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 disadvantages of being self-employed?
In recent years, many
people
have become self-employed and established their own businesses
instead
of working for a corporation. This
is the case because of several factors which are unemployment or difficulties of finding work with a good salary. However
, there are some drawbacks because small projects need a huge budget to ensure success.
Firstly
, the reason people
are self-employed is they cannot find a job with a good salary. Many organizations give their employees
many tasks with only a small amount of money
which is very stressful for them, also
recently in some countries, the unemployment rate has been very high and it is considered extremely difficult to find a job. For instance
, India has the highest rate of unemployment at 90% due to
population density which leads people
to establish their own businesses
to gain money
from it and avoid poverty.
Secondly
, having said that certainly there are some drawbacks of being self-employed such
as strong capital for allowing your business
success. It is said that businesses
need a huge amount of money
to start, for example
, you would need some employees
to work with you, items, a good place to rent, etc. Thus
money
just guarantees your business
success. Additionally
, self-employed cannot have health
insurance either for their employees
or their families, so health
care might be very costly for them. To illustrate big companies can offer good health
insurance for their employees
and housing allowance as well however
, for small businesses
it is extremely expensive to offer that for their workers.
In conclusion, for several reasons, people
recently became self-employed and independent rather than working for an organization due to
they are not being paid enough or they cannot find a job in their country. It is expected that there are disadvantages to establishing your business
because sometimes you cannot afford health
care insurance for your workers and also
you need big capital to start and ensure your business
will be successful.Submitted by ghazl.1998g on
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clarification advice
Clarify some points with more precise language to enhance understanding, particularly in the discussion of strong capital requirements for self-employment.
language advice
Consider refining sentence structures to avoid repetition and increase readability.
structure highlight
The essay provides a clear introduction and conclusion, addressing the prompt effectively.
organization highlight
Each paragraph discusses a distinct idea, contributing to a well-organized structure.
example highlight
Relevant examples, such as the unemployment issue in India, are used to support arguments.
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