Monthly Archives: May 2019

Hot Business News Today

GDPR one year on: what fines have been issued so far?

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Originally written by Anna Jordan on Small Business
Saturday 25th May sees the first anniversary of GDPR – and its associated fines.
It’s fair to say that the effects haven’t been astronomical (at least not yet). The first year has been more about teething than smacking down financial penalties. The watchdog is said to be spending more time focusing on legacy cases breaching the Data Protection Act, including high-profile companies such as Uber, Equifax and BT.
It also hasn’t penalised companies harshly where they can show that they have taken adequate action to fix wrongdoings and comply with new regulation.
Though there have been few penalties, reports have been on the up. Research from Hiscox shows that complaints of online data breaches were up 160% in the six weeks after GDPR came into force.
Across the continent, the European Data Protection Board found that 206,326 cases were reported under the GDPR from supervisory bodies in 31 authorities in the European Economic Area (EEA).
Fines throughout Europe totalled €55.96 million over the first year of GDPR. This sounds like a grand sum, but is mostly made up of a €50 million fine for Google.
France’s CNIL vs Google
In its first GDPR ruling, CNIL pursued Google, issuing a €50

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Hot Business News Today

Buying a business on a budget: what are your options?

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Originally written by Jo Thornley on Small Business
When it comes to buying a business, there’s no need to break the bank to find the right opportunity for you. An important part of success is not over-extending yourself when it comes to your finances.
That’s why it’s important to keep in mind that there are businesses available no matter your budget options.
We give you some ideas of businesses and industries that you should consider if you’re on a budget.
Internet business
The internet has really opened up a whole world of opportunities for entrepreneurs. If you spend enough time researching, you should be able to find an internet business for sale that fits into your price range.
Of course, you will still need to do a very thorough due diligence to make sure that your investment will pay off. Make sure that you’re not just buying a website. You should be buying a functioning business that has customers and marketing and social media just as a brick and mortar business would.
You will still need to see their sales records and their profit margins so that you can be sure that you are buying a business that will bring you returns in the long run.
To value

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