It is true that instead of working in a particular corporation, people tend to start up their own business. The cause of this is that the profit is way more than the person earns while working in a company. However, there are some disadvantages such as owner can suffer from mental problems due to a large number of responsibilities. This essay will explain the reason behind this and also the disadvantages of being self-employed.
The main reason why people want to become self-employed is that the profit is by far the highest than working as an employee. For instance, the general worker of a particular company in India earns around ₹10, 000 to 20000 depending on a job. However, the owner of a specific corporation can gain two or three times higher than that of the general worker. The cause of this is that the money generated from the self-owned business will remain to a company's owner and some amount of money distributed among workers as salary. Therefore, owners earn way more than employees of a particular organization. As a result, people tend to open their own business.
There are certain drawbacks to this notion, like the responsibilities of the owner will increase. As a consequence, a self-employed person can suffer from mental problems such as depression and anxiety. Despite hiring workforce, the stress of managing and handling the work remains on the owner. Hence, self-employed individuals always remain stressed about managing the business.
To conclude, it is true that people nowadays more inclined towards self-employment due to the profit generated by these businesses. However, there are drawbacks like an owner can suffer from mental problems because of increased responsibilities.
It is true that
instead
of working in a particular corporation,
people
tend to
start
up their
own
business. The cause of this is that the profit is way more than the person earns while working in a
company
.
However
, there are
some
disadvantages such as
owner
can suffer from mental problems due to
a large number of
responsibilities. This essay will
explain
the reason behind this and
also
the disadvantages of being self-employed.
The main reason why
people
want to become self-employed is that the profit is by far the
highest
than working as an employee.
For instance
, the general worker of a particular
company
in India earns around ₹10, 000 to 20000 depending on a job.
However
, the
owner
of a specific corporation can gain two or three times higher than that of the general worker. The cause of this is that the money generated from the self-
owned
business will remain to a
company
's
owner
and
some
amount of money distributed among workers as salary.
Therefore
,
owners
earn way more than employees of a particular organization.
As a result
,
people
tend to open their
own
business.
There are certain drawbacks to this notion, like the responsibilities of the
owner
will increase. As a consequence, a self-employed person can suffer from mental problems such as depression and anxiety. Despite hiring workforce, the
stress
of managing and handling the work remains on the
owner
.
Hence
, self-employed individuals always remain
stressed
about managing the business.
To conclude
, it is true that
people
nowadays more inclined towards self-employment due to the profit generated by these businesses.
However
, there are drawbacks like an
owner
can suffer from mental problems
because
of increased responsibilities.