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.Do you have difficulty writing a two-part question IELTS essay? Watch our Youtube video to learn about the correct structure of this type of IELTS essays.
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.
You can find more band 7.5 IELTS essay samples here.
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.
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.
You can find more band 8 IELTS essay samples here.
Do you have an essay on this topic? Submit it below in the comments for a free band score estimate.