In recent times, many people prefer working alone to working for an organization. As a result, there is a growing trend of startups and entrepreneurs among the young. This essay will discuss the reasons for this ownership and possible drawbacks of it.
Some people believe that work at your own pace improves productivity and innovation. Such kind of environment is at one’s disposal if they are their own boss. For instance, a web designer creating their own sites to market software products can make the best use of time to bring out unique work as there would be no one to impose rules on them. The ability to be free gives enough energy to ideate and implement better things. Besides, some believe that working for a company makes them exhausted with monotonous work which eventually becomes dissatisfying.
However, the major disadvantage of being self-employed is the influx of earnings. Working for an organisation guarantees a fixed monthly income even when the market is down whereas self-employment does not warrant it. For instance, freelancing can bring in high income when there is demand for your work but sometimes it does not bring enough money to satisfy monthly expenses. In addition, starting a business requires high capital with no guaranteed returns. Although these risks are prevalent, if successful, one gets a chance to create employment opportunities for others and stand as an inspiration.
In conclusion, being self-employed or working for a company is ultimately a choice that many people make depending on their preferences and financial stature. The merits and demerits of self-employment are debatable, but it is a fact that people are moving towards it at a high rate.
