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Key elements to start your business
o Data protection regulations
The General Data Protection Regulation (GDPR) came into effect in the
European Union in 2018. It ensures that businesses, including digital ones,
protect the privacy and security of their users. Thus, every digital business
needs to ensure that they are GDPR compliant. Be warned, not being GDPR
compliant might result in severe fines for your business.
o Software and hardware insurance
From time to time, a server crashes with results in digital products and
services being “down” and inaccessible for a couple of hours until the problem
is solved. So I can your digital business manage if there is a server crash that
is not your fault? Do you risk loosing money because your customers cannot
access your product or service? Additionally, equipment (e.g., your phone,
computer) breaks. So, do you have insurance to protect them?
