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Information Technology Consulting Business Plan

Executive Summary

A single runtime called Katahdin enables programmers to use multiple programming languages in the same program, file, or function. Katahdin uses loadable language definition modules instead of distinct runtimes for every language. Users can change language definitions to add. They can define innovative features and classes as readily as new structures like operators or statements. Either new languages can be constructed from scratch, or new language definitions can be made to enable Katahdin to run programs created using a current language. Chris Seaton, a student at the University of Bristol, created Katahdin as his master’s thesis as an innovative application of current research in parsing theory.

An individual can save development expenses using Katahdin because they only need to maintain and support one runtime, use any language for any program section, and reuse code across languages. Furthermore, the persons can create domain-specific languages as easily as they can write a function library.

The company that will be founded to leverage this technology to reduce the expenses of development and maintenance for enterprises is Katahdin Consulting. In particular, Katahdin excels at resolving issues involving legacy systems that rely on out-of-date or unsupported runtimes or do not function on modern hardware, programs written in languages where programmers are hard to come by or expensive to hire, and systems written in niche or antiquated languages.

The Katahdin technology will be available as open-source software and promoted as a community effort to attract developers. Users will be encouraged to group to share language definitions. Users of Katahdin and general software system consulting projects where Katahdin will be used can purchase consulting services from Katahdin Consulting.

To maintain operations until the organization turns a profit, which is predicted to happen at the beginning of the second year, Katahdin Consulting requires an investment of £175,000. Katahdin’s development must continue for the first six months, and £75,000 is required to launch the company. As they begin to hire staff and sign on the company’s first clients in the sixth month, an additional £100,000 is required. At each level, different investors might provide funding while also earning stock in the company.

1.0.Information Technology Consulting Business Plan

2.0.Introduction

2.1.Company Overview

The Katahdin Group is the United States’ leading strategic information and technology service provider (Ngere et al., 2018). The company, which takes its name from Mount Katahdin in Maine, also known as “The Greatest Mountain,” offers ambitious CEOs a unique resource to help them further improve their performance and, as a result, quicken profitable growth—a collaborator to aid CEOs in growing their businesses to new heights. The company carefully crafted blend of experience, process, and inspiration has benefitted hundreds of executives of growth firms for more than 20 years. It is more rigorous than just a peer group and engaging than a consultancy. The company encourages and inspires higher-level breakthroughs for long-lasting change by combining an intensely engaged network of leaders who offer new ideas and frank feedback with a rigorous process led by former CEO facilitators.

  • Katahdin Technology

In a programming language, software applications are written as source code text. Before the program can be executed, the source code must be translated. When the tool is referred to as an interpreter or a compiler, this can occasionally be done by the user or the developer. Compilers, interpreters, and other relevant development tools used to run programs are called runtimes in this context. Individual needs a different runtime tool for each language they use when using traditional development tools.

The person must combine runtimes compatible with the same platform if they want their programs to communicate (Wen et al., 2014). Because each runtime is noted differently, it is not easy to get programs built in different languages to communicate with one another. IO channels are typically the only method to transmit data across the programs. For instance, if a company uses the general-purpose language Python and the scientific language FORTRAN, it must install, maintain, and use distinct runtimes for each. Making two programs built in different languages work together is quite challenging.

The runtime an individual selects further limits their options. Suppose you want to design a portion of their system in Visual Basic. In that case, you are limited to using just runtimes accessible on Windows systems, or you must set up challenging cross-platform communication. The runtime you have is the only one accessible if the language you are using on a project was created especially for their company. They would be responsible for covering the expense of transferring the entire runtime if they wished to use their product on a different platform, such as a computer.

  • Katahdin’s Approach

According to a data structure called language grammar, conventional runtimes only support fixed languages (Seaton, 2007). The language in Katahdin is a mutable, or modifiable, data structure. You can change the grammar to match any computer language you like. Language definition modules, built very similarly to conventional function libraries, are where changes to the grammar are stored. Every language for which you supply a defining module can be used with Katahdin. Users will be allowed to create and share new modules, and the standard library will already include definition modules for several widely used languages. It should be possible for any developer, regardless of background, to create a module.

