The Business Finance Store Offers Advice on How to Terminate Employees Given Bank of America’s Recent Round of Job Cuts

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The Business Finance Store looks at Bank of America’s announcement to cut thousands of jobs in the next year and offers advice and resources for businesses on how to properly terminate employees.

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Recently, Bank of America announced that it would cut thousands of jobs over the course of the next few years to save approximately $5 million per year. While the exact estimate of how many jobs will be cut varies (for example the Los Angeles Times reported 40,000 jobs would be cut) the essence is that Bank of America will be laying off many people. This serves as another reminder that the recession is not over. Businesses continue the unfortunate task of laying off many employees. This is unpleasant for all parties involved, and business leaders often ask themselves how to go about taking on this unsavory task. The Business Finance Store provides some tips and resources for small businesses facing the need to downsize in the recent blog post "Letting Go: How to Properly Terminate Employees."

While terminating employees may generally be guided by common sense, knowing some technicalities and having a solid step-by-step process will help facilitate the daunting task. To make this process easier, the Business Finance Store outlines some steps to follow during any termination process. Read more about how to properly terminate an employee at the Business Finance Store blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understand that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes, and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and to achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007 they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store, visit http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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