In today’s time, many individuals choose to have their own business instead of working for some other company. I believe that the disadvantages are overlapping the advantages.
To start with, in many modern societies, entrepreneurship is greatly encouraged with a lot of business seminars and workshops advertised. Owning a business comes with so many advantages, like freedom of time and work. And even the image itself has a certain feel of luxury respectability and success. People are even told that they have no limits and can easily become as wealthy as Steve John if they wish to.
But as we know, every coin has two sides. Owning a business can sometimes be so risky and even come up with so many drawbacks. If a future business person does not have proper knowledge about their business, then it might lead to losses. Even so, sometimes individuals become bankrupt. For example, if an individual starts a business with an online clothing brand, then it is necessary to be a jack of all trades. Being Taking on the responsibilities of an accountant, PR, HR manager, photographer, editor, or call attendee at the same time can be a burden and make the person wish that they had never done it at all.
Last but not least, self-employed people are the only people responsible for their own vacation, sick or maternity leave, or any job perks. So, in a nutshell, being your own master has many downsides. That is why people decide to play it safe.
In
today
’s time,
many
individuals choose to have their
own
business
instead
of working for
some
other
company
. I believe that the disadvantages are overlapping the advantages.
To
start
with, in
many
modern societies, entrepreneurship is
greatly
encouraged with
a lot of
business
seminars and workshops advertised. Owning a
business
comes
with
so
many
advantages, like freedom of time and work. And even the image itself has a certain feel of luxury respectability and success.
People
are even
told
that they have no limits and can
easily
become as wealthy as Steve John if they wish to.
But
as we know, every coin has two sides. Owning a
business
can
sometimes
be
so
risky and even
come
up with
so
many
drawbacks. If a future
business
person does not have proper knowledge about their
business
, then it might lead to losses. Even
so
,
sometimes
individuals become bankrupt.
For example
, if an individual
starts
a
business
with an online clothing brand, then it is necessary to be a jack of all trades. Being Taking on the responsibilities of an accountant, PR, HR manager, photographer, editor, or call attendee at the same time can be a burden and
make
the person wish that they had never done it at all.
Last
but
not least, self-employed
people
are the
only
people
responsible for their
own
vacation, sick or maternity
leave
, or any job perks.
So
, in a nutshell, being your
own
master has
many
downsides.
That is
why
people
decide to play it safe.