In view of the growing unemployment, one has to seek an alternative to earn a livelihood. Self-employment is the best alternative.
Through self- employment you can create a job for yourself and make out a living. The following are further reasons for being self-employed:
1. The first and foremost reason for seeking self-employment is that it becomes almost a necessity when one fails to get employment.
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2. Self-employment saves one from exploitation by the employers. One becomes, in fact, one’s own master. One can utilise one’s time and money to the fullest extent.
3. There is complete independence in self-employment. No one can interfere in your affairs. A self-employed person can plan and act in his best interest without any hitch.
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4. For the self-employed persons reward for hard work is proportionate to the labour and resources. In offices or factories, employees are generally paid almost equal wages.
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Those who work more, in offices particularly are not rewarded by more salary or out of turn promotions. They get a promotion when their turn comes by way of seniority.
But in case of self- employment there is a quick reward for your hard work. When business grows, income increases and prosperity comes in.
5. A self-employment person not only creates job for himself but also provides jobs to several other unemployed persons.
Thus self-employment is also a way to combat the growing unemployment in the country.
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There are numerous living examples in our country which prove that self-employment is far better than petty jobs.
Most of the enterprising and hard-working self-employed persons are earning much more than the employed ones.
It may be worthwhile to point out that self-employment requires initiative, hard work, courage to meet challenges, business acumen and patience.