About Business services
A broad career field, business services encompasses sectors like accounting, marketing, consulting and facility management. If you are looking for a challenging and rewarding career, this might be the right field for you to pursue. Unlike product businesses, those that offer business services don’t create products but instead support other companies that do. This type of industry includes business travel agencies, event planners and printing services for advertising and promotional materials.
Companies use business services to outsource tasks that are not part of their core business, such as shipping and logistics services. This allows companies to save time and money and focus on their goals. It also frees up employees to spend more time on value-added activities.
Many of the business service industries are fast-growing. Some of the emerging trends include virtual services, sustainable services and personalized services that meet specific needs. For example, some companies are offering pet grooming services for office dogs or online bookkeeping to help workers maintain a work-life balance. Others are offering in-office day care to allow employees to bring their children into the workplace.
The most significant category of business services is called business-to-business (B2B). B2B providers provide a range of essential functions that a company cannot perform itself, including IT, legal and tax services. In addition, they can help improve a company’s profitability by reducing its operating costs or enabling it to expand into new markets and customers. B2B providers may even assist a company to reach its financial goals with business loans and lines of credit.