The article presents few advantages that people have if they are opening and work for their own business and provides three reasons for support. However, the professor explains that managing your own business is not so easy as it is described in the article and refutes each of the author’s reasons.
First, the reading passage claims that bureaucracy faced by the people in big corporations is a major factor which causes employee’s frustration. If one will manage his or her own business this bureaucracy will disappear. The professor refutes this point by saying that the owners of the small businesses have to fight bureaucracy too. He mentioned that when a person open a new business many bureaucratic steps such as the issuing of the business plan, obtaining the approval for the business from the authorities, getting a loan to finance the business have to be completed in order to get the business to run.
Second, according to the article in a corporation the job security is not granted and the employees are in danger to be fired any time without notice. However, the professor contends that the job security is very low if you work for your own firm too because the person has to rely just on himself. If the owner of the business gets lazy or sick for few days nobody will take care of the job as is happening in the corporations. Hence, the job and the business might be in danger to fail any time.
Third, the reading passage avers that the employee’s fringe benefits decreased over the years and the employees have to pay more and more for the retirement plan or for the health insurance. The professor opposes this point by saying that the owner of a small company will be exposed to this hassle too. He said that the owner will have to find his own healthcare provider for health insurance. In addition to this, the owner will have to take care of the retirement plan and moreover to pay entire amount of money from his pocket to cover these benefits.
The article presents few advantages that
people
have if they are opening and work for their
own
business
and provides three reasons for support.
However
, the
professor
explains
that managing your
own
business
is not
so
easy as it is
described
in the article and refutes each of the author’s reasons.
First
, the reading passage claims that bureaucracy faced by the
people
in
big
corporations is a major factor which causes
employee’s
frustration. If one will manage
his or her
own
business
this bureaucracy will disappear. The
professor
refutes this point by saying that the
owners
of the
small
businesses
have to
fight bureaucracy too. He mentioned that when a person open a new
business
many
bureaucratic steps such as the issuing of the
business
plan, obtaining the approval for the
business
from the authorities, getting a loan to finance the
business
have to
be completed
in order to
get
the
business
to run.
Second, according to the article in a corporation the
job
security is not granted and the
employees
are in
danger
to
be fired
any time without notice.
However
, the
professor
contends that the
job
security is
very
low if you work for your
own
firm too
because
the person
has to
rely
just
on himself. If the
owner
of the
business
gets
lazy or sick for few
days
nobody will take care of the
job
as is happening in the corporations.
Hence
, the
job
and the
business
might be in
danger
to fail any time.
Third, the reading passage avers that the
employee’s
fringe benefits decreased over the years and the
employees
have to
pay more and more for the retirement plan or for the health insurance. The
professor
opposes this point by saying that the
owner
of a
small
company
will
be exposed
to this hassle too. He said that the
owner
will
have to
find his
own
healthcare provider for health insurance.
In addition
to this, the
owner
will
have to
take care of the retirement plan and
moreover
to pay entire amount of money from his pocket to cover these benefits.