Nowadays, more and more young individuals are currently opening their own companies instead of working for other employers. However, being their own boss have to face with more difficulties than working for an employer. In this essay, I will shed light on both the merits and downsides.
On the one hand, processing own business brings a number of benefits. One of the main positives is that you can make your own decision without any restriction. It gives you a chance to challenge yourself, take on the risk and reap the reward. Secondly, it would be great if your company is successful, you could get the credit and keep the profits. These things are not possible if you work as an employee in a large organization.
On the other hand, self-employment also brings some drawbacks. The first disadvantage is that financial constraints. Small companies frequently deal with the lack of funding. It means that they need to a large investment enough for developing. Another downside is that you could be taken the risk of going bankrupt. This means that if anything goes incorrect, your property could be on the line as well as your business and put people’s jobs at risk. The last negative effect is managing the people. All business are about people, and you have to learn how to deal with all kinds of people, and I think we’re been extremely good at getting the best out of our staff.
All thing considered, while opening their own business is detrimental to a certain extent, it’s advantages will eventually outweighed its demerits.
Nowadays, more and more young individuals are
currently
opening their
own
companies
instead
of working for other employers.
However
, being their
own
boss
have to
face with more difficulties than working for an employer. In this essay, I will shed light on both the merits and downsides.
On the one hand, processing
own
business
brings a number of benefits. One of the main positives is that you can
make
your
own
decision without any restriction. It gives you a chance to challenge yourself, take on the
risk
and reap the reward.
Secondly
, it would be great if your
company
is successful, you could
get
the credit and
keep
the profits. These things are not possible if you work as an employee in a large organization.
On the other hand
, self-employment
also
brings
some
drawbacks. The
first
disadvantage is that financial constraints.
Small
companies
frequently
deal with the lack of funding. It means that they need to a large investment
enough
for developing. Another downside is that you could
be taken
the
risk
of going bankrupt. This means that if anything goes incorrect, your property could be on the line
as well
as your
business
and put
people’s
jobs at
risk
. The last
negative
effect is managing the
people
. All
business
are about
people
, and you
have to
learn how to deal with all kinds of
people
, and I
think
we’re been
extremely
good
at getting the best out of our staff.
All thing considered, while opening their
own
business
is detrimental to a certain extent, it’s advantages will
eventually
outweighed its demerits.