Topic: Nowadays,many people choose to be self-employed, than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self employed?
These days, a large number of people do not work for a corporate employer but for themselves. In my opinion, the preference for self-employment stems from a desire for freedom and flexibility, and the downside to it is a lack of income security.
Self-employment is so popular for a variety of reasons, not the least of which is that it allows for a flexible schedule. By earning a living independently, individuals can organize their work based on their personal needs. To be specific, they can choose to undertake the most demanding tasks when they feel they are in their best form, and have a rest if they are in a bad mood. Unlike those who work as employees, they are not subject to strict attendance policies, rigorous nine-to-five routines, and, above all, potentially whimsical superiors, who may criticize them for no reason and force them to work excessively long hours against their will.
However, the disadvantages of self-employment are as significant as its advantages. Firstly, those who do this type of work do not receive fixed salaries on a regular basis, and therefore, their income can be highly unpredictable. In the high season, they may make a fortune, while in the low season, they may struggle to make ends meet. Secondly, as individuals, self-employed people are generally less able to withstand risks than large corporations, which have ample financial cushions. In consequence, they are more likely to be put out of business and thus lose their source of income than those who work for companies. This is even more so during the COVID-19 pandemic.
In conclusion, self-employment has its benefits and drawbacks. It allows people to organize their schedule as they please, but income insecurity can be a problem.
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