www.bizinfoportal.co.uk/2021/04/23/business-development-strategy-creating-long-term-value/
Personal business refers to any kind of activity or activity that a person considers to be private. These may include side jobs or small businesses that individuals are interested in for additional income. This is usually a good thing, as it promotes work-life balance and allows people to pursue interests that are not professional pursuits. This may also be due to family or personal responsibilities, such as childcare and elderly care.
The legal definition of privacy varies from one privacy law to another but the principle is the same: All information that can identify a person or household must be considered personal. This can include basic information such as names, or more complex information such as geolocation tags and biometric data. Businesses must be aware of personal information to ensure they comply with all applicable laws.
Data must be linked to a specific person in order to be classified as personal. Businesses should be clear about their motives for collecting data and get consent prior to doing so. They must also limit the amount and type of data that they collect and only keep it for as long as is necessary.
In the United States a personal business is a business run and controlled by a person, not when it’s incorporated or a partnership. This means that the personal assets of owners can be used to pay off the debts or liabilities. This is not always good for small businesses with limited resources.
