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 disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Nowadays a lot of people choose to be entrepreneurs rather than to work for a

corporate

Suggestion

corporation

or a

company

. Entrepreneurs are the people who start their own business. They follow a complete business cycle and

also

take a huge amount of risks. In the recent past, technology has changed in every aspect and people are trying to come up with new innovations to make lives easier. Every person has a new idea or a new process to be implemented.

This

is the case due to which people chose to be self employed.

However

, starting a new business involves a huge risk. An entrepreneur has to search for investors to start his organisation.

For instance

, the owner has to choose a place to start an organisation, acquire necessary assets, recruitment of human resource, for which funds are required. For starting a new organisation, an initiative is required and determining target audience is very important.

For example

, a

company

named Yulu was formed.

This

company

provides bicycles for rent at the major parts of the city to reduce pollution and avoid traffic.

Although

the

company

made huge profits at early stages, but failed to maintain the bicycles.

This

turned out to be a major drawback and eventually, the

company

was shut down. Another example, a

company

named Synup was formed in 2013. It was a software

company

which was into locations management.

Synup

watch, observe, or inquire secretly

Snoop

Syrup

made it easier for people to locate companies around them.

Synup

started with 10 employees in a small house like space. The

company

did not survive due to its debts.

Although

, the owner made some arrangements,

however failed

Accept comma addition

however, failed

to manage employees. The workplace morale was not

upto

Suggestion

up to

the mark and employees faced a lot of difficulties to cope up.

Hence

, the

company

shut down before it could make a progress. To conclude, I'd say that if a person wants to be self employed, he must understand risks involved, define goals and acquire proper resources. The entrepreneur must keep up the workplace morale and motivate his/her employees.