The General Data Protection Regulation (or GDPR) is a set of rules that, simply put, changed the way that personal information of individuals within the European Union (EU) is collected and processed.
They set up the principles for data management, by dictating the rights of the individuals. Needless to say, not applying these rules will result in enormous fines. The GDPR is obligatory to all companies that in any way deal with European Union citizens.
The law came into force on May 25, 2018, but, what exactly does it mean?
Let’s have a deeper look.
A Small Background of GDPR
Back in 2012, the European Commission set up the grounds for establishing the new reforms for data protection in the EU. The plans that were made had the sole purpose of “making Europe fit for the Digital Age”. Before this, the Data Protection Directive law of 1995, set only the minimum standards when it comes to processing data in the EU. This put users and their sensitive information at risk.
Approximately four years later, in 2016, an agreement was reached among members of the European Union that also discussed how this law will be enforced around the globe. One of these reforms was the GDPR, which applies to companies, organizations, and individuals across the world.
According to a statement from the vice-president of the Digital Single Market, Andrus Ansip, Europe’s digital future can only be built on trust. He went on by saying that people should be in control of their personal information.
Nevertheless, this new law acquired many changes, which if not followed would result in large fines. For individuals, this means that they would be more in control over their sensitive data, and for businesses, it simplified the regulatory environment.
With this being said, GDPR is beneficial for both businesses and individuals using their services. However, it’s not as simple as this, and the legislation goes way beyond this.
What is GDPR Compliance & To Whom Does It Apply?
Giving personal information is always a risky move, as data breaches can sometimes happen.
Your information can get stolen and reach the hands of people with bad intentions. But, before going further, it’s crucial to explain that under “Personal Information” the European Commission considers “any information that relates to an identified or identifiable living individual”.
Moreover, this also consists of different pieces of information, which collected together can lead to the identification of a particular person (name, surname, address, email address, identification number, location data etc.).
Who Needs To Comply With GDPR?
GDPR compliance means that these organizations which accumulate your personal information must legally collect it, following some stricter rules than before.
The new legislation is rather complex, thus there is no “one size fits all” approach. Mostly, it depends on the business/organization.
Those who manage this information will be obliged to protect it and respect the rights of the data owners. If they disobey, they will face strong penalties.
But who are they?
GDPR applies to all organizations operating within the EU, and every other organization outside the European Union that works with customers living within these territories. So, if you have a business in the US, but it offers services on a global level, including in the EU, then you should also be obliged to these rules. All these companies had a deadline and they had to prepare their GDPR strategy before this came into effect.
Two types of Data Handlers
The legislation applies to two types of “data-handlers” –controllers and processors. According to the EU definition, a “controller” is the natural or legal person, that alone or jointly with others determines the purposes and means of processing the personal data.
While a “processor” is a natural or legal person which processes personal data on the controller’s behalf. For example, if you are buying a product from an online website, the company that’s selling you the product is the controller. If the company uses an Email Automation system to email customers on their behalf, then this Email automation system is the processor.
Who Collects & Uses Data
When you think about it, almost every aspect of our living somehow revolves around certain data. For example, your government, your bank, the online companies you buy services and products from, or even social media companies, they all collect personal data. And not just collect, but this data is also processed and used by them.
Besides, think about how many times you have entered your credit card number or personal address somewhere. If it weren’t for this law, this information could easily put you in trouble.
How Will GDPR Affect You?
This can be seen from two perspectives. If you are a consumer, or a business owner that must comply with these new rules.
As a consumer
GDPR will provide you with the right to know if and when your data has been hacked. You will be notified immediately in order to take the needed measures to prevent additional harm. Besides, you will be informed of how your information is being used, and in some cases asked for consent. Bottom line, you, as a customer, will have more rights than before.
This means applying a set of new rules, or improving their existing ones, when doing business with EU citizens. According to the European Commission, this new law will save €2.3 billion per year across Europe, because it unifies Europe’s rules on data protection and creates new business opportunities.
Data Protection Officer
On another note, organizations will also have to appoint a Data Protection Officer (DPO), who will monitor the data usage. And while it’s not really mandatory, all companies that carry out such large-scale processing of information will have to have someone with the skills (or more staff members) needed in order for the company to be GDPR compliant.
