I am following the install directions using Nero Express to create a boot CD & an ISO image of SME 7.1 on another CD.
Hmmm, I simply burned the SME 7.1 ISO image to a CD-R and booted off that disc. Have you tried that? I don't think that a separate boot disc is necessary.
What type of hard drive(s) does your Dell have: IDE, SATA, SCSI?
If your Dell has 2 or more hard drives, do not enable RAID in the BIOS. SME Server creates a software RAID during installation. If you have a hardware RAID controller, check that it's supported.
Are you getting any error messages, or does the boot process just stall?