Who better to support franchise business owners with growth and development than another franchisee? As small business and franchise owners themselves, TAB (The Alternative Board) coaches are perfectly placed to support other franchisees with their businesses. This is the most recent development at TAB and many franchisees have been taking the opportunity to tap into this unique market for their services.
TAB is the world’s largest peer-to-peer support and business advisory franchise. Their franchise owners run dynamic, membership-only board meetings to facilitate peer-to-peer support and offer one-to-one coaching for business owners. TAB empower business owners to achieve more; more profitability, productivity and personal fulfilment.
Supporting fellow franchisees gives TAB business owners the opportunity to share their franchising experiences with others to coach them through their businesses and is an extremely rewarding venture. Two franchise owners who have been taking advantage of this opportunity are Clare Chaney, franchise owner in the North Downs and Ian Gregory, franchise owner in Mid-Cheshire.
“I’ve found that being a franchisee myself is a definite advantage when coaching franchisees. I know that within set business models there are things that they can and cannot change and I can empathise with them and see where they are coming from. I can then find ways to work around certain problems. TAB are particularly supportive as a group and that runs from a regional level through to an international level. I have a very good example of being a franchisee and being part of a supportive franchise which I find extremely beneficial. I can suggest to franchisees that they maybe ask their franchisor if certain aspects of the business can be changed around to suit them but still adhere to best practice within the franchise,” explains Clare.
Since 1990, TAB franchise owners have helped over 13,000 business owners achieve their personal and professional goals. They have close to 25 years’ experience in the SME sector and their worldwide network of over 200 franchise owners are supported by a team of experts in all essential business disciplines. TAB are an associate member of the British Franchise Association, promoting ethical franchising.
“Being part of a franchise can be insular but sitting in on my boards often opens franchisees minds. In some cases, as a result of one of my board’s advice a franchisee has been able to drive their franchisor to change their policies because they are backed up by sound business coaching and experience,” says Ian.
“Working with franchisees is so rewarding and each franchisee I work with has been growing quarter on quarter. One of my franchisees is 12 months into his business and eight months in with me and he’s already more profitable than the other franchisees in his network. The challenges for most franchisees lie in the sales and marketing area so the ideas and development the board brings is quite significant for them,” explains Ian.
“I love doing what I do and being part of TAB. Knowing that my franchisee members are growing their businesses faster than others in their areas or sectors is a great reward. Two of my members are about to open their third franchises and the other is about to take on his fourth member of staff. All of their businesses are growing really well and our time spent together has been extremely worthwhile,” says Clare.
In the UK, there are currently 930 franchise systems in operation. Combined, they contribute £13.7 billion towards the UK economy. With over 22,400 franchisees in the UK, there is a huge opportunity for TAB franchisees to tap into the UK franchise market. Using exclusive TAB planning and development tools, franchise owners unlock the real world experience and skillsets of their board members to deliver an invaluable and inspiring service. Franchisees enjoy a regular and predictable income stream with significant opportunity for additional revenues.
“As a franchisor I have experienced TAB for my franchise operation for a number of years and I wholeheartedly endorse the benefits of both the monthly meetings and follow up mentoring. These sessions enable Tabbers to focus on strategic elements of the business that quite easily could have been forgotten about due to the demands of day to day operations. As franchisees run their own businesses with the support of the franchisor, the same pressures apply to them also. Logically, there is no reason why TAB membership could not be of direct benefit to thousands of franchisees also,” Mike Hanrahan, Franchisor, Maid2Clean.
Why do franchisees need business coaches in the form of TAB franchise owners? The answer is simple. They want to improve their businesses and set goals for themselves. In order to reach those goals they hire a coach to help them get there. If you’re a business owner who wants your business to reach a new level, consider hiring a business coach.
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