The Alternative Board vs Second Opinion Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Alternative Board vs Second Opinion including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Alternative Board Franchise
Second Opinion Franchise
Investment $45,604 - $94,629 $50,000
Franchise Fee $9,450 - $44,000 $30,000
Royalty Fee 10 - 50% -
Advertising Fee Varies -
Year Founded 1990 2004
Year Franchised 1996 2007
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee $1.5K -


Business Experience Requirements

 
The Alternative Board Franchise
Second Opinion Franchise
Experience
  • Minimum 10 years' senior-level business experience
  • Excellent communication and presentation skills
  • Minimum net worth of $300,000
  • -

    Financing Options

     
    The Alternative Board Franchise
    Second Opinion Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/Yes -/-
    Start-up Costs No/Yes -/-
    Equipment No/Yes -/-
    Inventory No/Yes -/-
    Receivables Yes/No -/-
    Payroll No/No -/-

    Training & Support

     
    The Alternative Board Franchise
    Second Opinion Franchise
    Training Here at TAB we begin with 10 hours of pre-training (online) to set the stage for a very successful 8 days of training at our corporate headquarters in Westminster, CO. During a new launch, TAB also provides personalized in-field coaching and training to further prepare our TAB Business Owners to capitalize on lead generation, marketing strategies, and conversion of appointments to board memberships and consulting engagements. On-The-Job Training: 8 days Classroom Training: 8 days Additional Training: Monthly/quarterly conference calls -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform -
    Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing -
    Operations Franchise can be run from home.

    12% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    The Alternative Board Franchise
    Second Opinion Franchise
    US Expansion Yes -
    Canada Expansion No Yes
    International Expansion Yes -

    Start-Up Costs and Fees Mobile

    Investment
    The Alternative Board Franchise
    $45,604 - $94,629
    Second Opinion Franchise
    $50,000
    Franchise Fee
    The Alternative Board Franchise
    $9,450 - $44,000
    Second Opinion Franchise
    $30,000
    Royalty Fee
    The Alternative Board Franchise
    10 - 50%
    Second Opinion Franchise
    -
    Advertising Fee
    The Alternative Board Franchise
    Varies
    Second Opinion Franchise
    -
    Year Founded
    The Alternative Board Franchise
    1990
    Second Opinion Franchise
    2004
    Year Franchised
    The Alternative Board Franchise
    1996
    Second Opinion Franchise
    2007
    Term Of Agreement
    The Alternative Board Franchise
    10 years
    Second Opinion Franchise
    -
    Renewal Fee
    The Alternative Board Franchise
    $1.5K
    Second Opinion Franchise
    -


    Business Experience Requirements

    Experience
    The Alternative Board Franchise
  • Minimum 10 years' senior-level business experience
  • Excellent communication and presentation skills
  • Minimum net worth of $300,000
  • Second Opinion Franchise
    -

    Financing Options

      In-House/3rd Party
    Franchise Fees
    The Alternative Board Franchise
    No/Yes
    Second Opinion Franchise
    -/-
    Start-up Costs
    The Alternative Board Franchise
    No/Yes
    Second Opinion Franchise
    -/-
    Equipment
    The Alternative Board Franchise
    No/Yes
    Second Opinion Franchise
    -/-
    Inventory
    The Alternative Board Franchise
    No/Yes
    Second Opinion Franchise
    -/-
    Receivables
    The Alternative Board Franchise
    Yes/No
    Second Opinion Franchise
    -/-
    Payroll
    The Alternative Board Franchise
    No/No
    Second Opinion Franchise
    -/-

    Training & Support

    Training
    The Alternative Board Franchise
    Here at TAB we begin with 10 hours of pre-training (online) to set the stage for a very successful 8 days of training at our corporate headquarters in Westminster, CO. During a new launch, TAB also provides personalized in-field coaching and training to further prepare our TAB Business Owners to capitalize on lead generation, marketing strategies, and conversion of appointments to board memberships and consulting engagements. On-The-Job Training: 8 days Classroom Training: 8 days Additional Training: Monthly/quarterly conference calls
    Second Opinion Franchise
    -
    Support
    The Alternative Board Franchise
    Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform
    Second Opinion Franchise
    -
    Marketing
    The Alternative Board Franchise
    Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Second Opinion Franchise
    -
    Operations
    The Alternative Board Franchise
    Franchise can be run from home.

    12% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Second Opinion Franchise
    -

    Expansion Plans

    US Expansion
    The Alternative Board Franchise
    Yes
    Second Opinion Franchise
    -
    Canada Expansion
    The Alternative Board Franchise
    No
    Second Opinion Franchise
    Yes
    International Expansion
    The Alternative Board Franchise
    Yes
    Second Opinion Franchise
    -

    Company Overviews

    About The Alternative Board

    The Alternative Board offers consultants, business owners, and transitioning corporate executives the opportunity to earn significant income from facilitating executive peer boards and coaching local business owners and leaders using TAB's proprietary tools to help companies achieve greater success.
    As TAB-Certified Facilitator/Coaches, franchisees facilitate monthly peer advisory board meetings where, based on the collective experience of the board, members receive real-world solutions and practical advice on how to solve challenges and seize new opportunities. Founder, Allen Fishman, began developing the peer board concept after he guided his electronics firm from a private to a public company. The organization has expanded to benefit thousands of businesses throughout the world.
    Veteran Incentives  10% off franchise fee

    About Second Opinion

    It is natural to get a second opinion on major health issues; why not on major financial issues? Second Opinion offices offer financial consulting services to retail and corporate clients. We remain completely independent and unbiased and do not sell products of any kind. Our only fee is an hourly fee paid directly by our clients which gives us a major competitive advantage.