Hi, as many other new 'fastlane newbies' I started to create my own social network website, or something kind of like that. I know it's nothing hi-innovative and has been done many times and so on. But however I want to make it better, and it seems that my current project stage is better than any competition layout/structure currently on my country (Poland) market.
And now: BAM! New regulations on collecting personal data is introduced in European Union (General Data Protection Regulation - Wikipedia).
How should I interpret it as a newbie on internet market? According to MF, internet is the best "marketing machine" to start any bussines. It does not need any down payment to start a website, you can learn how to code yourself and you've got access to the whole world wide web. Countless number of clients and so on.
You know what... not exactly - and this regulation will make any small business not profitable in European Union. In my opinion it's a lot harder to make it, if you need to meet so many regulation to secure private personal data and it's a lot harder comparing to big players that are currently on market. They have money to deal with these regulations, to hire a team of people that will make secure software, lawers to write long policies, expensive audits and so on. When you start your own company, you are probably broke, without money to pay all these people to secure your website.
What's your opinion?
And now: BAM! New regulations on collecting personal data is introduced in European Union (General Data Protection Regulation - Wikipedia).
How should I interpret it as a newbie on internet market? According to MF, internet is the best "marketing machine" to start any bussines. It does not need any down payment to start a website, you can learn how to code yourself and you've got access to the whole world wide web. Countless number of clients and so on.
You know what... not exactly - and this regulation will make any small business not profitable in European Union. In my opinion it's a lot harder to make it, if you need to meet so many regulation to secure private personal data and it's a lot harder comparing to big players that are currently on market. They have money to deal with these regulations, to hire a team of people that will make secure software, lawers to write long policies, expensive audits and so on. When you start your own company, you are probably broke, without money to pay all these people to secure your website.
What's your opinion?
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