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Jemshah
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Enlightened
Asked: 2023-01-26T14:12:58+00:00 In:

What are the challenges associated with self employment. (5 marks) Oct/Nov, 2022

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State five challenges associated with self employment. (5 marks)
Oct/Nov, 2022

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  1. Enlightened
    1. Financial instability: Self-employed individuals may have inconsistent income and may struggle to save money or plan for the future.
    2. Limited benefits: Self-employed individuals often lack access to benefits such as health insurance, retirement plans, and paid time off.
    3. Stress and isolation: Running your own business can be stressful and isolating, as self-employed individuals may not have the support and camaraderie of a traditional work environment.
    4. Difficulty in taking time off: Self-employed people may struggle to take time off, as they are responsible for their own schedules and may not have a team to take over while they are away.
    5. Difficulty in separating work and personal life: Self-employed individuals may find it difficult to separate their work and personal lives, as they often work from home or in a location that is not separate from their personal life. This can lead to burnout and difficulty in maintaining a healthy work-life balance.
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