How effective is the idea of self employment.

[Mikes smithen]

Self-employment can be a valuable way to increase the size of a country's labor force and create new job opportunities. And as We know labour in a particular country is absolutely important for the growth and for the development of all human-related welfare and for even every sector existing in the country. Some of the benefits of self-employment include:

INCREASED FLEXIBILITY: Self-employed individuals often have more control over their working hours and can choose to work when and where they want.

POTENTIAL FOR HIGHER EARNINGS: Self-employed individuals have the potential to earn more money than they would as employees, especially if they are successful in building and growing their business.

ENTREPRENEURIAL OPPORTUNITIES: Self-employment can provide individuals with opportunities to start their own businesses and pursue their entrepreneurial ambitions.

JOB CREATION: Self-employed individuals can create new job opportunities as their businesses grow and expand.

However, there are also some challenges and risks associated with self-employment, such as a lack of job security, reduced access to benefits such as healthcare, and the need to bear the costs and responsibilities of running a business.

To support self-employment and help individuals succeed as entrepreneurs, governments and other organizations can provide resources such as business training, access to capital, and support services such as mentorship and networking opportunities.

 

[Abigael]

Self employment is so effective for sure. You stand a chance to be so great in business if you put your mind in it. With the support of your government, you can build a multi billion business.

There is so much freedom in self employment. You are not being bossed around and you don't follow anyone else's schedule. So you can choose to go on vacations and you can take breaks how you want.

You also get to enjoy all your profits unlike sharing with someone else as in in partnership. Though that also means that you bear all the risks and losses alone.

 

[Axis]

Self employment has a whole lot of positive features as well as benefits for example it allows an individual to be his or her own boss and also manage and operate his or her business to his or her own criteria and liking. Majority of self-employed businesses and Enterprises I've been established day after day and we can possibly say that not a quiet room full of them are successful and the reason is because there are some that are not successful due to some certain factors in which they are not doing right.

For example majority of self-employed business owners do not put into proper consideration the area in which they are trying to locate their business and when they established their business in the wrong location they faced various problems such as in ability to market their business goods and services to the right targeted audience and also their face threats from crime indulgers who are threatening their businesses.