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.