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.
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Band 8 essay sample
Nowadays many people choose to be self-employed, rather than to work for a company or organisation.
These days, more and more people prefer to be self-employed rather than working as an employee. This could be due to the flexible nature of the job. However, being self employed can be disadvantageous as when people work for themselves, there is no assured paycheck at the end of the month. Also, self employed people will have to don many roles especially when they start out.
Many people, especially youths, prefer to be self-employed because it allows them to work on their own terms. When a person works for themselves, they can have flexible hours. If they do not feel like working on one day, they do not have to offer an explanation to anyone. Obviously, this arrangement ensures better work life balance. Another advantage of being self employed is that it is quite suitable for women with very young children. If they have to go out to work, they will have to find a support system for their children. If they work for themselves, they will have the option to work from home or take the baby to their workplace. In other words, working from home provides total freedom that people do not get when they work for a company. Another reason that prompts people to take this route is the opportunity to earn as much as they want. While people working for others have fixed salaries, there is no limit to what a self employed person can earn.
However, being self-employed is never easy. Unlike working for a company, there is no guaranteed salary transferred / credited to your bank account at the end of the month. Moreover if a self employed person hires people, they have the added burden of paying them on time. This can be stressful especially during the initial years when they cash flow is unlikely to be steady. Another disadvantage is that people working for themselves often have to wear many hats. This can be exhausting.
To conclude, self employment gives on an opportunity to manage their time, life and income. However, there are also some drawbacks such as instable income, and more challenges and risks. Therefore, one should weigh the merits and demerits) before choosing to be self-employed.
Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? – Band 8 essay sample 2
These days, more and more people are launching their own businesses rather than working for another company. This is mainly because self employment enables them to work flexible hours and have unlimited freedom. On the downside, there is no guaranteed income and a self-employed person often has to shoulder multiple responsibilities.
To start with, launching one’s own business has become quite easy now because of the internet. For example, nowadays, it does not require huge initial investment to launch a business online. People can manufacture products at home and sell them online. There is no need to set up a physical storefront or hire people. Another advantage is flexibility. If they are self employed, they can work at a time convenient to them. They do not need to worry about office hours and traffic. They can plan their family vacations at anytime they want as they do not need to worry about getting their leave application approved.
On the other hand, every business needs time to be successful. In the beginning, their income will be a lot lower than their previous salary. Actually, it might take them years to even break even. Also, small businesses have a tough time competing with large companies. Actually, in the event of an economic recession or a disaster like the Covid pandemic, small businesses are the first ones to shut shops. Another disadvantage is that when people are self employed, they have no fixed working hours. Actually, they could end up working 16 to 18 hours a day especially in the initial stages when they do not have anyone to work for them.
In conclusion, people are choosing the self-employment option because of easier set up and freedom. Even if it is true that they are unlikely to make a lot of money in the beginning, they can enjoy more freedom and better profit in the future. The main downside is that there is no guaranteed monthly income.
Nowadays many people choose to be self employed rather than work for a company – Band 8 IELTS essay sample
Many individuals nowadays prefer to work for themselves rather than being employed in an organisation. The main reason behind this preference is the freedom which people get by working independently. Though there are advantages to working for oneself, the main disadvantage is that there is no guaranteed pay check at the end of the month.
The first and foremost reason that encourages people to opt for self employment is the liberty and freedom that comes along with it. That is to say, if an individual is working in an organisation then they will be bound by the rules and regulations of the company and probably have a boss to dictate terms to them. Some people do not like this concept and like to work according to their own ways. For instance, if an individual is employed in the army then he is bound by their rules and regulations. He would have to follow the dress code, meal plans as well as timings. Not everyone appreciates being bound by the rules that someone else has made.
The major disadvantage of being self employed is that it requires a great deal of self discipline to succeed. As the person is not dependent or answerable to anyone when working for himself, it becomes very easy to skip deadlines. Furthermore, on skipping deadlines or missing the set targets there will be no one to bear the consequences except he himself. Another downside is the lack of a stable income. It takes years for a self-employed person to establish themselves in their field and until then there is no guarantee that they will earn enough to make a living.
In conclusion, the need for liberty and freedom make people want to follow the path of self employment, but they may fail if they deviate from the set targets due to lack of discipline.
Nowadays many people choose to be self employed rather than work for a company – Essay Sample 2
Self-employment has become quite popular in recent times. Instead of working for a company, people choose to be self-employed because it gives them the freedom to work independently. However, the major downside of working for oneself is that there is no guaranteed salary at the end of the month. Also, a self-employed person is solely responsible for the success or failure of their enterprise. My essay will discuss the reasons for the popularity of self-employment and the associated disadvantages in the paragraphs below.
Individuals, especially young people are inclined towards launching their own startup rather than working as an employee for another organization. This is because working independently provides them the ability to think out of box and implement those ideas for their company’s development. Moreover, they do not have to receive and follow orders from their bosses. In addition, their opinions are not always valued in a company whereas when working alone they are free to work according to their wishes.
However, there are two downsides / drawbacks to self-employment. Firstly, the monthly income is not fixed. A self-employed person’s earnings fluctuate throughout the year whereas someone working for a company has a guaranteed salary at the end of the month. Secondly, when a person is self-employed, they are their own boss and liable for the consequences of every action they take whether right or wrong. There is no one to share the blame for a wrong decision)
To sum up, on the one hand, a self-employed person enjoys the freedom to work on their own terms, but, on the other hand, this working freedom can lead to financial instability and excessive liability.
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Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? – Band 7.5 IELTS essay sample
These days the inclination to work for an organization has changed, and more and more people desire to be self-employed. In this essay, I will discuss some of the reasons behind this trend and highlight some of its drawbacks.
Firstly, one of the reasons many people opt to be self-employed is the opportunity to work flexible hours. This is because being self-employed gives more control over life. To further illustrate, if a person conducts their own business, they will become the boss of their enterprise and they do not have to work for a full-time job which has time restrictions. Secondly, being self-employed creates an opportunity to meet and interact with different people from around the world. For example, an individual in the international trading of goods communicates with people from other regions of the world.
However, self-employment does present some of its negative sides, one of it being financial risk. This is a disadvantage because one might have to take a huge amount of bank loan to start their own business, and they must repay it under any circumstances. For instance, a person takes a bank loan to buy an office, its equipments, but if a financial crisis occurs in the market and their business collapses, they still have to pay back the loan amount. Moreover, running your own business involves payment of salaries, taxes and utility bills which could be overwhelming compared to a job which offers a guaranteed salary every month.
To conclude, it is certain that many people choose to be self-employed due to flexible work hours and the opportunity to connect to different people. But it does contain drawbacks such as financial insecurity and liabilities to pay for business services.
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