire. In conclusion,
self-employment
has its advantages and drawbacks. The advantages include independence and freedom,
while
it's disadvantageous in terms of financial stability and lack of pension.
Submitted by vani13padmakumar on

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