Kelly (The Red-Headed Diva) discusses some of the best practices for facebook business pages at PodCamp Western Mass for small businesses in her facebook 101 session. There is a pretty good discussion on how to grow the audience for your page. Contests are good, interaction is really good. Make sure to keep a personal edge to your post.
There is a really good discussion on how the feeds work and interact with other peoples pages. Also brought up was promotions on facebook. Although facebook discourages promotions, people do them and they can be very effective.
There was also a brief discussion on the analytics that facebook provides.
You can learn more from Kelly at The Red-Headed Diva.com
Watch the video below: