Most people have forgotten the meaning behind traditional or religious festivals

 
85 
January 1, 2020 
74.
 
Self-employed versus company 
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 
disadvantages of being self-employed? 
An increasing number of people today are opting to start their own companies instead of 
working for a company mainly because of the increased support for young entrepreneurs. 
In my opinion, the main disadvantages of not having an employer are lack of expertise and 
its overall effect on businesses. 
The number of self-employed is related to young entrepreneurs and has its origin in 
widespread angel investment across a variety of industries. One well-known example of 
this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and 
executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ 
businesses. This show has launched a number of successful products by securing initial 
funding, which has led to a trickle down effect from this show: not only has it turned 
specific dreams into realities but it also encourages viewers in general to be more 
ambitious and has therefore been one of the main catalysts for the frenzy of self-run 
businesses popping up in recent years. 
Though there are undoubtedly positives to all these start-up companies, I think that the 
overall impact is negative because it results in many poorly run businesses. For example, in 
recent years a number of ride-sharing apps including Uber, Grab, Lyft, Be, Go-Viet and 
countless others have sprung up. The established companies provide a functioning app 
with high-quality service to meet the growing demands of this industry. However, the 
majority of small start-ups find themselves in over their heads with apps that barely 
function and driver shortages that specialise in inconveniencing customers. It would be 
better for the people starting these derivative businesses to either work in companies, gain 
valuable experience, look for gaps in the market, and then develop develop worthy 
competitors or simply be content to have a good job in a good company that they do not 
own. 
In conclusion, I feel that the rising number of new companies has led to a cult of 
overconfidence. If more people were satisfied working for others rather than pursuing 
unrealisable ambitions, this would likely lead to better consumer products across the 
board as well as increased national economic prosperity.

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