This DPO can be one person appointed across various organizations and there is no criteria or qualifications for choosing one.
However, according to the Information Commissioner’s Office, this person should be a professional and have the right amount of experience in data protection law. Not having a GPO could also result in certain fines for the organizations.
What Does This Mean For VPNs?
Virtual Private Network (VPN) service providers, as companies that collect personal information from their customers, fall under this category.
VPNs collect information from the users that varies from provider to provider. Some keep less, others much more.
Nevertheless, your provider could be keeping valuable information from you, and you have every right over this information. This is why it’s so crucial for VPN providers to apply the GDPR legislation.
However, a large number of them do not comply with the GDPR rules.
In fact, a research (on VPNs) showed that out of 83 checked providers, 46 weren’t compatible with GDPR.
The research included even some of the best VPNs in the industry. It was carried out by analyzing a few aspects of the VPN’s privacy policies. More precisely: the right to be informed (as previously mentioned), the right to access your information, the right to restrict processing, to object, etc.
Some companies already blocked EU citizens from their client’s list as it was a much easier for them, than to comply with the GDPR standards. This was also the case with some of the VPN providers. It only showed just how little some providers care about their users’ personal information and rights.
VPNs to upgrade their data policies
However, this is not something optional, therefore sooner or later, eventually all VPN companies that offer services to EU citizens (and this is pretty much all of the providers) have to upgrade their data policies. They can no longer collect and use their users’ personal data as they wish, and if they do the penalties will be enormous.
What Will Be the Penalties?
If an organization fails to comply with the new GDPR rules, they can get a fine ranging from 10 million euros up to 4 percent of the company’s total annual turnover. This figure could go up to billions of euros, depending on the severity of the branch.
Mishandling personal data can result in “lower” fines, or from 10 million euros to two percent of the whole annual turnover of the company. This includes failure to report a data breach, failure to ensure the users’ data protection, etc.
For the maximum penalty of 20 million dollars, or as mentioned before, 4 percent of the of the company’s total annual turnover (whichever is bigger), companies will be charged in case they transfer this personal data without the user’s authorization, or if they ignore the users’ requests for accessing their data.
Overall, with such penalties, complying with the GDPR is good both for companies and consumers.
A Quick Sum Up
But, the thing is that while often disregarded by users, these emails are crucial for us and the way our personal information is treated by companies. Many people are unaware of the danger they are in, or were, prior to this new law.
So, if you are a citizen of the EU, we encourage you to pay attention to your emails.
6 Business Tips for Tech Startups: How Do Gadget Skills Save You Money
Did you know that 30 percent of startups will fail within two years of opening their doors? Fifty percent will fail within their first five years of business, and 66 percent will fail within their first ten years.
Do you want to keep your business from falling into one of these groups? Do you want to be part of the elite few that survive for ten years and beyond?
It’s not easy to build a successful business, but it’s definitely not impossible. This is especially true if you’re frugal and take steps to save money wherever possible.
Listed below are six great business tips that will help you save money while getting your startup off the ground.
1. Understand Hidden Costs
Most entrepreneurs are not so naive as to assume that running a business is an affordable process. However, many entrepreneurs don’t realize just how much money is required to start a business and keep it going.
There are a lot of hidden costs associated with starting and running a business. You need to be prepared to pay these costs if you want to keep your business afloat.
Some hidden costs you need to plan for include:
- Employee benefits
- Administrative costs
- Legal fees
- Other professional fees (bookkeeping, accounting, etc.)
If you make sure you have enough money set aside in your budget for these expenses, you’ll be much better off than lots of other entrepreneurs in your industry.
2. Learn SEO on Your Own
A good SEO (search engine optimization strategy) is essential for businesses that want to be easily found in 2019.
With the right SEO strategy, you can boost your business’s search engine rankings. This, in turn, will help to significantly increase the likelihood that people will be able to find your business online.
Many business owners spend a small fortune on SEO. You don’t need to do this to have a successful strategy, though.
You can do a lot on your own to help your business show up in search engine listings and get in front of the right customers. Of course, the trade off is that you’ll have to spend time researching the best SEO practices.
By doing this, though, you’ll have the knowledge you need to grow your business and you won’t have to rely on someone else to keep your company relevant online.
3. Build Your Own Website
It’s not necessary to spend thousands of dollars on a professional web developer, either.
