/ self-employment vs. employment - own business seems to be increasingly popular among individuals
prompt: compare and contrast self-employment and employment
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Some people prefer to be employed. In their opinion, self-employment requires huge investments, practical experience and a wide variety of management skills; moreover, most, avoid taking such huge financial risks. Nevertheless, nowadays, self-employment is becoming an increasingly common choice for individuals, since being self-employed offers ones noticeably high rewards, job satisfaction, as well as
improved quality of life.
Firstly, one of the most tempting advantages of running your own business seems to be earning huge salaries; in other words, the fruits of your labor will be all yours, because you own the wine yard. Independent contractors, for example, may deduct business expenses from their taxes which may increase their net pay. In fact, by reaping the rewards of your own effort, you'll earn more in long term. So, self-employed ones are provided financially to pursue their dreams.
What's more, self-employment involves ones' interest in their career; that means, self-employment allows individuals to choose the type of their career according to their interest. William, an art alumnus, to illustrate, has to make choice if he wants to take considerable risks for running his own business or to implore a boss to employ him and finally tolerate the drudgery of working for interminable hours a day. In fact, people, motivated and interested in their career, are more likely to promote and enhance the quality of their working life. Thus, self-employed ones are offered an opportunity to focus on the aspects of their career they most enjoy and master in the field.
Last but not least, self-employed ones are given a chance to experience freedom; it means, they can work at their own pace, manage their working hours, hire qualified people, they trust and what it boils down to is that they're not bossed around. A boss, for example, can work for four or five hours, meanwhile, his employer has to work for interminable eight hours which tires and precludes him from spending a short time with his wife. As a matter of fact, self-employed ones could ideally set their hours and enjoy improved quality of life as well as job satisfaction. To conclude, entrepreneurs are more likely to succeed in providing their family both financially and emotionally.
In conclusion, self-employment seems to be getting increasingly popular among individuals; since they could earn further, be satisfied with their career and lead an ideal life. Provided one has good decision making and risk taking skills, having the knack to be in the right place at the right time, self-employment would definitely be an informed choice for him to make.