Working remains priority for all. There exists numerous employment opportunities from working in an mnc to running their own business. The transition to working as self employed is on a
rise. The essay essentially takes into account the factors for the same and mentions the disadvantages of being self employed.
The average working duration in a job lasts for about 9 hours. A nine hour working shift somehow compromises with the work-life balance of a person leading to an unsatisfied, monotonous
and an impractical routine. Moreover, in many cases, the remuneration a person gets has failed to fulfil one's requirements. Further discussing the previous points, self-employment allows
flexible yet personalised working. There remains absolutely no limitation to what extent one can earn or work. Additionally, many people remain insecure regarding their job security which
certainly is not an issue with self employment.
Self employment, however, is not a perfect form of employment. The initial cost of setting up a business costs a fortune. There exists a requirement for constant efforts inorder to
successfully sustain the business which is not only tough but mentally and physically exhausting. Most importantly, incase of a health emergency, the flow of earnings get restricted
since the business functions on the isntructions of only one person, ie the owner. Added to this, there are no addtional incentives similar to what the workers in an mnc are entitled to.
Lastly, self employment involves a high volume of risk. Gaining stability and performance is mostly dependent on one person which sometimes leave to unfavourable results due to
incompetency.
While there remains no doubt that self employment has it's advantages and disadvantages as mentioned but if the self employed is able to outperform and overcoming the disadvantages,
then surely the transition is worth the risk.
Working
remains
priority for all. There exists numerous
employment
opportunities from
working
in
an
mnc
to running their
own
business
. The transition to
working
as
self employed
is on
a
rise
. The essay
essentially
takes into account the factors for the same and mentions the disadvantages of being
self employed
.
The
average
working
duration in a job lasts for about 9 hours. A
nine hour
working
shift somehow compromises with the work-life balance of a
person
leading to an unsatisfied,
monotonous
and
an impractical routine.
Moreover
, in
many
cases, the remuneration a
person
gets
has failed to fulfil one's requirements.
Further
discussing the previous points, self-employment
allows
flexible
yet
personalised
working
. There
remains
absolutely
no limitation to what extent one can earn or work.
Additionally
,
many
people
remain
insecure regarding their job security which
certainly
is not an issue with self employment.
Self
employment
,
however
, is not a perfect form of
employment
. The initial cost of setting up a
business
costs a fortune. There exists a requirement for constant efforts
inorder
to
successfully
sustain the
business
which is not
only
tough
but
mentally and
physically
exhausting. Most
importantly
,
incase of
a health emergency, the flow of earnings
get
restricted
since the
business
functions on the
isntructions
of
only
one
person
,
ie
the owner.
Added
to this, there are no
addtional
incentives similar to what the workers in
an
mnc
are entitled
to.
Lastly
, self
employment
involves a high volume of
risk
. Gaining stability and performance is
mostly
dependent on one
person
which
sometimes
leave
to
unfavourable
results due
to
incompetency
.
While there
remains
no doubt that self
employment
has
it's
advantages and disadvantages as mentioned
but
if the
self employed
is able to outperform and overcoming the disadvantages,
then
surely
the transition is worth the
risk
.