Today, entrepreneurs running small-to-medium sized businesses face daunting tasks that just a few years ago were not existent. The complexities of the business world have created new risks, a myriad of regulations, and complex reporting requirements that can overwhelm any organization. Owners and managers of all enterprises, even smaller private businesses, need to be cognizant of both the spirit and the letter of the law. How does a smaller organization, with limited resources, cope with all of this? How do they stay abreast of the additional changes that are on the way? In this guide, Pete Russo of the Entrepreneurial Management Institute at the Boston University School of Management outlines the pitfalls and steps, but also looks at effective solutions for private companies.
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summary, I came away very impressed with SAP Business One. My original concern was that SAP might have just watered down their mySAP All-in-One solution for the small-business market. In fact, the product was developed from the ground up for smaller enterprises and it shows. I found the interface to be rather intuitive and easy to grasp. Implementing SAP Business One will not solve an emerging growth company's regulatory or compliance issues. On the other hand, I can see how this product can be a