Cryptocurrency Bitcoin Billionaires and Millionaires

The Decentralization of Ideas and Wealth: The Case of Bitcoin.

By Tom Okure, Ph.D
ICMS,Inc Reports
Date: April 16, 2021

Bitcoin is a digital and virtual cryptocurrency/money and is becoming a global idea. Those who took the risk early by adopting the idea of bitcoin are making and accumulating tremendous wealth worldwide. Many of the individuals who bought into the idea of cryptocurrency and invested large sums of their money into it, when most other people were skeptical of the idea of the virtual currency have become millionaires and even billionaires. 

Bitcoin was invented in 2008 as a virtual cryptocurrency. The actual inventor remains an unknown person or group of people that used the name Satoshi Nakamoto. One thing which appears certain is that the idea of Cryptocurrency did not originate from the west.  

The virtual currency became operational in 2009 when it was first implemented and released as an open-source software. Since it is a decentralized digital currency, Bitcoin is not controlled by any country’s central bank or single administrator. It is transacted or sent from user to user on a peer-to-peer bitcoin network without the need for any intermediaries. Users of Bitcoin verify their transactions by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Since Bitcoin is open-source, it is open to the public. Nobody or government currently owns or controls Bitcoin and anyone in any part of the world can take part. Its unique properties allow existing and new users previously excluded from mainstream  payment and transaction systems to conduct financial transactions.

Enjoy the two videos. 

Meet "The Secret Bitcoin Billionaire."

Meet The Bitcoin Millionair Who Lives in a Van

The Millionaire Who Lives in a Van

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All rights reserved by Tom Okure, Ph.D CEO of Inter-Continental Mgt. Systems, Inc (or ICMS Inc). ICMS, Inc, is a multifaceted business and management consulting firm with its head office in Albany, New York.

A guide to help you determine if your business idea is feasible.

By Tom Okure, Ph.D
ICMS,Inc Reports
Date: April 08,2021

Dr. Okure consulting with a business client

Deciding if your business idea has a profit potential can be a difficult endeavor especially if you have never been self-employed before and don’t know how to research your idea.  There are several proven steps which you can use to guide your research of the viability of your business idea.  

Below is a guide to help you determine if your business idea is feasible:

1. Create a profile of your potential paying customer.
2. Describe the features and benefits associated with product or service offering.
3. Determine your target geographic market you plan to sell to in your first operating year.
4. Determine who your competitors are in your target market?
5. What are your competitors charging in your target market?
6. How low can you price your product or service in order to remain competitive?
7. List distinguishing product and service features which will attract customers to you.
8. Determine the current market or industry trends in your target area.
9. Determine the potential for growth in the market.
10. Determine how you plan to make potential customers know you exist.
11. What is your sales and revenue projections in your first year?
12. What government permits and approvals are needed to start your business?
13. Describe the process of manufacturing or producing your product.
14. Briefly describe your fulfilment process.
15. Determine your first year production/manufacturing capacity.
16. Who are your potential suppliers?
17. What resources do you need to have in place before your start your business?
18. Determine what your fixed and variable monthly operating cost will be to run your business.
19. What personal strengths and weaknesses are likely to impact your business operations?
20. Describe your contingency plans to enable you buffer market /operational shocks.

Planning ahead is not an easy process especially because you cannot readily get a feedback as to its value. Nevertheless, when you start planning for the success of your business, the objective and advantages of planning become clearer.

Planning enables you to deal with unforeseen circumstances that may suddenly plunge your business into a sudden difficult situation through no fault of your own. Planning for all types of eventualities that may confront your business allows you to deal with them in a rational manner and still reach your objective in spite of temporary setbacks. On the other hand, failure to plan can spell disaster or bankruptcy for your business.

If you are starting a business or have an existing business and think you or your firm can benefit from a thorough assessment of your business idea of existing plan, don't hesitate to contact us at icmsinc@aol.com or okuret@gmail.com with your questions and a price quote for technical assistance.

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All rights reserved by Tom Okure, Ph.D CEO of Inter-Continental Mgt. Systems, Inc (or ICMS Inc). ICMS, Inc, is a multifaceted business and management consulting firm with its head office in Albany, New York.

CALLY AIR: The New Cross River State Airlines

Governor Ben Ayade of Cross River State lunches CALLY AIR and fulfills his dream.

ICMS, Inc. Reports 
By Tom Okure, Ph.D.

With the recent lunch of CALLY AIR’s maiden flight, the Cross River State of Nigeria joins the list of Nigerian states establishing and owning their own airlines. This fulfills Governor Ben Ayade of Cross River State's dream for his state to own its own airlines, in common with its neighbors like Akwa Ibom State which owns its own airlines called “IBOM AIR.”

The new Cross River State airline: CALLY AIR: 

It is hoped that CALLY AIR will increase the number of airlines serving the Cross Rive State, increase competition among the airlines and consequently benefit airline passengers by reducing the price of airfares from Lagos to Calabar etc.

The new airline will be based in Calabar Airport, commonly referred to as Margaret Ekpo International Airport. CALLY AIR has been a project in the works for many years now and is allegedly a joint venture between The Cross River State Government and DANA Group, under a public-private agreement.

The new airline will serve as an airlifts line, and a part of the Cross River State’s Government tourism investment drive. It is also anticipated the airline will help build up the state’s internal revenue generation base and reduce its reliance on federal government allocations.

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All rights reserved by Tom Okure, Ph.D CEO of Inter-Continental Mgt. Systems, Inc (or ICMS Inc). ICMS, Inc, is a multifaceted business and management consulting firm with its head office in Albany, New York.