The number of ISO registered companies in the United States continues to grow at a rapid rate. At the same time, there is a growing trend toward forming sustainable relationships with quality-focused and environmentally conscious businesses. However, there is still a misunderstanding that ISO standards are only applicable to and beneficial for large corporations and manufacturers.
Is ISO certification a good investment for entrepreneurs?
While it is a common misconception that ISO certifications are only for big businesses, this is simply not true. The standards set forth by ISO are generic by design so that they may be applied to businesses of any size, type, or product line. Having an ISO certification provides the solid foundation entrepreneurs need to build a successful business.
Benefits of ISO Certification
ISO standards take a holistic approach to improving business functionality and growth through consistency; and are just as much about improving processes as they are about improving products and services. Consider the following benefits to your business:
Entrepreneurial companies are at a greater risk than established organizations – and have a more compelling need to identify and manage risk. If a young company doesn’t have policies, processes and procedures that are standardized, it risks wasting resources. And smaller companies are often not in a position to absorb that loss.
In order to adhere to standards, entrepreneurs are required to establish processes that are clearly defined, documented and monitored. Objectives are also established and progress is measured, so you can see how your business grows.
According to a 2015 analysis of 92 studies, three out of five businesses saw an improvement to their bottom line as a result of ISO standards. This revenue increase was slightly higher than non-certified businesses and was primarily due to improved operations.
Standards open the door to new markets. Certain opportunities, such as government contracts for example, are only available to ISO certified businesses. In addition, many ISO standards are recognized internationally, which increases your credibility in international markets.
ISO certification provides your current and potential business relationships the assurance that you have the relevant processes in place to deliver what is required, giving your business the competitive edge. No business is too small to be ISO certified. If you are an entrepreneur and ready to take the next step in improving your business and quality management system, contact simpleQuE to find out how to get started.