Would a professionally designed website be nice? Certainly.
Do you need it to start growing your business, though? Definitely not.
There are lots of low-cost tools available online that will help you design a functional, aesthetically pleasing website in no time at all.
Make use of one of these programs as you get your business up and running. Many of them also give you access to SEO tools that will help you further grow your business.
Later on, when your revenue is higher, you can always invest in a website redesign. For now, though, a DIY approach will work just fine.
4. Use Free Tools from Google
You can save a lot of money as you’re getting your business off the ground by making use of the free tools Google has made available to anyone who has a website — including you!
All you need is a Google account to make use of these resources.
Two tools that every business owner ought to use are Google Analytics and Google Webmaster Tools.
Google Analytics does a great job of providing you with essential data on your business. It tells you who’s visiting your site, how they found it, how long they’re staying there, and more.
For first-time users, Google Analytics can be a bit intimidating. There are tons of online tutorials (also free) that help to simplify the process and provide you with guidance, though.
Google Webmaster Tools tells you more about how healthy your website is. It also makes it easy for you to create pages for Google to index. This, in turn, boosts your SEO and helps other people find your business online.
5. Build Your Social Media Presence
If you’re considering spending thousands of dollars to promote your social media pages or hire someone to boost them for you, back away slowly and reconsider your approach.
You can build a strong, engaged social media following without spending a ton of money on ads or other strategies.
Don’t waste your money trying to build a social media following. Instead, try these techniques to draw people to your pages who are truly interested in what your business has to offer:
- Make sure your posts are consistent across different platforms (this is essential for branding)
- Post consistently
- Engage with people who comment on your posts
- Like and comment on other people’s posts
- Provide your audience with valuable content to establish your business as an authority within the field
When you follow these tips, you’ll not increase the number of people following you, but you’ll ensure that those people are actually interested in what you have to offer.
6. Save Money on Signage
Finally, don’t waste a ton of money on signage for your business.
There are lots of online programs that will help you design high-quality, eye-catching signage at a fraction of what a designer would charge you.
You might want to find out more about DIY digital signage, too. With the right tools, you can create great digital signs that will attract even more people to your store.
Get More Startup Business Tips
As you can see, there are a lot of different approaches you can take to save money and make sure your startup continues to grow and thrive.
Put these business tips into practice and you’ll have a much easier time keeping your business afloat.
Do you want to learn more about building and running a business? If so, we’ve got tons of resources available to you.
Check out the Management section of our site today for helpful articles that will teach you everything you need to know about dealing with employees, budgeting, customer service, and more.
How To Create A Dropshipping Business Worth Millions
Are you looking at starting a new business venture? If so, then you might want to consider a dropshipping company. One of the benefits of the dropshipping trend is that anyone can do it and when we say anyone, we really do mean it. In fact, one student managed to establish a dropshipping business worth just $1.2 million in just a few months. Do you want to get started with this venture yourself? Well, first you need to know what dropshipping is!
What Is Dropshipping?
Dropshipping is a supply chain management method where the retailer or person selling the items does not actually have them in stock. Instead, when the customer places an order, the retailer will send the request directly to the manufacturer or the wholesaler who will then take care of the shipping. The goods will be directly shipped to the customer by the manufacturer which makes the entire process easier for the retailer, and more secure for the recipient.
This is a common practice among online stores, especially those that are just starting up. The entire management system makes it easier for online stores to get the products to the customer, as they do not then need to order the items in. It also means that the items are less likely to be out of stock if the purchase is going straight to the manufacturer.
How To Get A Successful Dropshipping Business
You might not find success immediately dropshipping. Remember that student we mentioned who now owns a $1.3 million business? Well, he actually started by making a loss of $15,000. As such, it can be trial and error as his second attempt was actually far more successful and took off. Does this mean that it all comes down to luck?
Well no, not quite, because you do need to first think about the product that you want to sell. You need to make sure that there is going to be a high demand or that you can create high demand. Since you will still be running an online store, you also need to think in terms of systems and hosting of your website and online store. There are clear pros and cons for both on-premise versus cloud hosted software and you’ll want to make the right decision for your business. What are your storage, speed, security, requirements and then there’s also the marketing and promotion. These days, it’s important to focus on digital marketing like SEO.
