Nowadays, many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed v.26
Nowadays, many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed v. 26
Recently, people now prefer to work for themselves rather than being employed in an enterprise or factory. This essay will discuss the reason why people might choose to be self-employed, and state the demerits of this latest development.
The reason for this recent trend is that schedules are more flexible when people earn a living without working for others. In other words, people can easily determine their resumption and closing hours without any consequences, which means they are able to plan, reschedule, and cancel engagements at their personal terms and conditions that suit their current plans. For example, a local bottling company in Lagos reported that there was an upsurge in the number of people that resigned in 2018 because of the company's rigid work hours. Thus, many people are drifting to the path of personal paying jobs, which they self determines how it runs.
However, there are many disadvantages to working independently. Firstly, the risk of the business is borne solely by the individual owner. This is because the company is managed by just one person who is responsible for all the profits and losses of the business, and therefore, the danger of a one man business is high as all problems associated with the investment is managed alone. For instance, many personally owned food businesses collapsed as a result of the rise in inflation rate in 2018. In addition, the chances of mismanaging and misappropriating funds becomes more possible because an individual is in charge of all financial dealings. This affects the general growth and development of a craft as there will be no checks and balances.
In conclusion, these days, many people choose not to be an employee, they rather would fend for themselves. There are drawbacks to this tendency because this is risky as well as can lead to money mismanagement
Recently,
people
now
prefer to work for themselves
rather
than
being employed
in an enterprise or factory. This essay will discuss the reason why
people
might choose to be self-employed, and state the demerits of this latest development.
The reason for this recent trend is that schedules are more flexible when
people
earn a living without working for others.
In other words
,
people
can
easily
determine their resumption and closing hours without any consequences, which means they are able to plan, reschedule, and cancel engagements at their personal terms and conditions that suit their
current
plans.
For example
, a local bottling
company
in Lagos reported that there was an upsurge in the number of
people
that resigned in 2018
because
of the
company
's rigid work hours.
Thus
,
many
people
are drifting to the path of personal paying jobs, which
they self
determines how it runs.
However
, there are
many
disadvantages to working
independently
.
Firstly
, the
risk
of the
business
is borne
solely
by the individual owner. This is
because
the
company
is managed
by
just
one person who is responsible for all the profits and losses of the
business
, and
therefore
, the
danger
of a one
man
business
is high as all problems associated with the investment
is managed
alone.
For instance
,
many
personally
owned
food
businesses
collapsed
as a result
of the rise in inflation rate in 2018.
In addition
, the chances of mismanaging and misappropriating funds becomes more possible
because
an individual is in charge of all financial dealings. This affects the general growth and development of a craft as there will be no
checks
and balances.
In conclusion
, these days,
many
people
choose not to be an employee, they
rather
would fend for themselves. There are drawbacks to this tendency
because
this is risky
as well
as can lead to money
mismanagement
8Linking words, meeting the goal of 7 or more
8Repeated words, meeting the goal of 3 or fewer
8Mistakes