Using the modules, Katahdin can execute any language as a single runtime. Company programs can share data while they are all operating simultaneously. For instance, Python application can invoke a function specified in a FORTRAN program as if it were defined in Python code.

In Katahdin, language definitions are data structures that can be changed at runtime. Using Katahdin, an indivudal can use many languages in the same program, file, or function, which can combine two or more language declarations. For instance, the company in the example on the preceding page would only utilize the Katahdin runtime if they moved to Katahdin. For each program, Katahdin would use the proper language definition module. Katahdin would employ both language modules, composing FORTRAN and Python, if the company desired to use both in a single program. This is what developers currently want to do: By encoding SQL statements as string constants, applications built in other languages frequently include SQL statements. Combining their language’s definition with the SQL language definition in Katahdin allows you to use SQL statements as if they were native to their language. Because the user is no longer awkwardly generating SQL query strings using user input, errors like SQL injection or poisoning attacks are eliminated.

Katahdin is built on top of Novell Mono, an open-source implementation of the Microsoft.NET framework. It was developed using the Linux and Mac OS X operating systems, but it ought to function on Windows as well. It could also be easily modified to run on top of the Sun Java platform or a platform that was built from the ground up. With the use of these three Katahdin runtime ports, it could attack any operating system or device.

2.4.Current State at Katahdin

The creation of Katahdin began in the summer of 2006. To investigate the potential applications of the idea, two prototypes were created. Now that a workable implementation has been made, it will be further improved to production standards. Today’s demonstration of Katahdin to a technical audience is set to go. Error handling, speed optimization, and the creation of language definition modules for already existing languages are the current development priorities. The Katahdin standard library includes FORTRAN and Python proof-of-concept language definitions. The company plans to develop this to include Java, Visual Basic, COBOL, and other languages prevalent in the business.

3.0.Business Strategy

Using Katahdin technology, Katahdin Consulting will provide business consulting and software development services. In the initial year of operations, it will take on ordinary clients and offer solutions using conventional development tools because the Katahdin technology will need time to evolve. Katahdin will be prepared for usage in client projects by the second year. Nearly all language runtimes are open-source, with the creators making money by peddling the corresponding software, services, and training. Katahdin licenses should not be purchased. Therefore, charging for them would be useless. The open-source/free software license for Katahdin will be free. The organization aims to foster a user base using Katahdin independently and exchanging language modules. It foresees people coming to them explicitly for services relating to Katahdin rather than general consultancy, as Katahdin gains more recognition in the business. Katahdin would be advertised to companies and developers as a typical all-purpose development tool. Katahdin Consulting would be ideally situated to offer this assistance.

3.1.The Need for IT in the Selected Niche

Finding the ideal software solution is difficult when it includes software development, despite the fact that different programming languages and their prospective solutions are usually difficult to choose without a practical guide. No matter the industry or size of the firm, information technology is having a rapid impact on corporate operations (Tavera et al., 2021). Due to recent technical breakthroughs, information technology has a big impact on how firms operate.

According to the tendency that business innovation is essential for IT and vice versa, information technology consulting is providing the necessary treatment. Information technology is currently essential to online business, digital marketing, social networking, communication, and cloud computing. Information technology consultancy is therefore a crucial factor in business growth.

In general, information technology helps organizations run smoothly by enabling efficient operations that save costs, improve communication, increase performance, and provide innovative goods. Particularly, information technology experts are helping to build a stronger platform for unequivocal economic success.

Many IT consulting companies provide the best services to achieve their goals. The information technology (IT) sector offers various solutions via various platforms, programming languages, technologies, tools, and other means. For expansion, businesses either hire IT experts or heed valuable advice. Information Technology consulting services are crucial in business management, implementation, deployment, and maintenance. Information technology advisers help businesses to successfully achieve their business objectives by supporting them in improving their IT infrastructure. IT consultants assist firms in gaining an advantage over competitors by effectively developing new technology. The office communication process is streamlined by IT solutions, and knowledge transfer takes place in the most flexible ways imaginable. Contrary to popular belief, an IT consultant’s duties go beyond simple advice-giving. The most effective IT consultants are hard workers who go above and beyond just providing verbal solutions. They do competitive analyses, develop important IT strategies, implement IT systems, administer systems, and other things.

