Self Employment

Question 1

What is self employment

Answer 1

Self employed is working for oneself rather than for an employer.

Question 2

What is the advantage of Self employment

Answer 2

• Freedom to choose a work schedule
• Ability to earn more profit from the business is successful.
• Independence in decision making.

Question 3

What are the disadvantages of Self employment

Answer 3

• No fixed salary, income my be unpredictable
• Responsible for all business risks and expenses
• No company benefit.

Question 4

What are the disadvantages of Self employment

Answer 4

• No fixed salary, income my be unpredictable
• Responsible for all business risks and expenses
• No company benefit.

Question 5

What are the challenges of Self employment

Answer 5

• Irregular Income – No fixed paycheck; earnings fluctuate month-to-month, making financial stability difficult.