Nowadays many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

t is quite common nowadays for people to be self-employed, rather than working for a company or organization. This essay will look into the reasons for that change, and then discuss some of the disadvantages of being self-employed. In the information era, it is quite possible for people to work at home on their computer. The internet has opened up all sorts of possibilities in terms of making money, and so people may work as freelancers or start their own company. It has never been easier to do this because in the past working for yourself required renting an office or shop, whereas now you can simply set up a website or social media profile. People typically prefer this because it allows them a great deal of freedom. A person who prefers nights and loathes waking up early might choose to conduct their business at night, whereas someone who likes to travel might work from a laptop while visiting different places. Of course, there are some disadvantages to being unemployed. This sort of employment lacks the security of a traditional job. In most countries, workers are protected by laws that guarantee them certain rights. However, with no employer and no workplace, these laws do not apply. Similarly, traditional jobs provide pension plans and health insurance, but when you work for yourself you have to provide these yourself, and they are not cheap. In fact, most self-employed people simply forego these things and take the risk as a part of their comparatively free life. In conclusion, being self-employed allows people a far greater degree of freedom in their life, but there are several significant drawbacks that mean this sort of work is not suitable for everyone.