People Like Working For A Company Rather Than Starting Their Own Business | Band 7.5 IELTS Essay Sample

People like working for a company rather than starting their own business. Why is this the case? What can be done to encourage people to start their own business?

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

When it comes to job opportunities people believe that being employed by a will help them achieve more progress in their lives rather than engaging in / pursuing)self-employment. This is because the fixed monthly wage that someone gets when employed by a company is more reliable. However, there are many ways to inspire people to start their own ventures.

The main reason that encourages people to seek employment rather than launch their own business is the guaranteed monthly income they get when they are employed by an organization. In other words, when employees work for a company they are assured of hourly rates and annual leave. However, this might not be the case for a self-employed person because the income earned from the business might be variable as many businesses experience loss and profits from time to time according to the market conditions. Another reason is that a business requires a vast amount of time and knowledge to be successful in the industry but, nowadays, many people are not willing to put in that level commitment.

Despite this, there are many measures that can be taken to motivate the businessmen and businesswomen. Firstly, the governments can implement loan schemes that allow people to borrow money at low interests as many of them suffer from financial difficulties when they start out. Secondly, many local businesses face failure because of their inability to compete with international giants. Hence, to prevent this, the government should enforce rules and regulations that prevent large conglomerates from flooding the market with cheap goods.

In conclusion, although working for a company is preferred by many people entrepreneurship should be promoted because it promotes large scale economic growth in the country. The governments can achieve this by providing financial or other incentives to people who want to start up.

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Manjusha Nambiar

Hi, I'm Manjusha. This is my blog where I give IELTS preparation tips.

2 Responses

  1. seema says:

    Most of the people nowadays, prefer to pursue the jobs in companies as compare with opening new business by their own. This is mainly due to the steadily monthly income however, several steps can be implement by the government to inspire the people to become an entrepreneur such as hiring advisory members, providing loan with less interests.

    To start with, employing in a company gives a specific amount of money at the end of each month. This means, people can fix or arrange their plans according to the salary they received. For example, if an individual wants to build a home, due to lack of money he has to take a loan. In this scenario, he can calculate the amount to be taken as well as how much he can pay monthly based upon his income. Moreover, from company the individual can get the incentives, perks, sick leaves, annual leaves, bonuses and so on. These all are lacking in the business set up. Earning money in business is not fixed as the profit and loss fluctuates; it mainly depends upon the market. Furthermore, to establish a business and to run in a smooth way consumes a lot of time, effort, dedication, which is somehow lacking nowadays.
    Still, there are several measures can be put into attract the individuals towards business. Firstly, Government has to provide loan with low interests, thus it is helpful for them to start up their business as it needs a bulk amount of money. Furthermore, it become much easier to pay periodically as the interest is low. Secondly, authorities has to assign some professional personals, who can guide the individual about the particular business and always gives a helping hand when the individual face some problems. I think, this type of security enhances an encouragement to the people to open new companies.
    Therefore, receiving a fixed amount of money monthly is the main reason to choose the job whereas, sanctioning loan with low interests and guidance of professionals influence the individual to startup their own business.

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