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|Liquid Capital Required:||$125,000|
|Net Worth Required:||$300,000|
|Total Investment:||$48,594 - $97,819|
|Royalty Type:||20% of the annual Gross Revenue from the TAB Opportunity from $1.00 - $125,000 and 10% of the annual Gross Revenue from the TAB Opportunity from $125,001 and greater.|
|Financing:||Via 3rd party|
|Incorporated Name:||TAB Boards International Inc.|
|Home Office:||Westminster, Colorado|
About TAB - The Alternative Board
Since 1990, TAB--The Alternative Board--has helped over 20,000 business owners achieve their personal and professional goals through monthly business advisory boards and coaching. We are looking for business professionals who are leaders in their areas of expertise. You could be a consultant, coach, business owner, or senior business professional looking to combine your passion for business and helping others succeed. Unlike other franchise system models, TAB is not a rigid model. Instead, TAB franchisees have the flexibility, within a framework, to operate their business in a way that meets their personal vision of success. Many of our owners want to acquire as many members as possible. Others want to create two boards and get involved intimately in the success of those businesses. TAB provides this flexibility.
Values & History
Allen Fishman launched TAB in 1991 in St. Louis. It was an outgrowth of his experience utilizing a board heavily for advice as he lead the turnaround of Tipton Electronics. He realized that the board was invaluable to him. But what about the private business owner? Where do they go for advice? This is why Allen created TAB.
TAB franchise owners have a purpose to what they do. They make a difference in the businesses and the lives of their members. Every day, you have the chance to change the lives, professionally and personally, of the business owners you meet.At TAB, we believe:
- Collective wisdom brings a strategic advantage
- Accountability hastens individual and business success
- Drive and creativity engender greater possibilities
- Clarity of advice eliminates the fear of change
According to IBISWorld, the business coaching industry is estimated at $15 billion and that revenue increased at an annualized rate of 5.6% over the five years to 2019. Favorable economic conditions enabled not only new companies to enter the market, but also existing companies to expand their operations, boosting demand for industry services. TAB focuses its services on small businesses that lack the size and infrastructure to support a board of their own, meaning that growth in new companies brings continued growth to TAB.
Additionally, TAB has been named a Number 1 Business Coaching and Consulting Franchise. This means that we know what we are doing and we are exactly what you should be looking for in a franchise partner.
Purchasing a TAB - The Alternative Board Franchise
TAB is a relatively low cost investment with the opportunity for high profits. The total cash investment needed to open your own TAB franchise ranges from $79,991 to $94,466. Potential franchisees must have a minimum net worth of $300,000.
Ideal Candidate & Qualifications
There's no right or wrong background to come from. There's no golden qualification or former position held that will make you a great success as a TAB Franchise Owner. The only thing guaranteed to ensure your success is YOU. TAB owners come from a wide variety of backgrounds. Our brand's success is based on the quality of the people we invite into the system. Ideal candidates are transitioning executives, experienced consultants and former business owners, with experience in a senior-level role either in a corporate environment or as a consultant to business executives. Our most successful Franchise Owners are aggressive, hungry to earn a great income, results-oriented, and excited about long term growth.As with any business, what you get out depends on what you put in. Successful TAB Franchise Owners have many characteristics in common:
- Self-motivated with the drive to succeed
- Committed to achieving personal and professional growth through tenacity and hard work
- Possess strong business development aptitude
- Passionate about helping fellow business owners
- Effective communicators
- Hold to a standard of high integrity and strong personal character
Training & Support
While our standards are very high in terms of the caliber of candidates that we select to run a TAB business, we provide a comprehensive training and support program to assist candidates with diverse backgrounds to be successful as TAB Franchise Owners.
TAB offers a 30-topic business education training program called the Master of Entrepreneurial Studies. This program helps ensure that TAB owners are fully educated on all key business areas facing private business owners and are confident in coaching them across all areas of their business. New TAB franchisees will take this structured curriculum over a 30 month period.As a TAB owner, you will receive world-class training from people who have successfully launched franchises all around the world. TAB's franchisee support teams assist franchise owners in growing board membership and sustaining desired business levels through strong member retention. Our support programs include:
- Initial on-site training at TAB Headquarters
- An assigned campaign manager to guide the launch of your business
- In-territory member recruitment support
- Ongoing advanced business development training
- Weekly coaching from an experienced facilitator
- Training conferences with other TAB Franchise Owners
- Proven and effective new member acquisition programs
- Proprietary tools and communication programs that increase member retention
- Support from a community of 100's of other TAB facilitators