10 ADVANTAGES OF SELF EMPLOYMENT.

 1. Self-employment provide employment for the owner and for others.

2. It makes one become his/her own boss and end up being independent.

3. It is possible for a person’s income to increase.

4. It improves one’s standard of living due to increased income.

5. When the business succeeds a person gains respect and therefore enjoys high status in the society.

6. It leads to the provision of goods and services to public.

7. It can be a source of revenue to the government as its taxes the enterprises and incomes of the workers.

8. A person who is self-employed can be in position to determine his/her time of work.

9. High level of freedom is enjoyed by a self-employed person. This is because

a person is free to do whatever he/she assumes correct for the success of the business.

10. There is a high degree of job security i.e a person is certain of continued employment.

11. It encourages hard work. A self-employed person always

strives to make his business become successful.

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