Nowadays many people choose to be self-employed, rather than o work for a company or organization. Why might this be the case? What could be the disadvantages of being self-employed?

In
this
contemporary era, a majority of people prefer to run their own business, rather than to work for others. In my opinion,
this
phenomenon may bring several benefits for them. I am
also
convinced that self-employment has its own drawbacks too. It is my view that setting up a personal business might be easy in recent years since globalization has been taking place so fast and the Internet provides a global marketplace.
For example
, small businesses have been increasing
due to
the virtual world and a vast number of adolescents find it practical to gain money through online shops.
In other words
, social media become a source of revenue in
this
modern century which facilitates trade and boosts interpersonal skills.
Furthermore
, does not need strong credentials, since it is not competitive.
In addition
, being their own boss offers greater freedom and a sense of achievement.
For instance
, people who are self-employed have weekends off and flexible working hours. Research findings confirm that
such
laborers become more creative and happier which results in a higher standard of living and a luxurious lifestyle in the long run. I
further
believe that self-employment has some negative impacts. First and foremost, there is less financial stability in
such
careers,
therefore
, many businesses fail to make a profit.
As a result
, bankruptcy would be an adverse consequence which brings several detrimental impacts for the owner of the business. From an interpersonal perspective, it not only brings poor job security but
also
vague career prospects which might lead to economic issues
as well as
psychological problems
such
as depression.
Moreover
, self-employment involves hard work, long hours and total responsibility
as well as
no pensions, sick pay and holiday pay.
Therefore
, it is not preferable for elderly citizens, as they have a desire for a secure retirement with appropriate insurance. In conclusion, having a sense of freedom assists individuals who are self-employed to become more innovative and live happier compared with those of work for an organization. From my standpoint,
this
matter brings some disadvantages, namely facing financial issues and being bankrupt.
Submitted by shabnam.sohanian on

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

  • Introduction
  • Body paragraph 1 – advantages
  • Body paragraph 2 – disadvantages
  • Conclusion

Examples to start your body paragraph:

  • The main advantage is...
  • The disadvantage of this...
  • The main benefit...
  • Despite these advantages...
  • One possible drawback...

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Topic Vocabulary:
  • self-employed
  • company
  • organization
  • freedom
  • independence
  • income potential
  • flexibility
  • working hours
  • working location
  • passions
  • interests
  • decision-making
  • business practices
  • disadvantages
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