These days, many young individuals are currently opening their own business instead of working for employers.This tendency has both merits and demerits. Both these views will be discussed in this essay.
To begin with, there are some advantages which may encourage young adults to run their own business.Firstly, new business start-ups can gain a lot of precious skills that can never be provided if they work as an employee. For instance,entrepreneur can not only enhance their bussiness-related skills including marketing and sales,but they can also learn varieties of people-managing skills.Secondly, business owners have freedom to propose inovative ideas and unique views .This allows entrepreneur becomes more and more independent and decisive since it gives chance to challenge, take on risk and reap the reward
However, there are a few drawbacks should be carefully considered by young start-ups if they have intention to strart a business. When opening a bussiness, people might face many obstacles such as raise outside capitals and manage incomes as well as outcomes. As a result, managers must handle great responsibilities and they will suffer from stress.Furthermore, running a bussiness is risky. If there is an economic downturn,or you make mistakes in decisions, your company will go bust and face many serious consequences including debts.
In conclusion, although there are both advantages and disadvantages of being company owner. I personally believe advantages outweigh its drawbacks and young people should be encouraged to do so.