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

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The current trend of
self-employment
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is increasingly getting more popular than
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work
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working
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for a standalone organization.
Although
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self-employment
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leads to a lack of
work
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experience
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and initial investment problems, it gives the opportunity to earn extreme
salaries
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as well as
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showcase
creativity
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.
This
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essay will discuss both the advantages and disadvantages of being self-employed.
Firstly
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, the main benefit of being self-employed is the chance to earn more and provides financial freedom. Nowadays, young
graduates
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are expecting high
salaries
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starting with their careers to beat inflation. Working in a company does not offer high
salaries
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to its employees.
For instance
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, the average salary of an intern in India is 10K per month;
this
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is a huge disappointment for fresh
graduates
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, and
this
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is the reason young people tend to be attracted towards
self-employment
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.
Additionally
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,
self-employment
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provides a way to showcase individual
creativity
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and talents.
For example
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, in most IT companies, managers often prohibit young
graduates
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'
creativity
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and do not allow them to perform tasks in innovative ways.
This
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is the primary reason teenagers opt for
self-employment
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.
Secondly
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, there are several drawbacks to being self-employed, the first and foremost one being that young
graduates
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do not have ample
work
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experience
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, and
as a result
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, clients tend to doubt giving
work
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to them. Most stakeholders look for experienced freelancers to
work
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with them.
For example
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, I have seen an advertisement on social media platforms stating that freelancers should have a minimum of five years of
experience
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to associate with them.
Thus
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, having
work
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experience
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is essential for young students.
Additionally
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, the secondary disadvantage is that establishing one's own organization requires a lot of financial aid, and newly passed-out
graduates
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might not have the funds to start their own ventures.
To conclude
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, owning a venture might give high
salaries
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to earn and can display unlimited
creativity
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, but it has significant setbacks
such
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as a lack of real-time
experience
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and investment issues.
Submitted by dillirao.nakka.canada on

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Coherence and Cohesion
Ensure that the ideas are clearly organized and that paragraphs flow smoothly from one to the next, using a range of cohesive devices effectively.
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Effectively address all parts of the task, providing a clear position throughout the response. Develop your main points with explanations, extend the supporting examples and keep them closely related to the topic.
Topic Vocabulary:
  • self-employed
  • gig economy
  • entrepreneurship
  • work-life balance
  • autonomy
  • job security
  • benefits
  • health insurance
  • retirement plans
  • income
  • financial management
  • marketing
  • networking
  • customer service
  • inexperienced
  • isolation
  • camaraderie
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