Nowadays, the majority of people tend to work by themselves instead of working on companies or organizations. This is mainly attributed to/because of flexibility in terms of timing and financial in+ reason. However, insufficient team support and financial insecurity are disadvantageous in terms of being self-employed.
There are several reasons which drive people to opt for being self-employed. First off, people today prefer to work on their own because of flexible time, so that individuals have opportunities to customize the schedule by combining work with their hobbies, family responsibilities ana leisure time. This results in a comfortable lifestyle, especially in jobs such as artists or singers, who always have set time for their work and personal life. Moreover, people choose to be own boss due to financial independence which allows them to know the exact amount of money they will receive after accomplishing the work, not relying on monthly salaries. Also, it follows the freedom fix your own price in product or service which can be higher than money from company.
In fact, there are some disadvantages to be self-employed. The primary drawback is lack of team support, meaning that there are no like-minded people which may result in decrease in demand of the product or service. With team consisting of skilled and professional people, however, business will thrive because of its innovative approach. For example, in movie “The Wolf from Wall Street” the main character achieve successes with the help of his team, thereby being able to open his own big company. This example solely, illustrates the importance of collaborating with others. Furthermore, financial security is central for any person, which self-employed job cannot guarantee. Since there is a possibility of both positive and negative experiences in terms of sales or due to competition, being alone in this case is not an option as compared to the companies or organizations which have been working for more decades. In case of failure the first time, people will have to start their new own businesses again from the beginning and collecting base clients which will take plenty of time.
In conclusion, it is clear that people try make their life more convenient by working for themselves because of freedom of time and beneficial financial aspect. Yet, there are as well some minuses hard achieving success without team and difficulties in crisis time with which not everyone can deal .