Nowadays, self employment has risen on great extent. Although, there are many people who prefer to do work for their own company rather than to other's firm, while others believe to do job under experienced supervision brings best out of a person and chances of insolvence is also low.
At one hand of the statement, regarding the self employment, no need required to work under any supreme. In other words, one is free to do anything without any fear, stress and tension, as these are the problems associated in the job under boss. Consequently, it brings the creative side of a person. For example, the man behind the success of new startup 'zero', was also the part of google. But his company got a public recognition, and everyone appreciate his unique style. Moreover, chance of flexible working, own setup rules, profit to own only and most importantly chances of getting blamed for others work boss is less which is very frequent if someone is working for other organization.
In contrast, the positives of self-employment carry some disadvantages along with them like more risk associated to loss in terms of finance, which ultimately lead the conditions of company fall down. Money loss, and lastly depression caused by it all. As per the recent survey in India, around more than 800 startups had been registered in 2018 but only 45% of them are actively running. In addition, it is sometime thought that work for other company plays the safer side of everyone life in terms of benefits attached with it like job security, finance security, medical allowances.
In conclusion, there are some advantages and disadvantages of running own company. Self-employed person can work freely but chances of risks are more with it.
Nowadays, self employment has risen on great extent. Although, there are
many
people
who prefer to do
work
for their
own
company
rather
than to other's firm, while others believe to do job under experienced supervision brings best out of a person and
chances
of
insolvence
is
also
low.
At one hand of the statement, regarding the self employment, no need required to
work
under any supreme. In
other
words, one is free to do anything without any fear,
stress
and tension, as these are the problems associated in the job under boss.
Consequently
, it brings the creative side of a person.
For example
, the
man
behind the success of new startup 'zero', was
also
the part of google.
But
his
company
got
a public recognition, and everyone
appreciate
his unique style.
Moreover
, chance of flexible working,
own
setup
rules
, profit to
own
only
and most
importantly
chances
of getting blamed for others
work
boss is less which is
very
frequent if someone is working for
other
organization.
In contrast
, the positives of self-employment carry
some
disadvantages along with them like more
risk
associated to loss in terms of finance, which
ultimately
lead the conditions of
company
fall down. Money loss, and
lastly
depression caused by it all. As per the recent survey in India, around more than 800 startups had
been registered
in 2018
but
only
45% of them are
actively
running.
In addition
, it is sometime
thought
that
work
for
other
company
plays the safer side of everyone life in terms of benefits attached with it like job security, finance security, medical allowances.
In conclusion
, there are
some
advantages and disadvantages of running
own
company
. Self-employed person can
work
freely
but
chances
of
risks
are more with it.