It is perceived by a large section of people that self-employment is a much better way of earning one’s livelihood than being employed at an institution. I agree with this ideology to some extent, as there are certain benefits that could be derived from one’s entrepreneurship. Nevertheless, it may not always be advisable to be self-employed as it is also considered to be a risky venture.
To begin with, a self-employed person works autonomously and enjoys freedom from servitude; while a salaried employee toils away under his contractual terms. As the sole owner of his business, he revels in reaping profits from his operations and also takes pride in being the sole decision maker.
Furthermore, flexible working hours and unplanned leaves are all privileges availed only by a self-employed individual. Such a concern also allows one, creative liberty which results in better productivity.
Nevertheless, being self-employed is subject to speculation and involves a great risk of loss which is to be borne by the owner alone. Also self-employment doesn’t entitle one, to paid leaves and fixed income. For instance, a salaried man can rely on a fixed paycheck at the end of the month, irrespective of the profit earned or losses incurred by the organisation, which is more than can be said for a self-employed individual.
To conclude -the notion that self-employment is better than working for an institution remains ever debatable with both having their challenging pros and cons. But selecting a particular course of action among the two eventually depends on personal preferences and suitability.
It
is perceived
by a large section of
people
that self-employment is a much better way of earning one’s livelihood than
being employed
at an institution. I
agree
with this ideology to
some
extent, as there are certain benefits that could
be derived
from one’s entrepreneurship.
Nevertheless
, it may not always be advisable to be self-employed as it is
also
considered to be a risky venture.
To
begin
with, a self-employed person works
autonomously
and enjoys freedom from servitude; while a salaried employee toils away under his contractual terms. As the sole owner of his business, he revels in reaping profits from his operations and
also
takes pride in being the sole decision maker.
Furthermore
, flexible working hours and unplanned
leaves
are all privileges availed
only
by a self-employed individual. Such a concern
also
allows
one, creative liberty which results in better productivity.
Nevertheless
, being self-employed is subject to speculation and involves a great
risk
of loss which is to
be borne
by the owner alone.
Also
self-employment doesn’t entitle one, to paid
leaves
and
fixed
income.
For instance
, a salaried
man
can rely on a
fixed
paycheck at the
end
of the month, irrespective of the profit earned or losses incurred by the
organisation
, which is more than can
be said
for a self-employed individual.
To conclude
-the notion that self-employment is better than working for an institution remains ever debatable with both having their challenging pros and cons.
But
selecting a particular course of action among the two
eventually
depends on personal preferences and suitability.