Business Model
The annual cost of a Hub is set by the Hub Collective, depending on locally set goals, structure and Ambassador time. This business model is based on local ownership and commitment to collaboratively achieve area specific economic development goals for women.
A social franchise fee is paid to Global Sisters each year for access to the Hub tools and resources, program participant digital marketing and direct delivery of the programs and tools to Sisters in the local Hub.
Before starting a new Hub we recommend having secured funding commitments for 2-3 years of operations. The local Hub Collective can secure funding and in-kind support from a mixture of local or State Government, philanthropic, corporate, industry or community sources. Hubs cannot however charge Sisters to participate- we intend to keep our program 100% free for Sisters, so it removes financial barriers to business setup.
In addition to Hub costs, a regular space for Sisters to access the Global Sisters programs, meet and work together is required. This can either be funded by locally sourced funds or provided as in-kind support by the Hub Collective.
Annual Cost Structure
Local Ambassador role:
(This role if your hire. We suggest 1.5 days per week minimum)
$20,000+
Social franchise fee to Global Sisters:
$40,000
People & Program Delivery
$27000
Digital marketing
$5000
Social impact & Admin
$5000
Hub resources, training and support
$3000
Monthly Sister meet up space/venue:
In-kind or at-cost
The Local Ambassador Role
The Local Ambassador role is a PT role that can be built into an existing role or hired by the lead organisation in the Hub Collective.
The Ambassador role can be structured (ie employment type, salary, days per week etc) based on the Hub Collective structure, local need and goals.
It is estimated that the Ambassador role is a minimum of 1.5 days per week. Global Sisters can provide a sample position description on request.
Social Franchise Fee
The Social Franchise Fee covers the following at Global Sisters:
People and Program Delivery Costs: Concierge, Business Education, Coaching Programs, Marketplace (Sales & Marketing Support), Microfinance and Community.
Digital marketing costs: geographic and cohort targeted digital marketing to reach and engage Sisters in the local Hub
Social impact and admin: impact data collection, analysis and publication including storytelling and PR
Hub resources, training and support: Provision of tools and resources to successfully run a local Hub.