3.2.Vision and Mission Statement of the Katahdin Consulting

Vision

The goal of Katahdin Consulting is to be the top provider of information technology consulting services and products for its clients. To fulfill the vision, the company must adhere to the strategic business plan and offer high-quality services and goods.

Mission

The goal of Katahdin Consulting is to help clients achieve their business objectives by providing cutting-edge, first-rate consulting, IT solutions, and services. The company’s mission is to provide a positive working environment for all parties. To accomplish the aforementioned purpose, the strategic management team concentrates on providing high-quality goods and services that live up to client expectations.

3.3.Legal Structure of the Consulting Business

Inside the company, Katahdin Consulting uses a system known as a “functional organization”. This shows that the company’s organizational structure is based on functional expertise areas rather than on particular products. The things are then produced by experts from numerous sectors. The company is divided into different, specialized departments. Vice presidents and high executives are specific to each division. As an illustration, this shows that Katahdin has Senior Vice Presidents for Operations, Hardware Engineering, and Machine Learning.

The hierarchy system they have established within their business, which is centered on competency, has helped the company establish a strong feeling of corporate control. The fact that each company has the room to work to its full ability allows Katahdin to routinely generate items that are market leaders.

As the company’s director, Chris Seaton will focus on the growth of Katahdin and corporate strategy. For the first few years, he will hire additional employees. The business manager will deal with customers and run the company. They must have the business expertise to conduct commercial discussions and portray a professional image. The consulting developers will employ both system analysts and developers. They will meet with clients to discuss their issues and provide solutions. Depending on the projects, consulting developers may work on multiple projects at once in groups of varied sizes. Each consultant developer working on a client’s project is billed hourly.

The community manager will create the website and lead the community-building initiative. Also, they will handle marketing. The receptionist will be recruited when they have a permanent office and work with clients in the second year. The company has budgeted an additional £5,000 per year for each employee to cover costs such as hiring, training, maternity and paternity leave, other expenses, and paying national insurance contributions.

Katahdin’s Management Structure

Position Responsibility and Qualification
Director The director is responsible for Katahdin development, developer training, and business planning.
Consulting Developer Graduates or professionals with relevant expertise should accomplish the creation of Katahdin, systems analysis, client projects, and the training of junior developers.
Community Manager Web site development.

Community engagement.

Familiarity with the open source community. Website management.

Technical writing.

Fundamental graphic design and sound commercial judgment are all desirable responsibilities.

Business Manager Customer relations, business administration, and technical business abilities, such as a computer science graduate with a business master’s degree, are required. Experience is also required.
Receptionist Customer connections, minor business administration, and may lack professional business training.

Katahdin business divisions are organized by competency rather than by product, so every employee has a specialized function with specific responsibilities. Every single employee is doing their best work in the position that best suits their skills. They may thus create integrated products with excellent user experiences, something of which the CEO has always been proud.

4.0.Products and Services Provided

The customer base is experiencing several challenges, including but not limited to a lack of necessary expertise who can handle their operation. Information technology is a field or industry in constant development and enhancement (Chege et al., 2020). Therefore, the developments require updated knowledge which necessitates experts. This problem limits the business from achieving its goal. Further, the customers lack the software and qualified employees. Therefore, Katahdin consultancy aims to solve these issues by providing various solutions, including products and services. The provided services and products are discussed below.

4.1.Software Consultancy

Businesses that lack the necessary expertise can obtain them through software consultancy. Software consulting services include suggestions for system selection, installation, and management. The issues with systems integration and unsupported languages and runtimes can be solved uniquely with Katahdin. Businesses may seek the company’s assistance, for instance, on how to:

  • Run outdated systems on modern hardware or software platforms;
  • Integrate outdated applications with new ones.
  • How to update developer tools that are not supported.

