Self-employment

Self-employment refers to working for oneself rather than being an employee of a company. Individuals who are self-employed run their own businesses or work as freelancers, offering goods or services directly to clients or customers. This means they are responsible for managing their own work, finances, and taxes. Self-employment can involve various fields, such as consulting, freelancing in creative industries, or owning a retail business. While it offers flexibility and independence, it also comes with challenges, such as inconsistent income and the need for self-discipline and effective marketing skills.