Nowadays many people choose to be self-employed, rather than to work for a company or an organization.
Why might this be the case? What could be the disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words.
MY ESSAY:
These days, more and more people have a propensity to be self-employed instead of being employees of any corporations or organizations. There are several possible reasons for this case and we cannot deny some certain drawbacks of this development.
To commence with, there have been a number of reasons for people choosing to have their own business. Firstly, people nowadays are getting more and more initiative, thus they do not want to be followers but leaders. Since being self-employed can give these individuals chances to take the initiative, they opt for building up their businesses and becoming owners. Take the example of my uncle, after having been turned down several times for a position in a company that he applied to, he went for building up a company of his own and his enterprise made a great success. Second, many people especially the young would prefer to challenge themselves by becoming freelancers in many facets of work. It is undeniable young persons could possibly perform their best potential when being independent in their work.
Nevertheless, this trend could bring people unexpected disadvantages. To begin with, if one does not have enough necessary to be self-employed and keeps moving on with this path, they could be more prone to failure. Some latest published research has shown that a high rate of young people's own businesses went bankrupt due to lack of experience. Additionally, in order to be self-employed, one needs to have a stable financial basement in advance, thus people need to be well-prepared for this decision, which requires a lot of time.
In conclusion, the tendency to be initiative and to experience challenges in work prompt people to be self-employed. However, this development can bring people some drawbacks about unwanted failure and expose them to the financial burden.
(299 words)