The Business services industry encompasses companies that provide non-product-based support to other business enterprises. This includes things like banking, transportation, warehousing, insurance, communication, consulting and other miscellaneous help that a business may need to operate efficiently. These industries tend to have lower start-up costs than products-based businesses because they don’t require a lot of capital to get started since they don’t produce physical goods.
These companies are in high demand due to several factors. Increased affluence has given consumers more leisure time and the ability to outsource many tasks that they previously handled themselves, such as lawn care, house cleaning, carpet cleaning and travel planning. The changing work force has also created higher demand for services like career coaching and onsite training.
In addition, technological advances have facilitated the growth of business service companies by making it easier to offer remote or mobile access to certain business support functions. For example, some businesses have used cloud computing to host applications that were once located on an in-house server.
Providing good customer service is one of the most important aspects of any business, but it’s especially vital in a service business. Clients expect to be treated well, and they’ll return to a business that treats them with respect and dignity. Creating systems that allow clients to easily book jobs, communicate with staff and receive updates about their projects is also helpful.
The qualifications needed to pursue a job in the business services industry vary depending on the specific industry. For example, to work in shipping, administrative support, or janitorial, you typically need a high school diploma and strong customer service skills. To pursue a career in software engineering, IT support, or accounting, you need at least a bachelor’s degree in your field.