MBA1009 5 Things You Need To Know About GDPR

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 22 May 2018

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

GDPR: if you haven’t heard about it yet, you will.

It takes effect in a matter of days, and it’s likely to affect almost every business with an online presence. GDPR is Europe’s reaction to the threat of privacy breaches that have lately made headlines, especially in the US. It’s the European Union’s attempt to protect the user data of its citizens — regardless of where a business is located.

If you have a website that tracks or gathers data on your visitors, you must be GDPR compliant by May 25th. The good news? It’s likely that you already are. Still, it’s vital to make sure, because the consequences for violations of European visitors’ privacy are steep.

Seriously, friends: do whatever you have to in order to comply with this new standard in online security.

Today, we discuss what the rules are, why they came about, and how to make sure your business doesn’t run afoul. Given the size of the fines, it’s definitely worth taking the time. Click Play!

Transcript

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0:00.0	Heyo! Welcome to the $100 M. B. Show the business podcast that gets straight to the $100 MBA show, the business podcast, it gets straight to the point and gives you the business lessons and insights that you need to build a better business every single day with our daily 10 minute business lessons for the real world.
0:23.7	I'm your host, your coach, your teacher, Omar's at home.
0:26.7	I'm also the co-founder of the $100 MBA, a complete business training and community
0:31.2	online over at 100 MBA.net.
0:35.0	And in today's lesson you will learn the five essential things you really need to know
0:39.8	about GDPR.
0:41.6	If you run a business and have an online presence, I'm sure you've heard about
0:46.0	all the buzz of GDPR. It's like the modern day Y2K. But what is it and how can you prepare for it?
0:53.0	There's a lot of misinformation out there.
0:55.0	There's a lot of confusion and there's also a lot of stress.
0:58.0	People want to get caught doing something wrong
1:01.0	and get in fined big time.
1:04.0	GDPR stands for general data protection regulation
1:08.0	and it's the legislation that has been passed in the EU,
1:11.0	even if your business is not based in Europe, if your customers or anybody who
1:17.4	interacts with your website that provides information is from Europe, you need to be GDPR compliant.
1:24.8	So that basically means every business that has a website.
1:29.2	Because you can't help if somebody from Europe will stumble upon your website and provide information.
1:36.5	So let's make sure you're ready and you do the essential things to protect you and your
1:40.3	business.
1:41.7	Let's get into it, Let's get down to business.
1:43.6	Today's episode of the $100 MBA show is supported by Earth Class Mail. If you run a business, you need a business address.
	...

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