Technological advancement is playing a vital role in diverting people from working for a company to becoming entrepreneurs. It helps to choose the field of work to start.
Although
there are some disadvantages to initiating a trade, the benefits are attractive.
The main reason to kick off a business is that it gives the opportunity to become self-independent. Linking Words
As a result
, they can use their Linking Words
time
in their own way. Use synonyms
Thus
, they can distribute their life by maintaining a proper work-life balance, which is important for them and their families. Linking Words
Moreover
, they can find some spare Linking Words
time
for their friends and relatives. Use synonyms
Furthermore
, the 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 employment, they will get unlimited remuneration to lead their lives. Linking Words
For instance
, if we see the lifestyle of any renowned businessman, like the owners of Walton Hi-Tech Industries PLC, a renowned electronics company in Bangladesh, Linking Words
then
we will see that they are spending their lives in their own ways and earning a lot of money. Even, they have enough Linking Words
time
to spend quality Use synonyms
time
with their friends and family members.
Use synonyms
On the other hand
, there are some disadvantages to starting employment and maintaining the pace. It is difficult to compete with a strong competitor. Linking Words
Additionally
, primary funding for setting up a trade is crucial. Linking Words
For example
, most of the innovative ideas fail to start as a field 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 Linking Words
also
negatively impacted on the new starting. Linking Words
Such
as Novartis, a US-based pharmaceutical stopped its operation in Bangladesh because of 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 Bangladesh. Linking Words
For
Linking Words
this
reason, it was not possible for them to stay here.
In conclusion, it can be said that self-employment has some benefits, Linking Words
such
as balancing their life with work, but its disadvantages, like continuing their work, are crucial. Considering these issues, they try to move on to business.Linking Words
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