It is common aspiration among many young people to run their own business, rather than work for an employer. Do you think the advantages of working for yourself outweigh the drawbacks?

The topic centering on the fact that youngsters who opt for working for themselves instead of involving in an organization brings about benefits or downsides has come up a question amongst people in society. This trend does entail some potential threats, nevertheless, this essay would argue that these are outstripped by merits.

There is no doubt that setting up their own companies poses some potential risks. Financial constraints are major drawback. It stands to reason that it could be challenging for small businesses to take out a loan from the banks which aims to raise capital to pour into their business and build a reputation via marketing while the banks hold a strong belief on larger companies’ prospects. Another issue is that you could be take the risk of going bankrupt. This means that if anything goes wrong, your property could be on the line as well as your business and put people’s jobs at risk.

Given the downsides of being self-employed, the benefits of this practice are much greater. The first merit is that they might adopt a great opportunity to have their management skills improved. This is because not only do managers take resonsibilities in their work but they have to supervise subordinates, show their employees to learn the ropes and provide guidence, which lead them in a right direction. Another good point from working on their own is that they are likely to have flexible working hours. The reason is that self-employed people can alter their own schedules which is suitable for them rather than stick to fixed working hours in organazations or companies. For instance, when compared to normal firms, employees there have to begin their work from nine and finish at five in the afternoon.

All things considered, while opening their own business is detrimental to a certain extent, its advantages will eventually outweighed its demerits.