Managing a HomeBased Childcare Business

Unit aim

The aim of this unit is to help learners to develop the personal, legal and financial skills involved in setting up a home-based childcare business. It covers the procedures required for managing an effective home-based childcare business in terms of legal responsibilities, financial accounts, marketing and communication.

Learning outcomes

1 Be able to establish a home-based childcare business

1.1 Identify the relevant legislation and guidance for managing a homebased childcare business

1.2 Implement policies and procedures to meet the requirements for:

Self-employment

Management of staff

Registration and qualification

Insurance

Taxation

National insurance

Financial planning

1.3 Identify sources of support for managing a home-based childcare business

1.4 Create a marketing strategy for promoting own business

2 Be able to manage the home-based childcare business

2.1 Manage time efficiently when establishing daily routines

2.2 Maintain accurate financial records

2.3 Keep accurate and up to date records on the children within own care

2.4 Use ICT to manage the business

2.5 Evaluate the service provision of own business

2.6 Develop an action plan for improving own business

3 Be able to manage relationships with parents and/or carers as customers in home-based childcare

3.1 Develop formal procedures for:

Sharing information with parents and/or carers

Contracts

Payment arrangements

Recognising parent and/or carer’s wishes

Managing disputes

Confidentiality

Evaluation of service to parents and/or carers

3.2 Communicate effectively with parents and/or carers