TABLEOF CONTENTSTABLEOF CONTENTS..........................................................................................................................2Task 4 Business Plan............................................................................................................................41.5 Expenditure and income to show profit and loss for your own business..............................41.6 Sources of support and information for the setting up and running home based childcarebusiness........................................................................................................................................4Task 5 Health and Safety......................................................................................................................42.1 Explain the key components of a healthy and safe home based environment.......................42.2 Explain the principles of safe supervision of children in the home based setting and off site.....................................................................................................................................................52.3 Identify ways of ensuring that equipment is suitable for children and meet safetyrequirements.................................................................................................................................52.4 Know where to obtain current guidance on health and safety risk assessment of the homebased work setting.......................................................................................................................62.5 Explain how to store and administer medicines....................................................................6Task 6 Parent’s charter.........................................................................................................................73.2 How do you set up the relationship think about first contact?...............................................74.1 How is the relationship maintained think about how you communicate with the child'sparent/guardian............................................................................................................................74.2 How do you adapt routines?..................................................................................................84.3 How do you ensure that each child is welcomed and valued in the setting?.........................8
Task 4 Supporting Equality and inclusion............................................................................................95.5 Compare how other resources available for children support their play. Look outside thesetting e.g. parks, library etc........................................................................................................9References..........................................................................................................................................10
TASK 4 BUSINESS PLAN1.5 Expenditure and income to show profit and loss for your own business The home-based childcare business can get greater income and profitability because theyare earning well and this can also assist in enhancing market share and success aspects. Thehome-based child care business is expected to earn around £ 5 billion per annum. Hence, it canbe said that income probabilities of childcare business is high; however a few expenses mightoccur due to indifferent aspects (Danziger and et.al., 2016). Expenditure may affect the businessprofitability up to some extent; hence for that contingency plans should be developed. It is anapparent fact that business always experience several constraints and in order to manage suchconstraints, entrepreneur must have to manage expenditure and income in the best possiblemanner. 1.6 Sources of support and information for the setting up and running home based childcarebusiness In order to develop a home based childcare business, it is crucial for the entrepreneur tocollect feasible and appropriate information about the market place so that business can beconducted effectively. While setting up the business, it is imperative to collect information fromexternal and internal sources like as family members, friends and other relatives. Entitiessurviving in the same area can also be considered at the time of collecting information about themarket scenario (De Vos-Kerkhof and et.al., 2016). Business can be operated successfully whenproper information about the market share and service potential is being collected. Besides this,support is also required to be collected in terms of monetary and non-monetary support such asavailability of finance must be there. In this respect, family members and relatives can becontacted so that they can assist in establishing the same childcare business. Further, if in casepartnership is essential, then all the respective partners must support each other in carrying outthe business effectively. At the time of giving reference to any of the person regarding thechildcare, then proper address and contact details will be given. This will assist the person toacquire information about the specific area. While giving reference to anyone, it is crucial toensure that proper details are being provided.
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