Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantage of being self- employed?
There has been a paradigm shift where individuals are opting to start a business rather than doing a job. This essay will share the reasons, which seem to stem from many factors, and share some of the possible demerits of this trend.
Being an entrepreneur means being the boss by oneself. One does not have to follow orders, commands and can even set their own rules, thereby giving them the liberty to function on their own will without any restrictions. Moreover, due to the advent of the internet, it is convenient to initiate and operate self-owned commercial endeavors from the comfort of their homes by partnering with e-commerce stores; consequently, eliminating the tedious task of travelling every day, or setting up a physical store. For example, in Japan, young people find it suitable to start businesses from their homes: everything is available online, aids in establishing an online store and starting earnings.
However, engaging in self-run undertaking can expose one to certain drawbacks. In a job, people work for a specified period but it is imperative for the owner to devote humongous time to their venture in order to progress: one never knows how much is sufficient. Such a lifestyle causes immense physical and mental stress, which might have long-lasting irreversible effects. Additionally, such undertakings are highly unpredictable. In other words, self-ventures might incur heavy losses, which could be beyond surmounting and the whole burden lies on the shoulders of businessmen to overcome hardships facing their commercial enterprises; consequently, many slip into the dark world of anxiety and depression.
To conclude, the causes are the convenience of establishing entrepreneurial ventures afford flexibility and independence, but one is also susceptible to volatile nature of business, and also must devote colossal time and energy tirelessly to survive.