In the current era, work as a freelancer is treading among youngsters. Many young people prefer to work for themselves rather than work as employees in a firm. This essay will discuss benefits and drawbacks of self-employment.
Putting light on advantages of self-employed. First and foremost is, individuals can do their work with freedom with their rules and regulation, no obstacles by anyone such as manager or boss. To add, youngster, begin their own startup in highly competitive market, where a person needs a higher degree and work experience to get a job and work as an employee in a company. In addition, entrepreneurs can earn money faster and much than company employees, also they work in their own time and place and save money from not commute from home to workplace. Secondly, self-employed persons have more confidence and good communication skill, they are energetic and passionate about their works.
However, there are some disadvantages of work as a self-employed. To begin with, a novice business person needs financial supports to start his/her startup and it cannot be getting easily from banks. Furthermore, there is no guarantee of profit in business at end of the month and sometimes clients can refuse to give their works to new business firm due to less experience. Next, recession can impact on self-employment and persons would loss in their startup, while company employees can get a paycheck at the end of the month and have a secure job. For instance, during corona pandemic, many startup companies close due to lack of financial supports. Additionally, self-employed people need to compromise with their family and friends commitment, because of focus on their business and complete works on given timeline.
In conclusion, it can be said that there are many pros of self-employment such as more money, gain experience, improve their skills and freedom to work. Whereas, there is no guarantee of success in self business and an individual will face more struggle than an employee.
In the
current
era,
work
as a freelancer is treading among youngsters.
Many
young
people
prefer to
work
for themselves
rather
than
work
as
employees
in a firm. This essay will discuss benefits and drawbacks of self-employment.
Putting light on advantages of self-employed.
First
and foremost is, individuals can do their
work
with freedom with their
rules
and regulation, no obstacles by anyone such as manager or boss. To
add
, youngster,
begin
their
own
startup in
highly
competitive market, where a
person
needs a higher degree and
work
experience to
get
a job and
work
as an
employee
in a
company
.
In addition
, entrepreneurs can earn money faster and much than
company
employees
,
also
they
work
in their
own
time and place and save money from not commute from home to workplace.
Secondly
, self-employed
persons
have more confidence and
good
communication
skill
, they are energetic and passionate about their works.
However
, there are
some
disadvantages of
work
as
a self-employed
. To
begin
with, a novice
business
person
needs financial supports to
start
his/her startup and it cannot be getting
easily
from banks.
Furthermore
, there is no guarantee of profit in
business
at
end
of the month and
sometimes
clients can refuse to give their works to new
business
firm due to less experience.
Next
, recession can impact on self-employment and
persons
would
loss
in their startup, while
company
employees
can
get
a paycheck at the
end
of the month and have a secure job.
For instance
, during corona pandemic,
many
startup
companies
close due to lack of financial supports.
Additionally
, self-employed
people
need to compromise with their family and friends commitment,
because
of focus on their
business
and complete works on
given
timeline.
In conclusion
, it can
be said
that there are
many
pros of self-employment such as more money, gain experience,
improve
their
skills
and freedom to
work
. Whereas, there is no guarantee of success in self
business
and an individual will face more struggle than an
employee
.