The UNIT 4 Idea is using social media platforms for businesses

Develop a budget statement for a business who is planning to use social media for growth. Like how much would it cost to use social media platforms for developing or expanding a business.

On successful completion of this assessment, students should be able to:

• develop a budget for a business idea presented in unit 4, projecting costs associated with the venture,
• analyze the funding need and provide breakdown of appropriate cost centers, and
• identify the profit or loss for the venture in year one and show when the business will be profitable.

Brief Description

The assignment requires the completion of a budget to project costs associated with the new venture and will be used as a guide in terms of how much funding is needed to launch the business. The budget statement should reference the business opportunity submitted in unit 4. The budget statement will be augmented with notes to explain the choices and projections.

Please use the instructions provided.