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.
Baby wipes
Satellite TV subscription
Nappies
Swimming lessons
Outings
Food
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 insurance you might need?
What type of mobile phone you will need?
What sort of childcare you will offer?
Who to choose to supply your electricity?
Where it will be located?
Whether you need to register with Ofsted?
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
Make of car you drive whilst transporting children
Fees charged by other childcare businesses in the area
Income levels of parents in the area
Hours during which the business is available
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