Establishing good business practices is imperative to any business no matter how large or small. Creating processes, routines, documentation, standards, training and implementing them is the key to success in the business world.

Developing process standards is an important step in determining the success of your business. There are three basic types of process standards. A business standard is how your business works. It defines how your company accomplishes a project for a customer rather internally or externally. Standardizing these processes will ensure the smooth handling and measure performance between each of the boundaries.

The next type of standard is process performance standards. This is done by examining the business standards and comparing results. This is usually determining time, costs and effort needed in performing a specific function.

Finally process management standards that indicate how well all the processes are managed and measured and whether or not they’re enabling continued improvement.

Standards should lead to commoditization, more competitors and lower prices for the services you offer.