Business services are the services that a company uses for its internal operations, like banking, insurance, transportation, warehousing and communication. They also include services that companies use to help their customers, such as advertising and marketing.
A company can hire a service provider for a business service or it can perform the service in-house. A service provider can provide expertise, technology and tools that may not be available in the company. The business service industry is growing quickly as more companies are outsourcing their noncore activities, according to a study by Dun & Bradstreet First Research.
Another type of business service is called a business-to-business (B2B) transaction. It’s a type of commerce that takes place between trade organizations. For example, a car manufacturing company might perform a B2B transaction with a wholesaler to buy the tires and rubber hoses it needs to build its cars.
Among the many advantages of careers in business services, you enjoy a lot of career options and plenty of opportunities to advance. However, you must be able to handle high amounts of pressure because jobs in this sector can often be demanding and fast-paced. This is especially true if you work in the field of human resources. A successful career in this sector requires excellent interpersonal and communication skills as well as a strong work ethic. You’ll also need to be creative and innovative in order to succeed. A career in this sector can be stressful and challenging, but it’s an excellent choice for someone who is dedicated to success and enjoys a fast-paced environment.