Business services refer to various tasks and activities that help in maintaining a company yet do not produce any tangible product. Information technology is one of such exclusive business service that is being increasingly in demand by many companies.
The professional and business services industry comprises a large sector of the economy, with more than a quarter of all jobs in the United States held by workers in this industry. It includes a wide range of industries such as accounting, consulting, management and support, and insurance.
Businesses use business services to improve their efficiency and focus on core competencies. They also use them to access specialized expertise and experience that they may not have in-house. Lastly, they can use business services to lower overhead costs and reach new markets and customers.
There are three main types of business services: business-to-business, social, and business-to-consumer. Business-to-business services are offered for a flat or hourly fee to other businesses, while business-to-consumer, or B2C, services are offered for a price to individual consumers.
A career in business services can be lucrative for those with the right skills and training. However, this industry can be stressful and fast-paced, so it is not for everyone, Spinelli says. Additionally, some jobs in this sector are remote, meaning they can be done from home or another location with an Internet connection. This can be beneficial for those with family obligations or other responsibilities that require a flexible schedule.