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If tally managed to get just 2% of the SME market of over 5.5 million businesses, that's 110000 accounts.. average of say £10,000 each account is £1.1 billion.
That would be nice.
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That would be very very nice.
Businesses which run transaction facilities are tied up in contracts.
Think How easy is it to change Sky to Virgin for an individual.
Then ask how easy would business find to change its contracts.
2% of 5.5 million businesses.
Still require you to target all 5.5 million businesses.
Marketing to 5.5 million businesses would require a budget of millions and personnel - you have to sit and talk to businesses.
Can Tally afford that ?
Is it even possible nevermind probable at this stage ?
I just think Tally should go for the Lowest hanging fruit.
half a mil - marketing budget target central London.
Individuals download and use it straight away.
Many on here have suggested so fantastic marketing ideas, economical and aimed at individuals
If it was for me, I want everyone to buy Tally
but that's my desire - real world is different
gold has always been there - tally is new
gold price is bullish now so you can make some bob while it stays up
i said 1280 is a definite gold Long signal (its still on this forum)
so I went long
many others did
the entire world did
no one bought Tally
why do you think that's the case ?
precisely what are these businesses waiting for ?
business people are more financially astute than individuals
so why arent we seeing uptake ?
how does anyone justify 500 downloads with 11 feedback ?
PS why accountant wont recommend because money doesnt double in Gold, its a hedge a security. There hasnt been a security issue in 1st world economies. A financial crisis could inflate gold price - but only for few months most 9 months.
Happens in every cycle - nothing new
If tally managed to get just 2% of the SME market of over 5.5 million businesses, that's 110000 accounts.. average of say £10,000 each account is £1.1 billion.
That would be nice.
Didn't really understand the second half of that post but you're mistaken on some of the first bit. Most small business wont have millions in the bank, maybe in the 10's of thousands, so as I said, I'm not talking about those. When I spoke to my accountant about buying gold to hold as an asset years ago, he hadn't come across it before, after we spoke about it he thought it was a good idea as many of his clients had spare cash they didn't want to remove from the business in dividends and didn't need for cashflow but wanted to put it somewhere safe and liquid for the future or an emergency, some had property and didn't want to buy another, it turns out a few of them did put money into gold.
Accountants are not qualified to, and dont usually give specific investment advice and a financial adviser will never advise you to buy gold as they dont make a commission on it and can't charge you regular fees, they will only advise investments which make them the biggest returns, not you.
Business can have hundreds of millions in cash in their account - is almost always not same as an individual savings account or individual account.
Cash Flow is maintained for future purchases etc.
Any business with extra money of that tune will get taken out as dividend to director.
If a business has to make more money from investment, their accountant will never allow to put millions in gold whether its Tally or not.
They will lose more by buying gold.
As for inflation etc, all business dealings are on future contracts, where small business have credit line for their purchases.
There are no tax benefits for millionaires or businesses to buy Gold.
People are only panicking on this board.
Everyone will millions throw money in S&P DJIA Property Overseas Property Private Pension.
So Bill Gates has been waiting for Tally to get super rich
LOL
if Tally failed
then Microsoft - over Trillion Dollar Company will go bust ?
That was probably a stupid thing to say... as tally are B2B2C so they'll obviously have business accounts... I'll have to see when they are available.
I wasn't thinking about the multi £ million/billion size businesses, I was thinking about the SME's, there's over 5.5 million of those in the UK. I was going to move my business account to Monzo from HSBC but if tally come out with news about business accounts in the next few months, I'll move to them.
If you are a large cash business which needs the security of knowing you will get 100% of your cash back if the vault was raided (e.g), or 99% of your cash back if the platform company went bust. When you have 10's of Millions of pounds in a single bank account that would only receive 85k from the FSCS in the event of a retail bank default, I'd say that's a pretty big perk for Tally ;)
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Its your assumptions
Large businesses with 10s of millions of cash
Do not suffer same issues as you are guessing
How do you think the world has survived so far without Tally ?
If you want to spin a fancy cottage for yourself - that's fine, am all for poetry and imagination. But no one with million or millions of worth of cash as a business will ever go near Tally.
You can take your view to London Stock Exchange or a Bank in Canary Wharf
They will offer you a nice cup of tea with biscuits and pray for you.
for ref only.....
https://www.tallymoney.com/component/content/article/8-rns-announcements/335-tally-banking-platform-challenger-currency-live?Itemid=101
reviews
https://uk.trustpilot.com/review/tallymoney.com
overview
https://www.tallymoney.com/investors/overview
I agree, with my added point, Glint is cr@p though ;)
There's always room for more than one burger joint.
...Car companies and food producers of the world, all rehashing the same thing. Clothing brands. Shoes. Hats. Insurance. In and among all these sectors is unique and new products, running alongside old, established ones. The financial market is vast and ever-ready for new concepts. For example, you can stick to Glint, or you can change to some other company. Or to Tally. Or you can have an account with both or all of them. And get along just fine. Variety shouldn't be feared but celebrated. We're lucky we can take advantage of many choices on the same or similar theme.
There's room for Tally, Glint, Goldmoney, etc, and many more. Competition is healthy and inspiring. Just as there's room for hundreds of tiddler oilers on AIM you can chose to buy into. I'm glad to see the fake concern troll has long since stopped with the claims of 'But there's no place for Tally because we already have Glint!'.
Yeah exactly, I encourge everyone to ask questions and scrutinise the system. There are limitations to any product or service, I've said it before, Tally is just offering a choice, it doesn't need to rule the world, just needs to be known as an alternative for its various considerable advantages in certain situations (as mentioned below). Scalability of this product and none reliance on government subsidy or involvement has always been my excitment here. Some may feel uncomfortable initially but confidence grows with users and the more users the more measures can be taken to dampen people's fears. We don't need to be blockchain (Bitcoin) because we have two things to audit, the gold and ledgers, if one doesn't match the other then we know it must be corrected before further transactions can take place, and it's just the allocation of the gold that needs to change. Immutable Gold, operating within the somewhat flawed global banking network for the time being, but also tradeable directly between Tally owners on a large scale ultimately. Very exciting.
Worse still, if you have than £85k and you spread it between banks (say 2 x £85) thinking aha, I can get round the rule but putting my eggs in diff. baskets, some of the banks and building socs are owned by the same entity, so they can get around paying out both your accounts and only pay one lot of £85k. It's insane but there you go.
I am glad Tally are clarifying the ownership issue. People like transparency in those areas a great deal. Knowing the 'what ifs' are almost as big as understanding the confirmed benefits/perks.
If you are a large cash business which needs the security of knowing you will get 100% of your cash back if the vault was raided (e.g), or 99% of your cash back if the platform company went bust. When you have 10's of Millions of pounds in a single bank account that would only receive 85k from the FSCS in the event of a retail bank default, I'd say that's a pretty big perk for Tally ;)