Armstrong talked with Oprah Winfrey at his house in Austin, Monday; he opened up about the doping allegations against him.
In the interview, Armstrong confessed to years of performance enhancing drug use in order to save his cancer fighting foundation, Livestrong.
Monday morning, he also apologized to his Livestrong foundation staff for lying to them.
DFC Cycle and Fitness employee Michael Davis thinks Armstrong's honesty will help Livestrong's reputation along with his own.
"You know for the most part I think most people have their minds made who have kind of fallen off the Lance bandwagon," said David. "But sure, I think there will be a few people who do change their minds just because he has come out and being a little more honest with the public."
Oprah's interview will air on Thursday night on the OWN Network. It will also stream worldwide at Oprah.com simultaneously.