Understand how to create a business plan
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Question 1 of 5
Which of these could you consider to be running costs for a home based childcare business? Select the four correct answers.
Food
Satellite TV subscription
Nappies
Swimming lessons
Baby wipes
Outings
Which questions should you answer when preparing to create a business plan for a home based childcare business? Select the four correct answers.
What type of mobile phone you will need?
Where it will be located?
Who to choose to supply your electricity?
What type of insurance you might need?
Whether you need to register with Ofsted?
What sort of childcare you will offer?
If you choose to employ an assistant you will need to have employer’s liability insurance. Is this statement true or false?
FALSE
TRUE
Which of these types of insurance will you need to have in order to register your home based childcare business with Ofsted?
Public liability insurance
Life insurance
Buildings insurance
Health insurance
What factors can influence the fees you charge for a home based childcare business? Select the four correct answers.
Running costs of the business
Fees charged by other childcare businesses in the area
Income levels of parents in the area
Make of car you drive whilst transporting children
Hours during which the business is available
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