Nowadays,many people choose to be self-employed,rather than to work for a company or organisation.why might this be the case?what could be the disadvantage of being self-employed?

Nowadays, many individuals are opting for

self-employment

over traditional employment within companies or organizations.

This

trend may stem from several reasons, but it

also

presents certain disadvantages. One primary motivation for people choosing

self-employment

is

the

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dissatisfaction with the income earned from conventional jobs.

For instance

, in Thailand, where I reside, the minimum salary for university graduates is set at 15,000 baht per month. Many recent graduates find

this

income insufficient to meet their needs and aspirations, prompting them to explore entrepreneurial ventures.

Additionally

, some individuals are driven to

self-employment

due to

negative workplace environments. The unpleasant

behavior

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of superiors or colleagues can lead employees to seek independence by starting their own businesses.

However

,

self-employment

comes with its own set of challenges. One notable disadvantage is the sole responsibility of handling various business difficulties. Unlike employees who can rely on support systems within organizations, entrepreneurs must navigate obstacles independently.

Moreover

, even during periods of financial loss, self-employed individuals are burdened with fixed expenses

such

as employee wages, raw materials, and rental fees, which can exacerbate financial strain. In conclusion,

while

the choice of

self-employment

offers autonomy and potential financial rewards, it

also

entails significant risks and responsibilities. The decision to pursue entrepreneurship should be carefully weighed against the potential drawbacks to ensure informed choices and sustainable business ventures.