Chapter 3. Self-employment

Chapter 3. Self-employment. But the rapid growth of population trends, economic backwardness and limited employment opportunities for the country’s unemployment problem than demand is increasing day by day. 010 According to the Bangladesh Bureau of Statistics report, the total number of unemployed people, 6 million. 5 million of the country’s total labor force of 67 million, one-third of whom are young people. The Huge operational unemployed population is mobilized through wage and employment. Employment needs. In this chapter, we will learn about the various aspects of self-employment.

Chapter 3. Self-employment

Chapter 3. Self-employment

Chapter 3. Self-employment

Chapter 3. Self-employment

Bangladesh is a developing country. Census of Population and Housing calculated according to 011, 01 July 16 Projected number of people in the country of 15 million, 5 million 18 thousand 15. Nearly 80 percent of the population lives in rural areas. ‘Bangladesh Economic Review 2011 0% of the agricultural sector contributes to the national economy, according to statistics, 50% of the contribution of the industrial sector 30%, and service sectors.

Self-employment means to create job opportunity for oneself by one’s own effort. Today the most vicious problem that Bangladesh is facing its the unemployment problem. As Bangladesh is a densely populated country the government can not provide the young population with employment opportunities for everyone. This unemployment is a curse. It weakens the body and mind of our young generation.

Frustration leads them to drug addiction and various crimes. But we should change our notion of a secure and comfortable job in an office or bank because there are more people in our country than jobs. So, educated youth should not depend on the government to provide them with jobs. Self-employment is a possible solution to this problem. The youths should not remain idle after completing their studies.

They should remember that self-help is the best help. They can easily engage themselves in various sectors of self-employment. Agricultural farming, poultry raising, fish cultivation, livestock rearing are some of the sectors. The government and different NGOs are working relentlessly for providing the youths with training in various vocational activities. They also provide the youths with loans on easy terms to start these jobs of self-employment. So, we ourselves should seek self-employment because a self-employed man is not unemployed anymore rather he can provide other people with jobs.

Self-Employment is working to earn a living. Payment could be in the form of wages or salaries depending on the nature of the work. In employment, the employer determines the where, when, how, why, and what of the work that is performed by the employee. The degree of input, autonomy, and self-distractedness that an employee experiences on the job are a by-product of an employer’s philosophy of management and employment.

Types of employment

There are two types of employment:

Self-employment: Self-employment is owning your own business alone or in partnership with others or with members of your family. It is the alternative to wage employment

Wage employment: Working for someone, an organization or a company and getting for the work done.

Motives for self-employment

Self-employment has some motives which you need to know. You may contact somebody or people who are already in self-employment to learn about them. However, here are a few suggested motives for self-employment.

A person chooses to be self-employed if he/she: has a particular interest in the trade or business

follows a family tradition: “my grandmother was a renowned caterer. My mother and elder sisters also are and therefore, I also want to be a caterer”

has no other option of earning a living is meeting the present and future needs.

Dear learner, the knowledge of the background to the employment situation in Ghana will enhance your decision on your employment

Advantages of self-employment

Self-employment has several advantages. Can you think of some of them? Your list may include any of the following. Being self-employed enables a person to:

lead rather than follow be creative and implement ideas have the potential for increased income with hard work be independent take initiative, make own decision at own pace

control his/her own workplace and the work that needs to be done to continue to learn more about the business each day and this could provide an opportunity for self-fulfillment be in business beyond retiring age.

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Chapter 3. Self-employment

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