Nowadays, there are various types of employment for job seekers but self-employment is the most popular among people. There are many benefits of
this
like greater flexibility, higher earnings from profit, and self-administrative. Linking Words
On the other hand
, there are some huge risks associated with it like variable pay and no replacement which are not a cup of cake for everyone. Linking Words
Thus
, even though people choose to be self-employed, they should take into account the disadvantages associated with it.
On one hand, a business does not provide a safe cushion for constant wage, Linking Words
instead
, income generated through profits is often variable. Linking Words
For instance
, a sugarcane trader will earn huge profits during the crop season but will remain idle during off season. Linking Words
Thus
, annual profit generated through business is often dependent on the demand for the product or services. These variable payments often create stress and insecurity among the family members.
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In addition
to income, non-replacement is another major risk involved with it. Linking Words
While
working in a company, there are temporary replacements are hired from the start but not in self-employment. Linking Words
For example
, if a freelancer has taken some contractual jobs, Linking Words
then
the person is solely responsible for the completion of the task. In the event of sickness or accidents, those responsibilities are not transferrable to another person. Linking Words
Thus
, self-employment does provide huge profits but is a huge headache in difficult times.
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To conclude
, business and freelancing are highly rewarding in some cases but are often stress amplifiers and huge troubles in case of non-completion of jobs. Each individual should consider each aspect of employment carefully before considering it as their primary income source.Linking Words
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