In recent years, there is a significant growth in self-employment all over the world. This essay will analyze some main reasons, as well as examine several drawbacks of this growing trend.
Several reasons can explain why more people choose to be self-employed nowadays. Firstly, this matter can be attributed to the fact that entrepreneurs are likely to have better income potential. The reason is that earnings of those who are traditionally employed often depend on their positions’ salary cap, not their efforts or hard work. However, self-employment can help individuals increase this salary cap, since their income will correspond directly to their efficiency at work. Another possible reason of being self-employed could be flexible work schedules. More specifically, entrepreneurs are attracted by the chance to select their working hours and workplace which best suit their lifestyle and family needs.
Nevertheless, this trend also has some negative aspects that should be taken into consideration. One of the biggest deterrents is the lack of financial security as entrepreneurs no longer receive steady pay from their employers. In fact, their income might vary significantly, depending on market situation, running cost and other expenses. Sometimes they can earn richly; however, there are certain times when their earnings could be extremely low. In addition, self-employment often requires excessive workload and longer working hours, since people who work for themselves have to handle all aspects of their business, ranging from marketing and sales to financial and administrative responsibilities.
To conclude, although being an entrepreneur has some certain attractions, there are some disadvantages that should be considered carefully.
In recent years, there is a significant growth in self-employment all over the world. This essay will analyze
some
main
reasons
,
as well
as examine several drawbacks of this growing trend.
Several
reasons
can
explain
why more
people
choose to be self-employed nowadays.
Firstly
, this matter can
be attributed
to the fact that
entrepreneurs
are likely to have better income potential. The
reason
is that earnings of those who are
traditionally
employed
often
depend on their positions’ salary cap, not their efforts or
hard
work
.
However
, self-employment can
help
individuals increase this salary cap, since their income will correspond
directly
to their efficiency at
work
. Another possible
reason
of being self-employed could be flexible
work
schedules. More
specifically
,
entrepreneurs
are attracted
by the chance to select their working hours and workplace which best suit their lifestyle and family needs.
Nevertheless
, this trend
also
has
some
negative
aspects that should
be taken
into consideration. One of the biggest deterrents is the lack of financial security as
entrepreneurs
no longer receive steady pay from their employers. In fact, their income might vary
significantly
, depending on market situation, running cost and other expenses.
Sometimes
they can earn
richly
;
however
, there are certain times when their earnings could be
extremely
low.
In addition
, self-employment
often
requires excessive workload and longer working hours, since
people
who
work
for themselves
have to
handle all aspects of their business, ranging from marketing and sales to financial and administrative responsibilities.
To conclude
, although being an
entrepreneur
has
some
certain attractions, there are
some
disadvantages that should
be considered
carefully
.