Finally, you need to make sure that you locate a manufacturer who is willing to work with you, dropshipping the products you sell. This can be quite complicated and will typically involve negotiations. Don’t settle on the first manufacturer you find and instead look for the one that perfectly matches your business model and is able to provide to your requirements.
You will also need to select a selling platform. A selling platform needs to be user-friendly and easy to manage. There are countless options available on the market, so make sure you research a few before settling on the right one for your business model.
We hope that you have found this article useful, and now know how you can create a successful dropshipping business that could be worth millions! Take the chance and start your company today for this opportunity.
How To Create A More Efficient Business With Video Conferencing
Video conferencing isn’t just an effective tool for presentations and staying in contact with remote workers and clients. When utilized correctly, video conferences can increase the efficiency (and therefore the profits) of your business. Here’s how.
How Does Video Conferencing Work?
Video conferencing is simple in practice. You simply choose a conference platform and connect via the web to the other users scheduled for the conference. The conference is presented in high definition video and audio, and often the interface includes extra tools like screen sharing software and document sharing.
1. Reducing Travel Costs and Time
The travel industry brings in billions of dollars annually, a large percentage of that number being from business travel. Costly flights, taxi rides, car maintenance, and gasoline; all of these are costs associated with business travel for meetings, seminars, and training events.
With video conferencing, you can eliminate the need for travel. Not only does this eliminate travel costs, but the employees will be appreciative that they don’t have to leave their families. It’s important to remember that employees are people with families and lives of their own.
Video conferencing can be just as or even more effective than an in-person conference. You’ll be able to see the attendees in high definition, so it’s very similar to having them there. You can utilize screen sharing software in the conference to improve the message and increase retention.
2. Host Training Via Conference Calls
If you’ve got a new product, procedure, or some other addition that you need to provide training for, try using a video conference to present the training materials. Video training is actually quite effective and improves the efficiency of the training process.
You can even record the video presentation with certain video conference services to store for later use, so you don’t have to take the time to present the material every time you hire someone new.
3. Online Seminars
Hosting an online seminar is a simple way to gather dozens of employees and partners together without actually requiring the long trips and hotel costs of a traditional seminar. Using a video conference service to host a seminar also eliminates the cost of renting out a venue.
Essentially, a video seminar is the most cost-effective way to host an event. You can create the content from the comfort of your desk or even at home, and the seminar participants can attend from the same comfort. More comfort means more retention, so you’re likely to have more effective seminars as well.
4. Video Interviews
When you’re hiring new employees or working with new clients, you can utilize video conferencing to complete interviews, sales calls, and more. Video conferencing is the next best thing to actually meeting in person and subtracts the travel time and cost from the equation.
Video interviews allow you to watch the applicant’s body language and match a face to the name, which is something you simply can’t do over the phone. While a phone call can provide a lot of valuable information on a new hire, a video conference will let you see the whole person, rather than just hearing their voice.
This also applies to new clients, especially long distance clients that you can’t actually meet in person. You can augment your conference call with screen sharing and document sharing, so any information that you need to give to the client can be shared right in the interface.
5. Better Meetings
Does anyone really want to sit in a stuffy conference room with a dozen other people and listen to a presentation on sales numbers? There’s usually at least one person dozing in the corner, another on their phone, and more than a few that simply don’t show up.
Even those that do show up are usually bored to the point of disengagement after the first hour of the meeting. That’s where video conferencing comes into play. Instead of sitting in a room with other people, meetings can be hosted and joined from anywhere in the world.
This flexibility will allow your employees to participate in a meeting from a place of comfort, which will improve their engagement in the material and their retention of the information you’re presenting.
It goes without saying that improving the effectiveness of your meetings can greatly improve your business’ efficiency. Participants will feel confident about the important information you’ve presented, and there will be no need to revisit the material because no one was able to retain it.
Improve your business meetings by making the change to video conferences. Include screen sharing for visual materials to augment the effectiveness of the video conference.
6. Save Time, Save Money
When you save time, you’re automatically saving money. The old saying time is money is absolutely true in business. When you’re spending endless hours participating in inefficient meetings, you’re basically throwing money down the drain.
Save time by incorporating video conferencing into your meetings. Once you see just how efficient this tool is, you might just make the change to permanently use video conferencing for all of your future meetings.
