Being a privately held business owner is one of the most exciting, rewarding scenarios that anyone could be in. It can also be overwhelming and stressful. Having a peer board allows owners to make better decisions and have more confidence in all of their decisions. TAB provides a tremendous amount of thought, comfort, security, and accountability – all the benefits that everyone has been able to share for decades. TAB changes the lives of its Members; you enjoy your life more while operating your business more successfully.
Owning a TAB business is more than owning a typical franchise, so it does you justice to instead be referred to as a TAB Business Owner. You are a business owner, and you work with other business owners. It is imperative to have a peer-to-peer relationship with your TAB Members, and those Members are other business owners.TAB believes that business owners are the most interesting people in the world because they had a vision to do something to make a difference. They went for it, and they strive for excellence. Thus, to be a business owner is a privilege; it is an honor. It is something that one should be exceedingly proud of, and that is why we call our franchise owners TAB Business Owners.
Support. It can be challenging to start a professional practice. TAB has outstanding initial training, but nothing takes the place of real-world experience. TBOs starting their business takes priority. TAB provides you with a field support trainer in the field with you for two weeks. Those trainers are experienced on Member acquisition, and how to manage appointments, how to build pipelines, how to select Members, how to place the Members on what TAB Boards, and what coaching systems will look like. TAB also provides LinkedIn coaching and experts in social media.Further, TAB runs on a subscription model wherein every month, Members pay a fee to our TBOs, and because of the fruitful field support trainers and marketing support, TBOs can obtain Members rather quickly. Once you are on this subscription model, the money begins to build because of the structured model and the additional income opportunity. That allows TBOs to also consult and train in addition to more coaching. There is no other company in TAB’s space that does that.Another source of support is the opportunity to be part of our world-class community of elite business owners and advisors. The customers we work with are some of the most interesting people that one could have worked with, each with a variety of ideas and thoughts and challenges and opportunities. TAB’s business opportunity is one that has enormous flexibility and great independence, while at the same time being part of a very supportive community. There are not many organizations like that.
You must have the right mind-set, the mind-set that “this is up to me.” You must be determined to be successful and resilient in your tenacity, both of which are attributes of any successful business owner. To succeed with TAB, you must also have an ability to connect with people, to coach, to enjoy not just helping someone through the bottom line of business, but also be motivated and inspired to help someone improve the bottom line of their life by running a more successful business. Finally, you must be knowledgeable about and understand the basics of business.
Business encompasses a lot of areas like marketing, sales, operations, finance. Do TAB business owners have to be experts in all these areas to be successful?
No, absolutely not. No one is an expert in all of these areas. One of the most powerful things about The Alternative Board is that the knowledge and experience in all areas comes from the power of the board or the broader community. For example, if a TBO is excellent at marketing, that is a tremendous benefit to privately held business owners – but if that same TBO does not know finance or technology, that is alright because they have the power of the other Board Members, the power of thousands of other TAB Members around the world who will share their knowledge of those particular areas.
The marketing team at The Alternative Board understands various marketing tactics like social media, diverse marketing platforms, digital marketing, and the team even offers a LinkedIn coach. TAB excels in terms of one of those differentiators.TAB has all of the bases covered when it comes to ways to market and assist the TBOs in appointment setting.
TAB has pre-training to prepare new TBOs for initial training; a great deal of time is spent to discuss the training through our process because it is important. The pre-training positively prepares you for the initial training. TAB trains you on what you need to know.Once you have been through that training, you can always come back to initial training with no additional charge, even if you have been with TAB for 7, 10, 15, 20 years. It is all included in that one-time training fee.
One of TAB’s core values is lifelong learning; as a trusted advisor and a coach to business owners, you should always be growing in knowledge. One way is attending initial training again – initial training is constantly being updated as processes evolve, so that “initial training” becomes new training when it comes to the use and operation of TAB’s latest tools and operating systems.TAB also has great webinars and seminars of leadership where people can continue to grow. We have regularly scheduled training on different topics and timely needs of business owners. TAB’s ability to provide learning opportunities to TBOs is enormous. It is impossible to NOT learn by being a facilitator because you are around so many different scenarios and see why people are successful or unsuccessful.
Most candidates do not actually want to buy a franchise. What they are genuinely looking to invest in, is the support, the backroom operations. TAB is here and ready when you are interested in the opportunity, and there is a fit. What you will experience when you come here is going to be doing exactly what you love to do: Coaching, facilitation, consulting, training. The rest of that is left up to TAB in terms of the accounting, IT support, marketing support, etc. – it is all done by TAB for you. This is the type of service that you deserve. When candidates see the website, the brochure, the work put into the quality of the materials – all of that is done at the home office.
Their businesses are in every type of industry one can think of; every field of business. TAB Members on each TAB Board generally own businesses of comparable size ranges. They are privately held business owners; they are forward-thinking, and they want more – more productivity, more profitability, sometimes even more personal fulfillment.This diversity has been incredibly valuable, especially knowing from experience that 75 – 80% of businesses are the same at heart. Sitting on a TAB Board with diverse industries from all different areas allows every business owner to look at their own business through different lenses – evaluate their own issues from a different paradigm.
The primary thing is the advice a TAB Member gets from the Board Members – a peer board of non-competing business owners meeting every month in a confidential, safe environment where they present challenges and opportunities. Those Members typically have hundreds of years of business experience between them. Every TAB Board in the world has Members who can provide valuable expertise on every imaginable business challenge.In addition, a TAB Member gets coaching from you. You will help your Members to stay on track, hold them accountable to your strategic plan, and keep them focused.Beyond that, TAB Members get tremendous value by being able to leverage TAB’s best of class tools and processes, like Business Builder’s Blueprint, the TAB assessment, and TAB’s strategic planning process.Also, people really enjoy being part of a global organization of business owners. TAB is a world-class organization around the globe, as well as a world-class community.
The average retention of a TAB Member is almost five years. However, several Members have stayed for decades – some Members have been with TAB since its inception!Members stay with TAB because of value. The advice they receive brings about bottom-line value to their companies and value to their lives. It is very important to have a place where business owners can have a connection with fellow business owners, which is unlike any other connection they will ever have.Members can tap into TAB’s tools and processes and leadership where they are a part of a community where they can get advice, guidance, and opportunities presented from other TAB Members around the world. Why would anyone let that go?TAB strives to perform such that the only time TAB Members do leave is because they have successfully transitioned their business and sold it and are living the full benefit of what every entrepreneur envisions.
More Questions? We would love to connect with you!