As if GDPR wasn’t enough!

Our friends in Europe are continuing to add more and more red tape burdening businesses.

+ Red tape = Increased Costs = reduced profits

Take a look at the proposed Proposal for a Regulation on Privacy and Electronic euCommunications by clicking here. A good article supporting this topic is available from Marketing Week. Click here to view it.

As we all scramble to deal with the implementation of GDPR, we are likely to see yet more legislation on privacy. This time specifically relating to cookies. Marketing week point out the impact could be:

1) If lots of people choose not to opt in, this could massively reduce the ability of programmatic advertising to reach specific audience segments.

2)  This could mean that advertisers have to think about shifting their digital ad spend into the small number of channels such as Google and Facebook that can continue to leverage user data via consent as part of the log-in process. This would reduce the pool of publishers and potentially drive up costs as data comes at a premium.

3) This could also affect tracking that is used to develop more personalised and tailored experiences on brands’ digital platforms. Although the draft texts include some exceptions, for example tracking necessary to provide the service, the user experience could be impacted.

Most importantly it is being proposed that the actual browser settings should control the use of cookies when the software is actually installed as opposed to individual sites having pop-up banners to opt in.

As to whether total control and power of the internet is being handed to the behemoths such as Google and Microsoft remain to be seen…

 

You’ve half a chance…

According to the UK’s Office of National Statistics the UK five-year survival rate for businesses born in 2011 and still active in 2016 was 44.1%. This is less than half of all start-ups…but it need not be so.

Failure Rates The ONS site goes on to state:

“By region, the highest five-year survival rate was in the South West, at 47.0%, while the lowest was in London, at 41.7%.

By broad industry, some notably high five-year survival rates include health, with a survival rate of 54.1% and property, with a survival rate of 51.1%. Accommodation and food services were the lowest, with only 34.6% of businesses surviving for five years.”

Infinity offer business plans and financial modelling to enure your start-up is not just a statistic. See our site today or contact us using the form below.

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Still charging for credit card usage?

From Saturday 13th January an EU wide ban came into force making it unlawful to surcharge consumers for using credit and debit cards including other electronic payment methods e.g. PayPal.

N.B. The ban does not apply where the consumer uses a corporate credit or debit card or other electronic payment method, even where they are purchasing personal items. The ban applies to the physical method of payment not the status of the consumer.

Ironically, it is still lawful to apply surcharges for payment by cash or cheque. (Consumer Rights (Payment Surcharges) Regulations 2012. These regulations limit charges to consumers who are buying goods and services.)

In the U.K. the ban will be enforced by Trading Standards (an already overstretched body). Consumers can also bring a legal action (although it remains to be seen if they will be motivated for a few pounds).

A more detailed and useful article can be found here.

This article is intended for U.K. readers and is for guidance only. We do not accept any liability or responsibility for any information provided by any third parties.