Nowadays, Many People Choose To Be Self-Employed | Band 8 IELTS Essay Sample
Nowadays many people choose to be self-employed, rather than to work for a company or organization. Why might this be the case? What could be the disadvantages of being self-employed?
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Band 8 IELTS essay sample
In recent years, a number of individuals prefer to start their own organization, rather than to be employed by a company. In this essay, I will discuss some of the causes of this phenomenon and examine the disadvantages of this development.
There are many reasons why some people prefer to start their own business. The most significant reason is that they want full freedom to work. That is to say, they do not like to take orders from others, and want to work on their own terms. Furthermore, another crucial reason is that they believe they can earn more money by working for themselves. This is because they do not have to share their profit with others, and they can also control the company expenses. To illustrate, many Indians prefer to start their own company, so that they can get a sense of satisfaction, and also earn maximum reward.
However, this trend has many negatives. A major drawback is that many businesses fail because people do not have the required skills and experience to run a company. In other words, a vast amount of expereince and multiple skills such as management and technical skills are required to run a company successsfully. If the owner does not have these skills, his company will incur heavy losses and would be forced to shut down. For example, according to a report by Times India, more than 70 percent of Indian start-up firms fail within a year due to the lack of expereince and bad management.
In conclusion, many individuals like to start their own business because they feel that they will get more independence and huge profit. However, such ventures can fail if the entrepreneur lacks the required skills and experience.
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