Increasing efficiency is the number way to increase the profitability of your business. Expenses add up quickly, and by using a simple tool like video conferencing, you can eliminate some simple yet costly practices. Have better meetings and presentations, eliminate travel time and cost, and improve employee retention with video conferencing.
5 Things you should Take Into Consideration when Building an App
The idea of having an app built can be exciting. Everyone would like to be the one to launch the next Candy Crush or Angry Birds and become an instant millionaire. But what people often don’t look at is the millions of apps that end up failing in the marketplace.
In some cases, it might be because of poor marketing or lack of experience, but in many cases, it often boils down to a lack of planning. Here are a few things you have to consider before you start the app building process.
Research and Concept
The first thing you need to do is make sure that there’s an actual need for your app in the market. Ask yourself if your app is actually solving an issue people are having. You also have to consider all the other similar apps that may already exist and see if one hasn’t already cornered the market.
Identify your Target Audience
Too many people place too much importance on specific app functions or tasks, but it’s important that you research your audience first. And this has to be done during, before, and after the app was developed. You absolutely have to know exactly who is going to be using your app and how, so you can know their priorities. Understanding your audience in and out will allow you to plan the design and functionality to provide the best user experience for them.
Decide on the Platform
Your app should ideally be built for all three major platforms: HTML5 for Windows devices, IOS, and Android. But having three different apps developed is a waste of time and money. That’s why it’s important that you work with a company that can deliver all three in one single project. This allows developers to reuse development concept and design, and reduce time wasted and overhead.
Finding the Right Team
At the end of the day, even if you have the best app idea in mind, it could be ruined by an incompetent team. This is why you should take your time when picking a team and don’t go for budget developers. You have to go with a solid and recognised team with years of experience behind their belt building your type of app.
The company Appetiser are a great example of a team who could take your app to the next level. They are leading Australia app developers who Clutch just recognised as one of the top developer teams in Australia. These types of accolades are what you should be looking for when picking a team.
Marketing is the final aspect of launching an app and one that could also make it or break it. You have to start thinking of a marketing plan before you launch your app. Ads, press, and blogs are all avenues you could take. Influencer marketing or even applying for app awards could be a good idea if you think your app is that good. Make sure that you explore all options and start building a plan as soon as you can.
Building and launching an app is hard work, and unless you plan properly and have the right team in your corner, your efforts are doomed to fail. Make sure that you follow the few tips in this article and focus on thorough research first if you want to make sure your app becomes a success.
How Startups Can Keep Data Secure in the Hybrid Cloud
Now that the cloud is commonplace within the business community, many businesses – from startups to established corporate giants – have determined that a hybrid cloud environment is the best option. Combining the flexibility and security of the private cloud with the affordability of public cloud services, a hybrid cloud environment gives businesses the best of both worlds while increasing their productivity and efficiency. At the very least, managing at least some of their data in the public cloud ensures that in the event of an outage, the business can continue to function.
Of course, security is a concern in any cloud environment – 77 percent of IT professionals say it’s a top concern –, and the use of the public cloud creates additional concerns related to the transmission of sensitive company data across public networks. By understanding the risks from the start and designing your system with security in min, you can avoid many of the issues that can arise from using the public cloud and protect your company against significant losses related to a data breach, malware infection, ransomware, or other danger.
Put the Right Data in the Right Place
The first step to an effective hybrid cloud security plan is to make appropriate determinations as to what data lives where. Many businesses opt to store business critical data, such as customer information, intellectual property, etc., on the private cloud while delegating email, CRM software, and certain applications to the public cloud. Not only does this help with security management, but also ensures that your startup is able to maximize resources. Hybrid cloud environments are significantly easier to scale than private cloud only; infrastructure is expensive to expand, upgrade, and maintain, but using the public cloud allows for more scalability while ensuring that on-premises or private cloud servers have the space for mission critical data.
Get on the Same Page
One mistake startups often make when migrating to any cloud environment is assuming that the cloud provider has security under control, and they have a limited role to play in protecting their data. This is inaccurate and can contribute to security breaches.
