Business services are the operations that support a company’s core goals and strategies. These include administrative activities such as accounting, human resources, and facility management, as well as more specialized support services such as translation, market research, and staffing. The industry is growing and offers a variety of opportunities for employment, both part-time and full-time.
Depending on the role, business services can be conducted in a brick-and-mortar location or remotely. The flexibility of this sector is attractive to those looking for a work-life balance and the opportunity to choose their own schedule. For example, a translator can perform their duties from home or any other location with an internet connection. A career counselor can help you determine if this type of job is the right fit for your goals and skillset.
The value of a business service is not derived from producing a tangible product, but rather from its contribution to a company’s overall success and profitability. Businesses would struggle mightily without these crucial functions. A company relying on business services can focus on its specific aims by contracting labor for those activities that are not within its area of expertise, allowing it to maximize efficiency.
As a result, many business services jobs offer competitive wages and a high degree of flexibility in hours. The Bureau of Labor Statistics projects 2.1% annual growth for jobs in the industry through 2030. The sector also offers many opportunities for employees to advance and become managers, which can lead to higher pay and greater prestige.
A business service is a commercial activity that assists in trade by providing information, finance, insurance, travel, and logistics. It also supports other commercial activities such as manufacturing and retailing. These activities can be carried out by an individual as a sole proprietorship, in partnership with one or more other individuals, or in a corporation or other legal entity.
In the United States, business services are a $2 trillion industry. This is made up of a wide variety of industries, including consulting, marketing, advertising, IT, financial services, real estate, and facility management. The majority of the work in this sector is done by small and medium-sized companies.
While there are some responsibilities that are exclusive to large corporations, such as accounting and human resources, many business services can be performed by small companies, including providing marketing and advertising services. These smaller firms have the advantage of a lower cost structure and can often provide their services on a more personalized basis, as they can adapt to the needs of the client.
A person can obtain a career in business services by earning an associate or bachelor’s degree in a relevant field, such as marketing or IT. Many of these degrees are offered by community colleges and universities. A person can then move up the career ladder by taking a job at a large company or starting their own business. This will allow them to acquire experience in the industry and build up a strong portfolio.