Self employment

Self employment

About Self employment

Self-employment is working for one's self. Self-employed people work for himself/herself instead of an employer, drawing income from a trade or business that they operate. To be self-employed is not necessarily the same as being a business owner: Many self-employed people conduct the day-to-day operations of the business, either as managers as line workers or both. A business owner may or may not work in the business, and is not required do so. According the US Bureau of Labor Statistics, only 44% of businesses survive the first 4 years in business. Policymakers increasingly view self-employment in the form of youth entrepreneurship as a possible solution to the youth unemployment crisis. However, many experts believe only 20% of all people are fit to run their own businesses, so it shouldn't be relied on as an "easy fix".

Contributions by, Poweroid, and The Magnificent Clean-keeper.

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