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?

Technological advancement

isplaying

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is playing

a vital role

to divert

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in diverting

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the

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apply

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people from working for a company to

become

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becoming

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an

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apply

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enterpreneur

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entrepreneurs

. It helps to choose the field of a

business

to start.

Although

,

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apply

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there are some disadvantages to

initiate

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initiating

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a

business

, the benefits are attractive. The main reason to

kick-off

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kick off

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a

business

is that it gives the opportunity to become

self independent

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self-independent

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.

As a

result

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result,

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they can use their time

on

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in

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their own way.

Thus

, they can distribute their life by maintaining a proper work-life balance, which is important for them and their families.

Moreover

, they can find some spare

times

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time

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for their friends and relatives.

Furthermore

, the

the

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apply

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most important reason to choose their career as self-initiator is to avoid a specific remuneration which is given by a company. If they can start a profitable

business

, they will get unlimited remuneration to lead their lives.

For instance

, if we see the lifestyle of any renowned businessman, like the owners of Walton Hi-Tech Industries PLC, a renowned electronics company

of

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in

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Bangladesh,

then

we will see that they are spending their lives in their own ways and earning a lot of money. Even, they have enough time to spend quality time with their friends and family members.

On the other hand

, there are some disadvantages to

start

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starting

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a

business

and

maintain

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maintaining

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the

pach

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pace

. It is difficult to compete with

the

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a

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strong competitor.

Additionally

, primary funding for

setup

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setting up

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a

business

is crucial.

For example

, most of the innovative ideas fail to start as a

business

because of the shortage of funding. In those cases, banks do not provide loans as there is a risk of failure. Some cultural issues are

also

negatively impacted on the new starting.

Such

as

,

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apply

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Novarties

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Novartis

, a

US based

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US-based

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pharmaceuticals

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pharmaceutical

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stopped its operation in Bangladesh because of

the

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apply

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issues related to culture. Though its products maintained quality, the culture of providing samples and gifts to the doctors is beyond its culture but common in

Bangledesh

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Bangladesh

.

For

this

reason, it was not possible for them to stay here. In conclusion, it can be said that self-employment

have

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has

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some benefits,

such

as balancing their life with work,

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but it

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it

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its

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disadvantages, like

to continue

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continuing

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their

business

,

is

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are

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crucial. Considering these issues, they try to move on

business

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to business

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.