When Katahdin is prepared for usage in production, its consulting developers will assist organizations in using Katahdin to address these issues; in the interim, they can offer guidance on using conventional development tools.

4.2.Software development for Bespoke

Creating a software system, especially for a particular company’s needs, is called bespoke software development. In the scenario, the consulting developer, a systems analyst, determine the client’s requirements. With Katahdin, it might compete in the software development of:

  • Adaptive new software for legacy systems
  • Languages specialized in domains
  • Developing general-purpose applications for desktop, server, and embedded platforms

Development of domain-specific languages, which are widely used by a variety of sectors, including:

  • The creation and testing of hardware (using, for instance, the hardware description languages VHDL and Verilog).
  • Financial systems (such as the language used by bank Fortis MeesPierson to express interest rates or RISLA);
  • Graphics applications (such as the Maya modeling tool’s integrated MEL scripting language);

In the first year or two, until Katahdin is prepared for usage in production, it will offer the same custom software development services utilizing conventional development tools.

4.3.Katahdin Support

Businesses can experiment with Katahdin independently because it is freely accessible through the company’s website and has a user community that offers language modules and informal help. They predict that enterprises will begin implementing Katahdin in their systems since they are confident in the strength and usefulness of the software. Currently, Katahdin Consulting can start assisting Katahdin. This would entail the following:

  • Offering Katahdin usage advice
  • Addressing the program’s flaws
  • Porting Katahdin to new platforms
  • Getting Katahdin ready for certification for security standards like ISO Common Criteria, which certain companies and government customers demand.

4.4.Fees

The minimum fee for these services paid to firms is £100 per hour. For the same services, the government will not spend more than roughly £50. Each consultant’s rates vary based on the client and the task; thus, they do not post their rates but provide quotes after meeting with the client.

The company fees are set at the lower end of the range they may charge because its business plan is to leverage its technology to sell the same technology at a reduced cost. The charge used in the financial estimates is an average of £100 per hour in the first year, rising to £150 per hour in the second and third years for each hour of consulting developer’s labor. Yet, each client would be given an independently determined quote. As it expands and gains knowledge, it may demand a greater cost, and as Katahdin becomes well-known, enterprises will expressly want firm services.

If they have a more extended contract with a company, they may set the charge for a week, a month, or another period, and they can estimate how many developer hours it will take us to execute the job. Because such engagements are secure, businesses can offer a reduced hourly rate. Since shorter engagements are paid at a higher rate, employing a developer for just one hour would cost more than £100. The hourly prices above represent a cautious average for the spectrum of contracts.

4.5.Recruitment

Recruitment attempts will first concentrate on recent graduates from surrounding colleges who have degrees in technological subjects like computer technology. As they expand, the business will hire developers with consulting experience for the industries where they are doing well. The company offers highly competitive developer salaries in an effort to entice enthusiastic graduates wanting to work with cutting-edge technologies. Due to the flexibility of developers’ salary, they may spend more money attracting the right people. Because of the company’s relatively big team size, it will be able to hire developers with a variety of specialties who can work together to establish a technically solid team early on.

Because they need both technical and business abilities to fully understand what the organization does, business managers should have some type of business training, such as a graduate degree in business or prior work experience in the field. Because the community manager will build a website, technological know-how is also necessary.

5.0.Premise

5.1.Starting Up Phrase

The company hopes to be based at SETSquared Business Accelerator during the first six months of operation, during which the director will be the only employee. Having a connection to the University of Bristol, where Chris Seaton is completing his master’s degree, SETSquared is set up to help startups by offering a workstation and office amenities, including a reception area and telecoms. A company may project a professional image with SETSquared, which is necessary for recruiting. With SETSquared, a single employee is charged £100 per month for facilities. Before the group recruits the first developers and managers and moves into rented office space, they would be based there for six months.

5.2.The Operational Phrase

Katahdin Consulting will require professional workspaces for developers to work and clients to meet. For customer meetings, private office space is necessary; a virtual office, developers working from home, or a desk in a shared office are inappropriate options. They would employ a receptionist to greet customers and be on hand to take calls.

