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Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed? 5G8P

Many individuals nowadays prefer to work for themselves rather than being employed in an organisation. The main reason behind this preference is the freedom which people get by working independently. Though there are advantages to working for oneself, the main disadvantage is that there is no guaranteed pay check at the end of the month. The first and foremost reason that encourages people to opt for self employment is the liberty and freedom that comes along with it. That is to say, if an individual is working in an organisation then they will be bound by the rules and regulations of the company and probably have a boss to dictate terms to them. Some people do not like this concept and like to work according to their own ways. For instance, if an individual is employed in the army then he is bound by their rules and regulations. He would have to follow the dress code, meal plans as well as timings. Not everyone appreciates being bound by the rules that someone else has made. The major disadvantage of being self employed is that it requires a great deal of self discipline to succeed. As the person is not dependent or answerable to anyone when working for himself, it becomes very easy to skip deadlines. Furthermore, on skipping deadlines or missing the set targets there will be no one to bear the consequences except he himself. Another downside is the lack of a stable income. It takes years for a self-employed person to establish themselves in their field and until then there is no guarantee that they will earn enough to make a living. In conclusion, the need for liberty and freedom make people want to follow the path of self employment, but they may fail if they deviate from the set targets due to lack of discipline.

This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
Many
 individuals nowadays prefer to work for themselves rather
 than being employed
 in an Possible spelling mistake. 'organisation' is British English.organization
organisation
. The main reason behind this preference is the freedom which You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
This phrase/word (depending on the context) can be potentially replaced with :acquire
get
 by You use this word too often, consider replacing it withbusyengagedaliverunningemployedfunctioning
working
independently
. Though there are advantages to You use this word too often, consider replacing it withbusyengagedaliverunningemployedfunctioning
working
 for oneself, the main disadvantage is that there is no guaranteed pay This phrase/word (depending on the context) can be potentially replaced with :monitor
check
 at the This phrase/word (depending on the context) can be potentially replaced with :expiration
end
 of the month.

The first
 and foremost reason that encourages You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 to opt for self employment is the liberty and freedom that This phrase/word (depending on the context) can be potentially replaced with :approachesarrives
comes
 along with it. That is
 to say, if an individual is You use this word too often, consider replacing it withbusyengagedaliverunningemployedfunctioning
working
 in an Possible spelling mistake. 'organisation' is British English.organization
organisation
 then they will be bound
 by the This phrase/word (depending on the context) can be potentially replaced with :requirements
rules
 and regulations of the This phrase/word (depending on the context) can be potentially replaced with :enterprisecorporation
company
 and probably
 have a boss to dictate terms to them. This phrase/word is too simple and can be replaced with:a number of
Some
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 do not like this concept and like to work according to their This phrase/word (depending on the context) can be potentially replaced with :possess
own
 ways. For instance
, if an individual is employed
 in the army then he is bound
 by their This phrase/word (depending on the context) can be potentially replaced with :requirements
rules
 and regulations. He would This phrase/word is too simple and can be replaced with:ought to
have to
 follow the dress code, meal plans as well
 as timings. Not everyone appreciates being bound
 by the This phrase/word (depending on the context) can be potentially replaced with :requirements
rules
 that someone else has made.

The major disadvantage of being This word is normally spelled with hyphen.self-employed
self employed
 is that it requires a great deal of This word is normally spelled with hyphen.self-discipline
self discipline
 to succeed. As the person is not dependent or answerable to anyone when You use this word too often, consider replacing it withbusyengagedaliverunningemployedfunctioning
working
 for himself, it becomes This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 easy to skip deadlines. Furthermore
, on skipping deadlines or missing the set targets there will be no one to bear the The usual preposition to use after "consequences" is not "except". Did you mean "consequences of", "consequences for", or "consequences on"?consequences ofconsequences forconsequences on
consequences except
 he himself. Another downside is the lack of a stable income. It takes years for a self-employed person to establish themselves in their field and until then there is no guarantee that they will earn This phrase/word is too simple and can be replaced with:abundance
enough
 to This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 a living. In conclusion
, the need for liberty and freedom This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 want to follow the path of self employment, This phrase/word is too simple and can be replaced with:on the contrary
but
 they may fail if they deviate from the set targets due to lack of discipline. 