Regardless of your cloud setup, it’s vital to understand exactly what your cloud provider does to ensure security, how they respond to and report incidents, and how they mitigate risks. Security begins with selecting the most appropriate cloud provider for your needs, but you have a role to play as well. Your cloud provider will only provide the underlying infrastructure, while you need to develop the specific policies and procedures to protect your data and applications. This means implementing secure access procedures and policies regarding updates and patches, ensuring the encryption of data, and managing the overall configuration of the system to ensure security. It’s also important to understand the provider’s terms of service. For instance, some cloud providers have access to client organizational data, which may not be something you want.
Encrypting data is a key aspect of any security protocol, but it’s especially important in a hybrid cloud environment. Data is constantly being moved between public and private clouds, and as public clouds are always at risk of breach, encryption is an absolute necessity. In addition to encryption, using a secure VPN and strong authentication processes are also important to keeping data safe in a hybrid environment.
Many entrepreneurs overlook one of the most common sources of attacks on their data: endpoints. An endpoint is any device that connects to your network, from computers and mobile devices to printers, copiers, and even the office coffee maker if it is Wi-fi enabled. Therefore, endpoint protection is essential to a secure hybrid cloud environment. You must employ an effective authentication protocol to ensure that every endpoint accessing your network is what it claims to be, and that unauthorized access is forbidden.
Another important part of your hybrid cloud security protocol is understanding the risks to your business and how you can effectively mitigate them. This entails paying close attention to the risks to your industry and similar businesses, and how other companies have addressed them. It also means understanding your greatest vulnerabilities and addressing them in terms of priority. Being constantly on alert for threats and deploying the best tools and policies to mitigate them as soon as possible can significantly reduce the risk of your business becoming another statistic in the ongoing war against cybercrime.
The Benefits of Using a VPN For Your Business
One of the benefits of business in the 21st century is that we can stay connected, no matter where we are in the world.
From the home office to a coffee shop on the outskirts of Bangkok, it’s possible to log-in to your office emails, hold conference calls and generally ensure all is running smoothly with your business.
Unfortunately, there are also many downfalls to connecting to unknown networks too. However, VPNs are fast becoming the go-to bit of kit to log on and work, and there are plenty of reasons as to why.
Many of the best VPN service options have a wide range of features perfect for operating businesses globally, with the following among the top reasons why you should download one to your laptop ahead of connecting.
Improve Your Cyber Security
First and foremost a VPN will increase security on your device significantly, and prevent the likes of fraud and hacking.
Connecting to open networks can leave your device vulnerable, as they are easier to see who’s connected and ultimately anybody can connect to them. A hackers paradise.
What a VPN does is allow you to use open networks to connect to your own private network, camouflaging you from the connection as well as adding an extra layer of encryption that’s almost impossible to break through.
Naturally, the confidence in your connection using a VPN will see people be more willing to connect to open networks and spend longer on them when working away from the office.
This in turn increases productivity as there is no need to be nervous. It offers a peace of mind, and that is almost guaranteed for people to be fully focussed on the task in hand.
One of the main issues when travelling abroad is geoblocking.
Many countries around the world have strict levels of censorship online, with business centres such as China, Dubai and Abu Dhabi particularly well known for it.
Thousands of people both in business and for leisure use VPNs to bypass this and access websites and services available back home that are banned in their current country.
This is done by a VPN allowing you to connect to a server from a different country, changing your IP address and duping your browser into thinking you’re operating in a different country.
For example, you may work in marketing and be required to update some Facebook ads while working in Beijing, or you may need to access your Gmail emails. China has banned both Google and Facebook, and without a VPN it’s impossible to access them, which of course can be extremely detrimental to business.
You can connect to servers all around the world in order to work, which can also be useful for viewing a particular country’s version of a website.
Connect Directly To The Office Server
One of the main issues with working out of the office is the inability to connect to the server. A VPN can solve this though in just a few simple, and secure, steps.
This will allow you to access all the files you need remotely and continue to be just as productive as you would be at the office desk.
It essentially offers a virtual, point-to-point tunnel, creating a private network that can only be accessed by people with the correct credentials. It can be hugely beneficial, particularly for business meetings where you need to display work to clients.
They’re Cheap Too
What’s more, this isn’t groundbreaking new technology that costs thousands of dollars. VPNs are incredibly reasonably priced and can be used on multiple devices in many cases.
They can be as cheap as just a few dollars per month, yet in reality could help you earn thousands upon thousands by opening up the office on a global scale.
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