5.3.The Location

With SETSquared, the company would initially be situated in Bristol, but it would be feasible to change locations before hiring the first staff members. Other locations to consider setting up include Oxford and Cambridge, which both have sizable and diverse high-technology business communities, and London, the nation’s capital and commercial hub.

5.4.Space

According to estimates, the following amount of office space is required:

Each employee has a 150 square foot office, a 300 square foot meeting room, a 300 square foot reception area, a 400 square foot communal area with a staff kitchen and rest spaces, and a 200 square foot general storage area. As the company’s developer base expands, it will relocate its headquarters yearly. Renting unused space would be too expensive during the first several years, even though moving requires time and energy.

6.0.Market Analysis

Over one billion pounds are spent annually on IT consulting services in the UK. Organizations from the public and commercial sectors are among the clients of the consulting industry because every medium-sized or large organization now depends on IT for daily operations. Management consulting, general business consulting, and professional services are frequently merged with IT consulting. IT services are provided by leading consulting companies with operations in the UK, including PwC and LogicaCMG. Other IT-focused businesses provide off-the-shelf business software, consulting for its application in the workplace, and custom software creation. These companies include Oracle and SAP, as examples.

6.1.Developer Tool Market

Nearly all runtimes for popular languages are open-source. The free and open-source Sun Java, Python, Microsoft Visual Studio IV, and GNU Compiler Collection meet many general-purpose development requirements. All those except for Microsoft Studio are also open source or free software. Runtimes that are more specialized come with a price. For instance, the Intel FORTRAN compiler initially costs $699 (£353).

Given that Intel is the company that knows the platform the best, it guarantees improved performance on Intel hardware. Only companies with particular performance requirements would utilize the Intel compiler. Because the company’s technology is a general-purpose runtime, Katahdin Consulting will enter the market using the same strategy as Sun and Microsoft: they will create a developer tool that they will give away for free and use to provide other commercial services.

6.2.Target Market

The target market approach entails separating out potential clients based on revenue before using the needs analysis methodology developed by the sales team to hone in on extremely specific needs (Zhao et al., 2021). First-tier clients, companies with annual revenues over $3 million, are more accustomed to outsourcing and might feel more at ease employing Growth Management and Strategies on a retainer. In a strategic sense, a retainer aids in maintaining steady cash flow, even though occasionally, these customers will need more services than they have paid for in a given month. The topic of personnel will handle this problem.

The second-tier customers, those companies with revenues between $501,000 and $3,000,000, are frequently overjoyed to have passed the home office stage and reached a new degree of stability. Self-funded companies can be the most difficult to work with because they frequently don’t want to give up company stock and don’t yet understand what type of marketing expenditure is required to expand a company at this time. The company will provide services to these small enterprises based on a bid cycle and needs assessment.

The third tier of clients is more noticeable and straightforward to spot than the others. These tiny enterprises, which frequently operate out of homes and earn between $200K and $500K in annual revenue, are well aware of their market and their potential but struggle to carry out their plans successfully or pursue profitable expansion strategies. Once more, the plan is to give these companies a quick needs analysis and concentrate on the number of such customers to keep a steady revenue stream.

7.0.SWOT Analysis

7.1.Strengths

Katahdin Consulting can use any combination of languages and platforms to reach its clients. It wants to create a library of language modules, so when a client’s project calls for a new tongue, it invests in creating that module.

As a result of Katahdin’s modular language-defining technology, they can adapt quickly to any new linguistic changes. Sun Java, for instance, added a new for-each technique in version 1.5. System administrators must upgrade the installed Java compilers and runtimes if developers wish to use them. Without updating the Katahdin runtime, the feature might be added to Katahdin as a new module and provided to users for inclusion in their libraries. It can distribute modules concurrently with or before the original vendor when language improvements are published before software release, such as with Java. Katahdin is a fine example of recent, vigorous research in use. An individual cannot get the same power from any other product as Katahdin. Static systems, designed as developer tools for developing new languages that are subsequently released as yet another stand-alone runtime, are the only similar technologies.

