Self-Employment

Self-Employment refers to the condition of an individual working for themselves instead of being employed by someone else. In this arrangement, the individual operates their own business or pursues freelance work, earning income directly from their own efforts rather than receiving a regular salary or wages from an employer. Self-employed individuals may provide services, create products, or engage in various entrepreneurial activities. This status often involves taking on the risks and responsibilities associated with running a business, including managing finances, marketing, and meeting legal requirements such as taxation. Self-employment can offer flexibility and autonomy but may also come with challenges such as income variability and the need for self-discipline.