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.