Nowadays Many People Choose To Be Self Employed | Band 7.5 IELTS Essay Sample

Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

Here is a band 7.5 IELTS essay on this topic written by one of our students. Need help with IELTS writing? Get your IELTS essays, letters and reports corrected by me.

Band 7.5 IELTS essay sample

An increasing number of youngsters choose to start their own business these days instead of working for other people. Moreover, a wide range of reputed and successful businessmen are also in-support of these young entrepreneurs and they help these young-ones financially. However, I believe this phenomenon has both merits and demerits and one has to very careful before taking such a decision.

There are many reasons behind the rise /increase in the number of start-up companies. To begin with, people face difficulty acquiring a job of their preference / liking in the highly competitive market. Individuals who want to work in an esteemed organization or a well paid job needs to possess high academic qualification degrees or years of work experience. Such requirements already disqualify a large section of job hunters. Next, a few people desire to become rich in shorter-period. To illustrate this, a business can earn a person a hefty sum of money overnight as all the profit goes to the pocket of the owner.

However, there are several drawbacks to this. To start with, there is no guarantee that a self employed person will earn enough to live a comfortable life. When people work for a company, they have the assurance of a guaranteed paycheck at the end of the month; however, when they work for themselves this guarantee is missing. Another disadvantage is that many self employed people work day and night and do not get time to spend with their family and friends. Thus, it creates an imbalance in their work and personal life. Moreover, a huge difference can be seen in their daily routine which affects their health adversely.

To recapitulate, working for oneself is definitely beneficial for young people because it enables them to work on their own terms; however, there are drawbacks such as the lack of a guaranteed paycheck that need to be considered before choosing to be an entrepreneur.

Do you have an essay on this topic? Submit it below in the comments for a free band score estimate.

You may also like...

13 Responses

  1. Mohammad Khan says:

    This is a tech epoch, where you can penetrate all kind of information, study materials, etc., and can up-skill yourself. Therefore, this breaks the old pattern and usher a new one. Amid all these technologies plenty of millionaires rises, this spur others to try their hands on entrepreneurship. Millennials and generation Z have spring surprises, the way they shine in such a short period of time is remarkable. Their sublime knowledge is paving way in making them a successful businessman.
    If we see our descend, they were learning from their wealthy experiences, and not blessed with the technologies at that time. Let’s have a glance on all generations, how they have fared in their time. Baby boomers and silent generations, majority of them were not blessed with the academic degrees, only a few handful people were pouring themselves in studying. Source of obtaining knowledge was restricted, this has shrunk the number of self-employed.
    Now many people are intrigued with the technologies, and they build a platform of knowledge, with that they can make a good career. If we went with the records of the ’80s or early ’90s and compared with the current data, we will witness more self-employed than before.
    To conclude, when you have understood your potential and got self-belief then no one can stop you. This generation is fearless and don’t afraid in doing experiments, irrespective of outcome they toss their luck, and reap a great reward. The World is witnessing more people doing business, and this will ascend only.

  2. alza says:

    In recent years we have seen a rapid rise in the number of people owning self ventures. Most people do not choose to work in a company; however, they prefer to be self-employed. This essay enumerates the reasons behind this phenomenon and lists the negative aspects of being self-employed.

    The main reason why people prefer being self-employed is, they get more monetary benefits if the business successfully establishes. Start-up companies are gaining widespread popularity among graduates. The trend these days is to initiate a start-up as soon as they pass out. Moreover, they consider this a matter of self-esteem. For instance, Government funding has also increased for small scale businesses. Hence, it aids people in availing loans and starts their own business. Eventually, if the company becomes popular, they earn more money and fame.

    There are a couple of disadvantages to this industry. Firstly, there could be a considerable financial loss if the company has a downfall. Entrepreneurs should be aware of how to tackle the crisis and handle the employees and customers. For example, people show suicidal behavior when going through a tragic loss of money. Moreover, they are not equipped to handle the situation appropriately. Secondly, due to the lack of experience, people could be cheated in the business. However, a person should be capable of differentiating people who can put the business in trouble.

    To recapitulate, the primary reason people choose to be self-employed is to earn more fame and money. Nonetheless, the detrimental effects such as financial loss, suicidal tendencies, and cheating should be taken care of while starting their own venture.

  3. Navodi Silva says:

    An increasing number of individuals have recently chosen to start their own business over being employed under an organization. This increasing trend could be due to two main reasons, namely, the advancement of technology and greater ability to work more independently. Furthermore, this essay will stress the possible drawbacks of these start-up businesses, which are high risk associated with the business and lack of other benefits provided by an employer.

