Prompt: 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 sellf-employed?

In recent years, a great number of individuals decide to run their own business rather than work for others. From my point of view, there are various reasons behind this phenomenon. It might have its advantages, on the contrary, there are a plethora of drawbacks as well. In this essay, I will elaborate on this more in detail. Ċ On the one hand, there are many beneficial reasons why people choose to be freelance workers. Firstly, their flexibility may be a major factor. Being self-employed allows workers to do the task anytime he or she wants and anywhere he or she likes. For example, if they want to do the job after midnight in the bathroom, it's their choice and there is no one who complains about it. Secondly, freelancers have more control over their income compared to people who perform regular 9 to 5 business hours. They get paid for what works they have done and its quality, rather than hours of working. As a consequence, it provides more incentive to perform harder owing to the fact that there could be more correlation between the effort and the income. Ċ On the other hand, a countless number of adverse outcomes arise along with the aforementioned positive sides. To begin with, it can be lonely for self-employed individuals to work entirely on their own. As there are no teamwork projects, there is no one to discuss issues with, and therefore it is possible for them to feel isolated. Moreover, there are other tasks that they need to do other than the main job. For instance, it is their responsibility to do bookkeeping and file income taxes, and it can take up a plethora of time and effort unless they decide to pay for others to do the certain part. Ċ To sum up, although being self-employed has a number of advantages, it is undeniable that there are also numerous disadvantages and it is vital to consider every drawback that may arise prior to becoming a business owner.