Franchise ownership is often seen as an exciting and lucrative opportunity. However, there are several myths that can deter potential franchisees from exploring this path. At The Alternative Board (TAB), we believe in setting the record straight by sharing the real benefits of owning a franchise.
Let’s take a closer look at some common misconceptions. If you haven’t yet, go back and read Part 1 and Part 2 of this blog series, which covers six myths surrounding background barriers, flexible freedom, low-risk investment, independence, corporate support, and adaptability to local markets.
Myth #7: “Owning a Franchise is too Expensive”
Reality: TAB is an affordable franchise opportunity.
One of the most persistent myths about franchising is that it requires a huge initial investment. Many potential franchisees believe that the upfront costs are out of reach, especially when considering traditional franchise models with high franchise fees and significant startup costs.
TAB offers one of the most cost-effective franchise opportunities available. Here’s how TAB makes it easier for franchisees:
- Lower Initial Investment: While some franchises demand hefty investments, TAB has a low cost of entry, with franchise fees and startup costs that are significantly lower than most in the consulting and coaching industries.
- Quick ROI: Most franchisees begin seeing returns within the first year, thanks to the structured support and business development resources that TAB provides. TAB’s proven business model means franchisees can start seeing a return on investment faster than they might expect.
- Ongoing Support: From financing options to day-to-day business development, TAB’s corporate team ensures that franchisees are set up for success right from the start. We’ll support you in recruiting Members to establish TAB Boards and in providing the full range of TAB services to retain those Members for the long term.
Don’t just take our word for it. Jackie Gernaey, a TAB Franchise Owner in Long Island, NY, shares: “When I heard about The Alternative Board, I was intrigued by the recurring revenue model. It flattens your revenue stream and provides a stable base. TAB is so much more fun than just doing consulting projects!”
Myth #8: “It’s Hard to Make a Lasting Impact”
Reality: TAB Helps You Create Lasting Impact in Your Community.
Many people believe that owning a franchise is all about profits, with little room for making a meaningful difference in the community. This couldn’t be farther from the truth. With TAB, franchisees not only help businesses grow but also create positive, lasting change in their local communities.
Here’s how TAB franchisees make an impact:
- Community Influence: TAB franchisees work directly with local business owners, offering strategic guidance to help them overcome challenges and achieve their goals. By fostering strong, supportive relationships, franchisees play a key role in the success and growth of businesses in their communities.
- Lasting Value: By supporting small businesses, TAB franchisees help build stronger, more resilient local economies. This long-term impact contributes to job creation, economic stability, and a healthier business environment, benefiting not just individual clients but entire communities.
- Purposeful Business: The TAB model allows franchisees to make a real difference by helping others achieve both their professional and personal aspirations. This sense of purpose adds a deeper level of satisfaction to the business journey, making it more rewarding and meaningful for franchisees.
Dave McCartney, a TAB Business Owner in Leeds, UK, shares his perspective:
“At first, I thought TAB was only about improving business performance, but I now realize it’s just as much about helping people achieve their personal vision and improve their lives. This has become a key driver for me.”
Myth #9: “I’ll have to start from the ground up”
Reality: TAB Provides a proven path to success.
Starting a business from scratch can seem daunting. Many prospective franchisees worry they will have to figure everything out on their own, reinventing the wheel in the process. With TAB, you don’t have to start from zero. The franchise system is designed to provide a strong foundation right from the beginning. Here’s what makes starting with TAB easier:
- Proven System: TAB’s franchise model provides a clear, structured pathway for success, making it easy for franchisees to follow a tested formula. This eliminates the uncertainty and guesswork often associated with starting a business, allowing franchisees to focus on growth from day one.
- Strong Foundation: With established processes and a refined business model, TAB gives franchisees a competitive edge. This foundation helps franchisees build their businesses faster and more efficiently, setting them up for long-term success in their market.
- Ongoing Support: TAB offers comprehensive support at every stage of the franchise journey. From initial training to ongoing resources and guidance, franchisees always have access to the tools they need to grow their business confidently.
Franchisee Ramas Krishnan shares his experience:
“The commitment to build a vibrant global brand with investments in methods and tools is driven top down. Financial gains, valuation, and professional satisfaction are natural outcomes.”
Why Choose TAB?
Owning a TAB franchise provides a unique opportunity to build a business that’s both financially rewarding and personally fulfilling. By debunking common myths about franchising, we hope to give you a clearer understanding of what it means to be a TAB franchisee. Whether it’s the affordability of owning a franchise, the lasting impact you can make, or the solid foundation you can build on, TAB is committed to setting you up for success.
Ready to explore how TAB can help you achieve your entrepreneurial goals? Let’s chat!