What Is Business Services?
Business services are intangible products and services that support businesses, enabling them to achieve their goals and earn profits. They are a large industry and a common business model.
These services include computing, telecommunications and management. They help companies improve their operations and work environments. They are a good career choice for people with strong customer service and IT skills.
The US business services industry consists of about 420,000 establishments (single-location companies and units of multi-location companies) with combined annual sales of $950 billion, according to Dun & Bradstreet First Research. These companies provide support services for their customers, such as office administration, hiring and placement of personnel, security services, travel arrangement, cleaning and waste disposal.
Typically, businesses in this industry are small, so they are able to compete with larger companies. They also offer relatively low barriers to entry, as they usually do not require much capital investment.
There are many ways to get started in business services, ranging from working as an intern to pursuing a master’s degree. However, it is important to understand the advantages and disadvantages of this career path so that you can make an informed decision. For example, some business services jobs are pressure-filled and can be difficult to manage. Other positions might be more flexible and allow you to work remotely. Additionally, some business services careers demand a high level of communication and collaboration with clients. This requires well-developed interpersonal skills. It may not be the right career for you if these skills are lacking in your personality or you do not have a lot of experience in this field.