Personal business is any type of activity or subject matter that an individual thinks of as private. These could be small-scale businesses or side jobs that people pursue to earn an extra income. This is good because it promotes a work-life balance, and lets people pursue their passions amidst their work. This could also be related to family or personal obligations like childcare and elderly care.
The legal definition can differ from one privacy law to another, but the basic concept is the same: Any information that can identify a person or household should be considered personal. This could include basic details like names to more detailed information such as geolocation tags or biometric data. Businesses must be aware of personal information to ensure they adhere to all applicable laws.
Data must be linked to a specific individual to be regarded as personal. Businesses must be transparent about their motives when collecting data and obtain consent before making any decisions. Businesses should limit the type and amount of information they gather and only keep it the time that is needed.
In the United States, a personal business is one owned and operated by an individual rather than an entity or partnership. This means the owners’ personal assets could be used to pay off obligations and debts which isn’t a good thing for small businesses which have limited resources.
