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?

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

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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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