7.2.Opportunities

The majority of the software development industry is moving toward controlled runtimes. Namely, runtimes execute a program in an intermediate form between an interpreter and a compiler. Contrast this with unmanaged runtimes like C compilers, where the program is converted to the lowest-level machine instructions for hardware execution. Due to misconceptions about its suitability for commercial and production software, Katahdin is a managed runtime, which would have been a hurdle before Java and. and NET’s extensive adoption.

7.3.Weakness

Despite being functional and provable, the Katahdin technology is not yet ready for enterprise or production applications. The technology will not be ready for usage in a production system for another six months, and creating a sizable library of language modules will take longer. In order to solve this issue, the company should begin by accepting clients and, until Katahdin is ready, develop solutions for them using conventional development tools. Any consulting firm could utilize the Katahdin software because it will be publicly available.

This would lessen the organization’s edge in developing custom software. Additional consultants might offer bug-fixing, porting, and support services for Katahdin. The organization is not concerned about these two flaws because they are familiar with them and can always be relied upon to advise on how to use them. Although this issue can materialize within a five-year timescale, if Katahdin becomes very popular, people will likely provide support services similar to those available for the GNU Compiler Collection.

Many consultants have industry experience, and using that experience for the company is an element of their offer. The organization will be viewed as inexperienced because they are a new company using new technologies and being led by a graduate director. Due to its unproven technology and lack of projects in the portfolio in the first year, some prospective clients may reject it. The company will contest this by employing some developers with better experience. As the IT sector is accustomed to newcomers, they do not believe that this deficiency will become an issue after it has been established as a company.

7.4.Threats

The company cannot construct definition modules for languages where the design, or the only workable implementation, holds a patent. Open standards are used for the majority of general-purpose programming languages. ANSI or ISO standards cover all commonly used languages, including C, C++, FORTRAN, and COBOL. Even contemporary languages created by a single vendor, like Java and C, are described by open-source and cost-free standards. Despite being a minor hazard, this might prohibit us from implementing some specialized, uncommon languages. More compilers target the Java and .NET runtime environments.

These are conventional static compilers rather than extendable, composable, or modifiable language modules. However, they permit you to create a library in one language that will be used by different software. For instance, the .NET platform currently supports Python, Java, and FORTRAN. The present issue is that these compilers are frequently treated like second-class citizens by the runtime, which makes them unattractive to users who prefer to utilize the platform’s core language. Users of certain language combinations pose a moderate threat to us, but this might also be viewed as a benefit since users are already accustomed to utilizing several languages. The company’s technology can support that better than the current runtimes.

With their .NET platform, Microsoft has announced a dynamic language runtime (DLR). Many programming languages will be used, and they can share the same data. Language modules, however, are still just conventional compilers with a shared runtime layer. A developer who lacks expertise cannot extend, compose, or modify a language. The system is not intended for corporate or systems development but is geared at short scripts. This is a medium threat if they want to target scripting languages on the .NET platform.

These are all relatively minor obstacles to the industry’s mainstream adoption of the company’s technology. If they come to pass, they could still construct a business using Katahdin in consulting and software development services.

8.0.Potential Clients

All companies, regardless of size, are prospective customers since they rely on IT to support their ongoing, mission-critical business activities. With the help of the company’s marketing, they intend to attract various clients from various industries, expanding and stabilizing the company’s clientele. There are some areas the company will focus on in particular. First and second years:

  • Point of sale systems for retailers.
  • Medium-sized businesses need specialized enterprise resource planning software (for stock control, payroll, and other tasks).
  • Businesses engaged in online commerce want to integrate outdated business applications into languages that support web frameworks.
  • Science and technical enterprises with legacy systems such as FORTRAN that they want to port.

The company will begin to target the following as Katahdin develops:

  • Hardware engineers that utilize domain-specific languages for hardware description. Software developers for mobile and embedded devices.
  • Katahdin’s business travelers.

9.0.Financial Projections

This section will provide information on the estimated funds that will be spent to complete the proposed project.

