Business services are the industry sectors that support the operations and infrastructure of businesses. These include finance, shipping, procurement and more.
They are intangible, which means they don’t result in the production of a physical product and they cannot be stored like inventory. These include things such as information technology, marketing and consulting services.
These sectors are important because they help keep a company running and operational, allowing it to focus on what’s most important – its customers. Without these industries, companies would be struggling to stay competitive and serve their customers in the best way possible.
A career in business services can be rewarding and exciting, but it’s not for everyone. The work can be fast-paced and stressful, especially if you’re not used to working in a high-demand environment. Additionally, many jobs in this field involve a lot of collaboration with clients, so it’s not for those who don’t have strong interpersonal and communication skills.
The path to becoming a business service professional can vary depending on the specific industry, but it usually involves a bachelor’s degree in a relevant field. Many also pursue certifications to show employers they have the qualifications needed for the job. Some business services professionals are even trained in a particular program, such as project management or software development.
Some of the most popular professions in this industry include human resources, accounting and management. A career in these fields can offer plenty of advancement opportunities, and it’s common for people to move up into senior-level positions like a controller or CFO. Moreover, the nature of the work can be flexible, with some roles allowing employees to telecommute or work from home.
The world of business services is growing at an incredibly rapid rate, thanks to the rise of technologies like cloud computing and data analytics. In fact, according to Statista, the business services sector is expected to grow by 2.1% annually between 2020 and 2030. As more and more organizations turn to outsourcing for noncore functions, there is no shortage of employment opportunities for qualified business services professionals.