Business services are intangible products or activities that support a company’s non-financial operations. They include advertising, marketing, consultation, logistics (including travel and facilities management), waste handling, staffing services, shipping, administrative services, etc. Nearly every company has need for at least some of these services.

Companies that don’t have the resources to provide certain business services in-house may outsource them. The benefits of outsourcing are cost reductions and streamlined business operations. Outsourcing is also useful for companies that need to focus on core competencies. For example, a computer software company may outsource its customer service functions to a third-party provider.

In addition to offering a wide variety of career opportunities, the field of Business services offers good job security and excellent pay. The BLS projects that the demand for workers in this sector will continue to rise over the next decade. In addition, many jobs in this industry can be done from home. This is great for workers who don’t want to commute or need a flexible schedule.

A successful career in the Business services industry requires a wide range of skills and attributes. These can include a strong analytical mind, proficient use of software like Microsoft Excel and PowerPoint, excellent communication and interpersonal skills, an eye for detail, the ability to work well under pressure, and the capacity to meet deadlines. A person who possesses these skills and traits can find success in this highly competitive and demanding field.

The requirements for a job in the Business services industry vary depending on the sector and job title. For example, a high school diploma and good work ethic are needed for careers in shipping, administrative assistant, or janitorial services. In contrast, a bachelor’s degree in a relevant discipline is required for jobs in financial services, IT, or accounting.

One important difference between goods and business services is that goods can be stored as inventory for later use, but business services cannot. This is because the production of a service is often simultaneous with its consumption. Thus, a service is consumed at the same time that it is produced.

For this reason, the scope of business services is more broad than that of goods. A business service can be anything from a simple office supply order to an entire company’s IT infrastructure. However, most commonly, the term is used to describe a service that is intangible and not directly related to manufacturing.

To learn more about the different types of Business services, please visit the following pages: