www.bizinfoportal.co.uk/2021/04/08/how-to-implement-your-business-growth-strategy/
Personal business is any type of activity or subject matter that an individual thinks of as private. These activities might involve side jobs or small-scale enterprises run by individuals looking to earn additional income. This is usually a good idea, since it promotes working-life balance and allows individuals to pursue their passions besides professional pursuits. It could also be related to family or personal responsibilities like childcare or elderly care.
The legal definition of personal data varies from one data privacy law to the next, however the general concept is consistent: Any data that can identify a household or individual is considered to be private in the sense that it can be considered personal in. This could include basic information such as names to more complex information such as geolocation data or biometric data. Businesses must be aware of personal information to ensure they comply with all applicable laws.
For any data to be considered to be personal the data must be easily linked to a specific person. It is crucial for businesses to be clear about the reasons behind collecting data and seek consent prior to doing so. They must also limit the amount and types of data collected, and keep it only as long as they need to.
In the United States a personal business is a company that is managed and owned by a person, not if it’s incorporated or a partnership. This means the owners’ personal assets may be used to pay back the liabilities and debts of the business and this isn’t always the good thing for small companies which have limited resources.