Recently Bank of America announced that it will be eliminating approximately 30,000 jobs in the coming year in response to continued economic weakness (this announcement comes on the heels of a $5 BILLION investment by Warren Buffett to improve the bank’s liquidity). Even for a large corporation like BOA this is huge number of jobs to eliminate.
Normally an employee laid off by one bank would not have much difficulty finding a similar job at another bank, but the banking industry as a whole is under extreme financial pressure so there are not many jobs to be had anywhere. If you are one of the Bank of America employees affected by this announcement, or afraid your bank is not far behind in taking similar measures, then you may want to consider taking back control of your career by owning your own business.
If you have been laid off unexpectedly then odds are you need something that can begin generating income fairly quickly. We believe buying a franchise is the best way for many people to own their own business in a way that is economically feasible and can begin generating meaningful income within a relatively short period of time. There are many franchise businesses that can be acquired for a total investment of well under $100,000 and can begin generating income almost immediately after commencing operations.
If you have recently lost your job or are concerned that your job is at risk, you owe it to yourself to explore an alternative career path that will give you complete control of your employment situation. We can assist you with that process (at no cost to you), and help you identify the business that is right for you. Please visit our website at www.AshburnFranchiseSolutions.com to learn more about how our services can help you get your career back on track!
James C. Pearce
ABOUT THE AUTHOR: Jim Pearce is the President of Ashburn Business Solutions. Jim is a Financial Planner by training, and has been helping people like you make important financial decisions since 1983. For nine years Jim worked exclusively with employees of a very large company that were being offered “early retirement”, many of whom chose to purchase a franchise as a means of extending their careers and building equity in a business that they could later sell when they really were ready to retire. Jim also was a partner in an investment advisory firm that helped entrepreneurs write business plans and raise capital for new business concepts. Jim’s experience and skill set make him ideally suited to help you determine if purchasing a franchise business is right for you, and if so, identifying opportunities that best suit your situation. Jim earned a degree in Business Management from the College of William & Mary, and is a Certified Financial Planner ™. When Jim is not working he can usually be found working with his wife in the garden, visiting their twin children at the University of Virginia, or taking his dogs for a long walk near their home in Ashburn, Virginia.