Essay 59 – Many people choose to be self-employed

GT Writing Task 2 / Essay Sample # 59

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 organisation.

Why might this be the case?
What could be the disadvantage of being self-employed?

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

Write at least 250 words.

Model Answer:

In this day and age, more and more people tend to opt for self-employment instead of working for corporations. Several reasons contribute to this phenomenon, and there are some drawbacks of being self-employed too, which will be discussed in this essay.

The growing number of startups pertains to young entrepreneurs because of leading-edge technology, supportive government, and changing family attitudes. Business models and structures are now highly conducive to startups with the advancement of technology. That is to say, young people, these days, can solve our daily life issues by innovations with the help of cutting-edge technology. Likewise, today’s governments are incredibly supportive to young entrepreneurs than ever before. The states are coming up with lucrative incentives to attract self-employment. Similarly, families, nowadays, encourage the young to be entrepreneurs and thus risk-taking appetite of youngsters has increased dramatically. A case in point is one of my school friends. She developed a boast machine when she was just 13. Her blog engine notched up huge gains, and her venture has become popular nationwide.

However, like everything else on the earth, self-employment suffers from shortcomings. The most obvious one is the resources. In most cases, startup entrepreneurs embark on a business venture with a shoestring budget whereas their counterparts are well-resourced. It gives the rivals a competitive advantage in product development, marketing, and sales. They use this edge to flame out the nascent entrepreneurs when they pose threats. Take my case as an example. Despite cutting-edge features, one of my friends’ ride-hailing app was eliminated due to Uber’s advertising budget. Likewise, startup enterprises usually entail a high risk of failure. Functioning under such huge risk can blur an entrepreneur’s strategic vision.

To reiterate, self-employment is prevalent among the young of-late. Several factors such as encouraging governments, emerging technology, and positive family outlook influence the youngsters’ decision. But every venture comes with some cons and the young should be aware of them.

Leave a Reply

Your email address will not be published. Required fields are marked *