Since one decade, entrepreneurship have gained popularity in most of the countries around the world. Some masses of experts believe that people opting to work independently instead of working under any company. There are some motives behind self employment. However, there are some drawbacks related to it which needed to surfaced. The first and foremost reason for being a self employed is personal satisfaction the work provide to any individual. Work satisfaction is trending among professionals compared to pay any type of work provide. To exemplify, 65% of working class in India do not satisfy with their current job profile and want to switch for the another job they have fantasized or become a self reliant. Apart from this, external factors are also supporting the entrepreneurship environment. For instance, central government and many state governments in India are launching various programs which are making entry of new self employed person in any market uncomplicated. Such laws are encouraging people to avail subsidies and tax benefits while starting any new business. Besides this, lifestyle of people is constantly changing and it is having directly co-relation with needs of people. Due to advent of technology, many entrepreneurs are developing some brilliant ideas and products which can satisfy the needs of people for their suitable lifestyle. Although, there are some considerable drawbacks of self employment which resist a person to work independently. Firstly, the financial security self employment offers is quite lower than the employment in any firm. In laymen terms, a business started by an individual cannot provide fixed income which any company offers to their employees. Furthermore, an established organizations provide many benefits to their employees which cannot be availed in self employment. For example, most of IT companies in India provides facilities like gym, indoor sports, libraries, cafeterias to their employees which encourage them more to work for company's goals. Additionally, there would be limited support and expertise in some of businesses which generally any established organizations offers to their employees. Many entrepreneurs have to halt their businesses as they do not know what to do in certain situations which can be related to finance, legal, marketing etc. To conclude it, there some major motives like work satisfaction, support from local governments, needs of consumers which encourage people to work independently. However, downsides of being a self reliant could be financial security and stability, extra benefits from stable companies and lack of expertise in any new business.
Since one decade, entrepreneurship have gained popularity in most of the countries around the world.
Some
masses of experts believe that
people
opting to
work
independently
instead
of working under any
company
. There are
some
motives behind self
employment
.
However
, there are
some
drawbacks related to it which needed
to surfaced
. The
first
and foremost reason for being a
self employed
is personal satisfaction the
work
provide
to any individual.
Work
satisfaction is trending among professionals compared to pay any type of
work
provide
. To exemplify, 65% of working
class
in India do not satisfy with their
current
job profile and want to switch for the another job they have fantasized or become a
self reliant
. Apart from this, external factors are
also
supporting the entrepreneurship environment.
For instance
, central
government
and
many
state
governments
in India are launching various programs which are making entry of new
self employed
person in any market uncomplicated. Such laws are encouraging
people
to avail subsidies and tax benefits while starting any new
business
.
Besides
this, lifestyle of
people
is
constantly
changing and it is having
directly
co-relation with needs of
people
. Due to advent of technology,
many
entrepreneurs are developing
some
brilliant
ideas
and products which can satisfy the needs of
people
for their suitable lifestyle.
Although
, there are
some
considerable drawbacks of self
employment
which resist a person to
work
independently
.
Firstly
, the financial security self
employment
offers is quite lower than the
employment
in any firm. In laymen terms, a
business
started
by an individual cannot
provide
fixed
income which any
company
offers to their
employees
.
Furthermore
, an established
organizations
provide
many
benefits to their
employees
which cannot
be availed
in self
employment
.
For example
, most of IT
companies
in India
provides
facilities like gym, indoor sports, libraries, cafeterias to their
employees
which encourage them more to
work
for
company
's goals.
Additionally
, there would
be limited
support and expertise in
some
of
businesses
which
generally
any established organizations offers to their
employees
.
Many
entrepreneurs
have to
halt their
businesses
as they do not know what to do in certain situations which can
be related
to finance, legal, marketing etc.
To conclude
it, there
some
major motives like
work
satisfaction, support from local
governments
, needs of consumers which encourage
people
to
work
independently
.
However
, downsides of being a
self reliant
could be financial security and stability, extra benefits from stable
companies
and lack of expertise in any new
business
.