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What could be the disadvantages of being self employed?

What could be the disadvantages of being self employed? lqW5o
There are a multitude of ways to earn a living, whether it be a regular job, a business or freelancing. Just as there are two sides of every coin, there are advantages and disadvantages of each of the ways of earning. Most commonly, people choose a job or sometimes, the courageous ones decide to start their own business. But what is the fundamental difference between the ideologies of these two types of people? For most part of history since industrialisation, getting employed and doing a regular job has been the safest way to ensure one’s survival. The appeal to work for a firm on a fixed salary lies in its stability and predictability. While this remains a reasonable choice for most of the people, there has been a recent growth in the observed number of start-ups as well as that of self-employed individuals. This change can be attributed to many factors that drive the market and industrial trends, but one of the biggest contributors is the newly found preference to freedom and the desire to work on one’s own terms. There are risks in being self-employed or starting a new business, namely, the uncertainty due to the lack of a stable income, but in the eyes of a lot of people, the potential of these ventures outweighs the risks by a large enough margin so as to encourage them to take those risks. A lot of good examples come to mind when one thinks in terms of working for someone else versus working for oneself, i. e. , business. There are several well known entrepreneurs like Mark Zuckerberg, Jeff Bezos, Elon Musk and Ratan Tata, who left their jobs at some point and took the financial risk to start their own companies. Even the not-so-popular businessmen experience greater satisfaction with their career due to the sense of freedom and achievement that comes with working for oneself.
There are a multitude of ways to earn a living, whether it be a regular
You use this word too often, consider replacing it with
job
, a
You use this word too often, consider replacing it with
business
or freelancing.
This phrase/word is too simple and can be replaced with:
Just
as there are two sides of every coin, there are advantages and disadvantages of each of the ways of earning. Most
commonly
,
This phrase/word (depending on the context) can be potentially replaced with :
people
choose a
You use this word too often, consider replacing it with
job
or
This phrase/word (depending on the context) can be potentially replaced with :
sometimes
, the courageous
You use this word too often, consider replacing it with
ones
decide to
This phrase/word (depending on the context) can be potentially replaced with :
start
their
This phrase/word (depending on the context) can be potentially replaced with :
own
You use this word too often, consider replacing it with
business
.
This phrase/word is too simple and can be replaced with:
But
what is the fundamental difference between the ideologies of these two types of
This phrase/word (depending on the context) can be potentially replaced with :
people
?

For most part of history since
Possible spelling mistake. 'industrialisation' is British English.
industrialisation
, getting employed and doing a regular
You use this word too often, consider replacing it with
job
has been the safest way to ensure one’s survival. The appeal to work for a firm on a
This phrase/word (depending on the context) can be potentially replaced with :
fixed
salary lies in its stability and predictability. While
Did you mean "these"?
this
remains a reasonable choice for most of the
This phrase/word (depending on the context) can be potentially replaced with :
people
, there has been a recent growth in the observed number of
This phrase/word (depending on the context) can be potentially replaced with :
start
-ups
as well
as that of self-employed individuals. This
This phrase/word (depending on the context) can be potentially replaced with :
change
can
be attributed
to
This phrase/word is too simple and can be replaced with:
many
factors that drive the market and industrial trends,
This phrase/word is too simple and can be replaced with:
but
one of the biggest contributors is the
newly
found preference to freedom and the desire to work on one’s
This phrase/word (depending on the context) can be potentially replaced with :
own
terms. There are
This phrase/word (depending on the context) can be potentially replaced with :
risks
in being self-employed or starting a new
You use this word too often, consider replacing it with
business
,
namely
, the uncertainty due to the lack of a stable income,
This phrase/word is too simple and can be replaced with:
but
in the eyes of
This phrase/word is too simple and can be replaced with:
a lot of
This phrase/word (depending on the context) can be potentially replaced with :
people
, the potential of these ventures outweighs the
This phrase/word (depending on the context) can be potentially replaced with :
risks
by a large
This phrase/word is too simple and can be replaced with:
enough
margin
'So as to' expresses purpose and is used in formal texts. Consider using "to"
so as to
encourage them to take those
This phrase/word (depending on the context) can be potentially replaced with :
risks
.

This phrase/word is too simple and can be replaced with:
A lot of
This phrase/word (depending on the context) can be potentially replaced with :
good
examples
This phrase/word (depending on the context) can be potentially replaced with :
come
to mind when one
This phrase/word (depending on the context) can be potentially replaced with :
thinks
in terms of working for someone else versus working for oneself,
There should be no space here: "i.e.".
i. e.
Put a space after the comma, but not before the comma
,
You use this word too often, consider replacing it with
business
. There are several well known entrepreneurs like Mark Zuckerberg, Jeff Bezos, Elon Musk and
Possible spelling mistake found.
Ratan
Tata, who
This phrase/word (depending on the context) can be potentially replaced with :
left
their
You use this word too often, consider replacing it with
jobs
at
This phrase/word is too simple and can be replaced with:
some
point and took the financial
This phrase/word (depending on the context) can be potentially replaced with :
risk
to
This phrase/word (depending on the context) can be potentially replaced with :
start
their
This phrase/word (depending on the context) can be potentially replaced with :
own
This phrase/word (depending on the context) can be potentially replaced with :
companies
. Even the not-
This phrase/word is too simple and can be replaced with:
so
-popular businessmen experience greater satisfaction with their career due to the sense of freedom and achievement that
This phrase/word (depending on the context) can be potentially replaced with :
comes
with working for oneself.
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IELTS academic What could be the disadvantages of being self employed?

Academic
  American English
3 paragraphs
316 words
6.0
Overall Band Score
Coherence and Cohesion: 7.0
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • ?
    Include an introduction and conclusion
  • ?
    Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • ?
    Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • ?
    Support ideas with relevant, specific examples
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  • Meet the criteria
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