Estimation Before Launching Event


  • Unit No: N/A
  • Level: High school
  • Pages: 4 / Words 940
  • Paper Type: Essay
  • Course Code: N/A
  • Downloads: 540
Question :

This assessment will cover following questions:

  • Explain the concept and importance of budgeting.
  • How budgeting can help in launching an event with selection of food and entertainment.
  • What are the major cost items that would be included in budget with analysis of the realistic cost included in the budget.
Answer :
Organization Selected : N/A


Defining launch event


To plan for launching a shop “Refresh” which will sell freshly squeezed juices, tea and coffee in the form of celebrity opening.

Launch event:

The event will be launched during weekend, in the evening so that nearby tub stations will also have crowd and people will also have time to attend the event. The event will be launched on site so that along with the promotion people can also have actual look and experience of the shop and its product. In the launch event one or two products as welcome drink will be offered free so that visitors can experience the quality of food. Since it will be a celebrity opening a fitness freak or celebrity will be invited in the event so that it will give message to people that launched products are healthy.

Instead of formal ribbon cutting or opening ceremony there will be full entertainment in the form of music, dance and some performance and interaction session with the celebrity. Though entertainment and food will include cost huge expenses but this strategy will help to create brand awareness and popularity among people. Thus from promotional perspective and achieving business objective these expenses are justified. People are conscious about health and related products but they tend to consider the juices from shop less trustworthy from quality perspective. However when celebrities which are more conscious to health will promote the shop then it will be convenient for the people to trust the products and to buy them. Another benefit of launching product in the form of grand celebrity event is that it will be able to successfully gain the attention of public. In addition to this instead of believing on judgements of others people will get a chance to develop their own opinion by using services at their own. Thus it will be completely justified to make the opening ceremony huge and grand.



The launch event will include following costs:


Expected cost

Business registration, licenses and permits


Marketing expenses including flyer printing, celebrity cost and grand opening event


Insurance cost (total premium)


Leasing cost in desired location near tube station


Operational cost for first quarter (employee cost and bills)


Inventory, furniture, equipment and gadgets


Supplier cost (monthly)


Store equipment cost


Launch event cost


Website development and other digital promotional tools





An estimate of £370,000 will be required to set up a medium scale juice shop. The budget will also include the salary of various staff members for the first three quarters. For starting a business it is necessary that all necessary permits related to health and safety, occupational safety, business registrations must also be complete as the priority. Further a huge amount of investment will be required in inventory and gadgets. It will include all machines or equipment, shop furniture, tableware juice blenders, sound system, staff uniform, slicers, ingredient bins and ice making machines required for the shop.
To get more details about online assignment help connect with us.

Download Full Sample
Cite This Work To export references to this Sample, select the desired referencing style below:
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 6.27

Delivered on-time or your money back

100+ Qualified Writers

For Best Entrepreneurship And Small Business Management Assignment Help

View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Check your work against paraphrasing & get a free Plagiarism report!

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Plagiarism report!

    Check Plagiarism
  • tools Dissertation Outline Generator

    Quick and Simple Tool to Generate Dissertation Outline Instantly

    Dissertation Outline Generator
  • tools Grammar Checker Tool

    Make your content free of errors in just a few clicks for free!

    Grammar Checker
  • tools Essay Typer

    Generate plagiarism-free essays as per your topic’s requirement!

    Essay Typer
  • tools Thesis Statement Generator

    Generate a Compelling Thesis Statement and Impress Your Professor

    Try Thesis Generator Tool

Professional Academic Help at Pocket-Friendly Prices!

Captcha Code refresh

      Estimated Price

      USD 6.6 25% OFF
      Total Price USD 6.27
      182532+Delivered Orders 4500+PhD Writers 4.8/5Client Rating

      AD whatsapp