9.1.Equipment

A desktop computer system, which includes the base unit, a monitor, a keyboard, and a mouse, costs about £750. A server computer system with the processing power to execute programs like file storage, version control, compilation, and testing for ten clients costs about £1,000. A phone, shared fax machines, printers, and other office supplies cost about £150 per person.

9.2.Advertisement

Advertising is a marketing tactic that can help you reach out to potential customers and convince them to buy your products or services. An effective marketing plan can help a business increase its clientele. raise brand and company recognition among consumers. A full-page advertisement in a trade magazine or newspaper costs roughly £6,000.

9.3.Web Hosting and Email

Around £20 per month is spent on professional hosting and email services, including a domain name, enough disk space and connection transmission, email, and developer access.

9.4.Developer Time

A consulting developer cannot continuously work for hire on a client’s project. Some factors could prevent a developer from putting in billable hours, including an absence of work, time spent learning from senior engineers, time spent teaching junior developers, time spent creating the Katahdin technology, time spent attending conferences and trade exhibits, and other unplanned events. My financial forecasts are predicated on the idea that each developer will only put in a third of their billable hours in the first year and a half in the second and third. These are cautious, worst-case projections.

9.5.Tax

Employers contribute to national insurance. The company contributes 12.8% of all its employees’ gross pay because they all fall under Class 1 above the Earning Threshold.

20% of net profits up to £300,000 and 30% beyond £1,500,000 are subject to corporation tax. Taxes on profits falling between those ranges range from 20% to 30%. Only one band is used, which only applies if the total profit is up to £300,000 rather than 20% of the first £300,000. In reality, corporation tax is paid at the end of the fiscal year, but projections have it deducted every three months.

9.6.Margins and Contingency

A sizable float is required to account for unforeseen costs, late fees, etc. This is dealt with by allowing for a sizable positive balance in the bank. The financial balance does not drop below $10,000 in ideal forecasts.

9.7.Guidelines and Regulations on the Integration of IT into a Business Plan

Changes to the structure and strategy of integrating technology into the business and the technology itself are part of organizational growth. Technology is essential for the regulatory and enforcement environment to adapt to the continuously evolving strategies and malicious use of technology. Technology is required to simplify and improve commercial and regulatory procedures. Technology is required to improve and maximize collaboration with current and new domestic and international partners. Also, improving decision-making, compliance, and analysis necessary for top performance depends on technology and data.

References

Chege, S. M., Wang, D., & Suntu, S. L. (2020). Impact of information technology innovation on firm performance in Kenya. Information Technology for Development26(2), 316-345. https://www.tandfonline.com/doi/abs/10.1080/02681102.2019.1573717

Ngere, L., Burke, J. M., Morgan, J. L. M., Miller, J. E., & Notter, D. R. (2018). Genetic parameters for fecal egg counts and their relationship with body weights in Katahdin lambs. Journal of Animal Science96(5), 1590-1599. https://academic.oup.com/jas/article-abstract/96/5/1590/4959879

Seaton, C. (2007). A programming language where the syntax and semantics are mutable at runtime. Master’s thesis, University of Bristol. https://chrisseaton.com/katahdin/katahdin-thesis.pdf

Tavera Romero, C. A., Ortiz, J. H., Khalaf, O. I., & Ríos Prado, A. (2021). Business intelligence: business evolution after industry 4.0. Sustainability13(18), 10026. https://www.mdpi.com/2071-1050/13/18/10026

Wen, Y., Wang, Z., & O’boyle, M. F. (2014, December). Smart multi-task scheduling for OpenCL programs on CPU/GPU heterogeneous platforms. In 2014 21st International conference on high-performance computing (HiPC) (pp. 1–10). IEEE. https://ieeexplore.ieee.org/abstract/document/7116910/

Zhao, J., Xue, F., Khan, S., & Khatib, S. F. (2021). Consumer behaviour analysis for business development. Aggression and Violent Behavior, 101591. https://www.sciencedirect.com/science/article/abs/pii/S1359178921000458

 

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