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  • Essay / Benefits of working for a company - 850

    Self-employed people face more risks if their business fails. Decision making is also more complex because they have no one to decide with when taking certain actions that might be of benefit or not. There is no kind of teamwork, of society, except perhaps with family members. However, a business enjoys all of these benefits because it has people to work with, which encourages teamwork, facilitates decision-making, and reduces risk. For example, if the business is operating at a loss and does not have enough money to recover or even if it cannot repay its debts, the business will definitely need to be dissolved. But this has an advantage over self-employment because the money used to pay off this debt does not affect the personal assets of shareholders or employees. On the contrary, if it happens to an independent business, some of its private assets like its cars, houses, savings, etc. will be lost. will be sold to repay the debt. For this reason, a company benefits from fewer risks and responsibilities than a self-employed worker.