    The main reason for this shift could be due to technological improvements that provide a plethora of new business concepts together with convenience to create a suitable home office environment. A recent study conducted in the UK has shown that more than 40% of the employees have left their current positions in corporates in order to start their own entities. Another key contributor to this change is, the ability to be more independent and work under your own initiatives rather than someone else’s instructions. For instance, Steve Jobs, the mastermind behind the multimillion Apple products has stated that moving from his last employer and taking the initiative to start his own business gave him a greater ability to think more independently and be more creative with his ideas. The above factors could be considered as contributors to this recent work shifting trend.

    When considering the plausible drawbacks of self-employment, one of the key factors is the high level of risk. As these individual entities are not yet established and face intense competition from the market there is a risk of failure associated with the business. A good illustration is, in Silicon Valley itself, more than 35% of new enterprises do not survive at least a year due to the competition in the market. In addition to this, there will be a reduction in the benefits provided to the employees compared to entrepreneurs. Added benefits such as insurance, welfare allowances, and company-sponsored training, both local and foreign will be reduced as may start-up businesses lack large amounts of funds like many companies. These can be identified as the negatives of self-employment.

    To conclude, self -employment is selected by many individuals recently over working under an employer. This change is due to technological developments and greater independence in work. This essay further discusses the cons of this practice, which are exposure to high risk and reduction in employee benifits which should be considered before choosing to start your own business.

  4. Priya says:

    At the present time more young people like to start their own business instead of work for other people. There are many elements behind this phenomenon activity which have both positive and negative impacts. My following paragraphs will elaborate upon same.

    To start with some reasons behind the rise in start-up companies. The first and foremost is many youths are not able to find a job as per their qualification because of cut throat competition in market.Instead of doing unsatisfying job, they prefer to work independently. Moreover, Government and big companies have also started to extend their financial support to entrepreneurship which have unique ideas.They help them to set up the business at initial stage with guidance and also they provide the land to build their offices. Not only this, but also running own business means one can work as per their convenience and the whole profit goes to owner’s account.These points encourage them to be self employed.

    However, there is always an opposite side of coin. there are some disadvantages of being self-employed.The huge financial risk is involved when a person choose to start a business and if it does not work as per his/her plan person can experience massive lose of money.The another demerits with this regards is tremendous work pressure. The whole responsibility of start up is on the shoulder of owner and they have to walk the extra miles for having smooth business and profit of their company. Hence, he/she has very less time to spend with their family.

    Agglomerating all the points discussed above, it can be concluded that self employment is inevitable as it bring new opportunities and new ideas of business in market but, at the same time its disadvantages cannot be overlooked.

  5. Kanza says:

    Men and women employed in full-time jobs should share the responsibilities of household chores. Do you agree or disagree? Share relevant personal experiences.
    There is an increase in the number of working men and women all over the world. Both the partners in every household are struggling for their better future. Full-time professionals are giving their quality time in order to improve the living standards. I totally agree with the statement that both the individuals should divide the duties of their household.
    Gender equality is really important for the growth of the society. Sometimes, it becomes necessary for the female to work outside for helping her husband financially. Wives usually works to share the household expenses which release the financial pressure of their husbands. Due to inflation and currency devaluation, it has become a necessity for both the partners to work in the job market.
    Forcing the working women to do all the household chores will negatively affects her mental and physical health. Women always appreciate when their men helps them in the household chores and share the responsibilities equally. To have good marital relationships, understanding between the partners are really important. It gives power to the children when they see their parents working together in every aspect of their lives.
    Sharing the household duties divides the burden between both the partners and things are done on time without any misunderstandings. It also results in greater love and affection between the partners as they are understanding the situation of each other.
    In conclusion, in order to succeed in both the personal and professional lives, it is important to have a good compatibility with your partner. Helping and understanding each other will nurture the relationship till every extent.

    • ielts practice says:

      Overall, this is a good essay. A common mistake I noticed in this essay is that you almost always used a singular verb with a plural subject. Avoid that mistake and you should get 7 for this.

      • Kanza says:

        thanks alot for helping.can u tell me an example from my essay regarding this mistake. i didnt get about it :”a singular verb with a plural subject” thanks again.

        • ielts practice says:

          Wives usually works (Should be wives usually work)
          will negatively affects (Should be will negatively affect)
          their men helps them (Should be their men help them)

          There are similar mistakes. Try to avoid them.