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.
small business entrepreneur
from this technology, however, small business man- agers must select the right tools. A businesses' technology needs grow and change almost as rapidly as their operations. There are so many applications, accounting systems and management systems on the market that confusion and reticence are understandable reactions. At some point in time, a growing private business is likely to need more than just an accounting application. It will need a more complete technology solution to support that growth. Larger