Monologue: advantages and disadvantages of being your own boss

Good afternoon. I've been asked to talk about the advantages and disadvantages of being your own boss.

To start with, I have to say that working is an essential activity and consumes most part in our adult life. I'm sure that almost every employee at some point of their career feels the desire to be their own boss.

It is a very well-known fact that making a decision upon a career is one of the biggest in our life. A small miscalculation can have fatal consequences in terms of money, time and satisfaction. That's why you have to assess your entrepreneurial skills previously and you have to be conscious about the pros and cons of this adventure.

In my view the main advantages of being your own boss are:

- You can make your own rules about your work and there won't be anyone to question your decisions.

- This situation gives you the opportunity to do what you love to do. Besides you are free to choose whom you want to work with and whom not.

- If you want to go for a vacation then you no longer need to ask for permission to anyone.

- You can not be hit by unemployment and what is better you can choose your own work conditions and your work place.


On the other hand, the disadvantages are:

- Your incomes will be irregulars and depend on your success.

- Probably the working hours will be longer  and you will be responsible for everything: finances, providers, production and son on.

-  If your venture fails, you must be ready to take the fall.  

In conclusion being your own boss can be exciting and satisfying but you have to be prepared to assume the risk of failure.