What are Business services?
A subset of economic services, Business services are the work that helps a company but doesn’t result in a tangible product. Companies outsource these services to save money or focus on core operations. Examples of business services include warehousing, shipping, IT, accounting, and administrative support. Nearly every company has a need for at least some Business services.
The most popular type of business service is IT consulting, which includes a wide range of activities like network management, hardware and software implementation, and more. Other business services can include marketing and advertising, graphic design, data analysis, human resources, IT security, and more. Some business services are even specialized like a law firm that focuses on divorce and family law.
Getting a job in Business services doesn’t require any specific qualifications, but people with experience and education will get ahead of the competition. The most common degrees are bachelor’s in Business, Finance, Economics, and Marketing. Many people in Business services work as self-employed contractors or consultants and often negotiate contract terms with clients.
The most important trends in the Business services industry include virtual services, sustainable and eco-friendly services, and personalized services. Virtual services are growing in popularity as consumers seek remote options such as online bookkeeping and telemedicine. Sustainable and eco-friendly services are also in demand as consumers become more concerned about environmental impact. As a result, some businesses are offering services such as green cleaning and energy consulting.