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Nowadays many people choose to be self-employed, rather than to work for a company...(Band 9 Essay)

You should spend about 40 minutes on this task.

Write about the following topic:

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?

Give reasons for your answer and include any relevant examples from your own knowledge and experiences.

You should write at least 250 words

Task 2 Band 9 Essay Sample (Nowadays many people choose to be self-employed, rather than to work for a company or organization.)

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Sample Essay 1

The trend towards self-employment has surged in recent years, driven by a desire for autonomy and the potential for higher earnings, but it also brings challenges such as financial instability and increased workload. This essay will explore the primary reasons for this shift, including the quest for freedom and the lure of unlimited income, while also examining the drawbacks, like the lack of corporate benefits and the unpredictability of self-employment income.

The enticement of self-employment lies chiefly in the autonomy it provides, a valued commodity in a society that increasingly cherishes individualism. This autonomy not only allows for tailored work-life integration, a rarity in traditional employment, but also empowers the pursuit of innovative ventures without the hindrance of bureaucratic red tape. A case in point is Silicon Valley's tech entrepreneurs, who favour self-employment for its capacity to swiftly turn ideas into reality. Additionally, self-employment appeals to those seeking a proportional reward for their efforts. In contrast to the rigid pay structures of regular jobs, it promises no cap on earnings. This is particularly evident among freelance digital marketers, whose income, directly tied to their skill and effort, often surpasses that of their peers in more conventional roles.

However, this path is not devoid of challenges. One significant drawback is the absence of corporate safety nets. Self-employed individuals must often forego benefits like employer-sponsored health insurance and retirement plans, shouldering these responsibilities alone. Furthermore, the volatility of income can be daunting. Unlike steady paychecks, self-employed earnings can fluctuate dramatically, as evidenced by freelance writers who may experience periods of feast or famine depending on market demand. Another notable challenge is the increased workload. Managing all aspects of a business, from client acquisition to financial planning, can be overwhelming. The case of independent consultants, who often juggle multiple roles simultaneously, illustrates this struggle vividly.

In conclusion, while self-employment offers enticing benefits such as autonomy and potentially unlimited earnings, it also demands considerable resilience and adaptability. The decision to embark on this path should be made with a full understanding of both its glittering prospects and its gritty realities.

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Sample Essay 2

In recent years, a growing number of individuals have shifted towards self-employment, driven by the allure of autonomy and the flexibility it offers. This trend can be attributed to the desire for a better work-life balance and the pursuit of personal passions. However, self-employment also presents significant challenges, including financial instability and the absence of traditional employment benefits. This essay will explore these key aspects, highlighting both the advantages and the inherent risks involved.

One of the primary allurements of self-employment is the autonomy it provides. Unlike traditional employment, which often comes with rigid schedules, self-employed individuals enjoy the flexibility to set their own hours. This flexibility facilitates a better work-life balance, allowing individuals to allocate time for family, hobbies, or further education according to their personal priorities. For example, a survey by the Freelancers Union indicates that over 70% of freelancers report experiencing better mental health due to more flexible working conditions. Furthermore, self-employment empowers individuals to pursue their passions and build a personal brand without the constraints of corporate boundaries, leading to a profound sense of personal achievement and satisfaction.

However, the path of self-employment is fraught with challenges, the most significant of which is financial instability. Unlike regular employees who receive a consistent salary, self-employed individuals face variable income streams that depend heavily on market demand and client relationships. The recent economic downturn caused by the COVID-19 pandemic exemplifies how external shocks can exacerbate these vulnerabilities, with many freelancers experiencing severe financial distress during global crises. Additionally, self-employed individuals often lack the safety net provided by employer benefits such as health insurance and pension plans. This absence of security can lead to significant stress, particularly in regions where healthcare costs are prohibitive, underscoring the precarious nature of self-employment.

In conclusion, while self-employment offers significant advantages like flexible schedules and the opportunity for personal fulfillment, it also carries inherent risks such as financial insecurity and lack of corporate benefits.

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Sample Essay 3

In recent times, a growing trend has emerged where people choose to be self-employed, rather than working for a company or organization. This shift is largely fueled by the ease of starting online businesses and the ability to reach a diverse consumer base. However, this entrepreneurial freedom comes with its challenges, particularly the heightened competition. As Internet access broadens, it also empowers competing businesses, intensifying the competitive landscape in various business domains.

The key reason behind people’s motivation towards owning a business is the unprecedented advancement of online technology. Take internet shopping as an example, people can launch an online business within an incredibly short period. As establishing online farms incurs low cost and hassle, owners can comfortably launch a farm and earn a handsome margin, whereas in the past, people had to rent a retail space associated with a sophisticated registration process, and mostly ended up with an insignificant profit. Furthermore, the cost of advertising has declined drastically with the blessing of digital platforms. Nowadays, harnessing the benefits of social media, with a minimal cost, people are easily promoting their brands to a large audience.

Nevertheless, it is always challenging to own a business, as it comes up with a lot of relevant difficulties. One of them is the involved high operating cost. There is an intense competition among the businesses, which is making it difficult for the start-ups to make their products stand out in the market. Moreover, those who work for themselves, need to bear an inevitable financial risk. These people are deprived of official benefits like company picnics, holiday pays and sick pays etc.

To conclude, even though people are finding it easier to take on self-employment and access to the market using online platforms, there are some massive drawbacks that come along with this trend, because owning a small business and easy entry into markets might incur diverse business competition and financial risks.

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Sample Essay 4

In contemporary society, an increasing number of individuals are gravitating towards self-employment, eschewing traditional employment within companies or organizations. This trend can be attributed to the allure of autonomy, flexibility, and the potential for greater financial rewards. However, this path is not without its pitfalls, including instability and a lack of social benefits. This essay will explore both the reasons behind this choice and the potential drawbacks associated with self-employment.

The primary allure of self-employment lies in the autonomy it offers, allowing individuals to take control of their professional destinies. Many people choose to be self-employed, rather than to work for a company or organization, because it empowers them to pursue their passions on their own terms, free from the constraints of corporate hierarchies. This independence not only fosters creativity and innovation but also allows for a more flexible work-life balance. For instance, a freelance graphic designer can choose projects that align with their creative vision and schedule work hours around family commitments. Additionally, the potential for financial gain is significant, as entrepreneurs can directly reap the benefits of their hard work and ingenuity, often leading to higher earnings than those possible in traditional employment roles.

However, the path of self-employment is fraught with challenges. The absence of a stable paycheck introduces financial uncertainty, making it difficult to plan for the future or secure loans for personal investments such as a home. Moreover, self-employed individuals must bear the full burden of health insurance and retirement savings, lacking the employer contributions that benefit traditional employees. The psychological toll, including isolation and stress, can also be significant, as the responsibility for the success or failure of the business rests solely on the individual’s shoulders.

In conclusion, while the autonomy, flexibility, and potential for financial prosperity are compelling reasons for many to choose self-employment over traditional employment, these benefits are counterbalanced by considerable disadvantages. These include financial instability, the responsibility for one’s own social security benefits, and the potential for increased stress and isolation.

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