Sample Answer Essay -2
You should spend 40 minutes on this task.
Write about the following topic:
It is a common aspiration among people to run their own business, rather that work for an employer.
Do you think the advantages outweigh disadvantages?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Write at least 250 words.
Gone are the days of industrialization and we are in the era of entrepreneurship. The economy has settled in such a way that anyone who has the dream of opening their business can do it, provided they have the courage. This has led to a new wave of young people leaving university to start their own company. Like every other trend, I think this also brings with it both the advantages and the disadvantages.
On the one hand, having your own business has some drawbacks. These include high pressure, big responsibilities, getting completely passionate over one thing which may not be every one’s cup of tea. Saying this, it does not mean you can’t fulfill your dreams, the point is many a times, people have personal responsibilities that need to be taken care of. Even more, getting a good team is a hard task. So, although you are talented enough, if you don’t have a strong team, there is no point of opening a business. “Risk” is the right word to state this inclination. Those who know how to play it, win the game, the others come crashing down.
Turning to the other side of the argument, it gives the individuals the power to make decisions, and with it a room for creativity. Instead of following the employer’s decision you are now free to follow your heart, achieve things that you have decided for yourself. The most important thing is it makes the individuals responsible for their own actions. So, for example, if the company goes into a loss, the owners will be blamed for and if it earns profits, it surely has to do something with their vision. Even more, if the company is able to manage a constant rate of profits for some time, they may end up earning more per month, than they might have earned in their entire life.
To sum up, there is no doubt that risks are associated with it, but I believe the benefits outweigh the drawbacks. Either ways, everyone has their own idea of a good life and it might be possible that what one person thinks as a great life is meaningless to others.
THE ESSAY IS A BAND 7 ESSAY.