Industry Analysis & Industry Trends
The Business Services subdivision provides a number of services to a vast range of markets. The subdivision is linked to the performance of the overall economy, particularly financial and business services. The onset of the global financial crisis affected key downstream markets as business services and construction faltered. Business services rebounded at a significantly faster rate than construction, however, and industries such as engineering consultancy services and management consultants have posted strong growth, aiding the subdivision. The success of the Mining division has resulted in strong growth for those specialising in engineering... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Business Services subdivision are moderate, but vary from industry to industry. Many industries are characterised by a high level of fragmentation as sole practitioners, partnerships and other small firms are able to be successful by servicing local areas. There is a large pool of clients for business to draw from, creating a highly competitive marketplace. Opportunities still exist however; the subdivision continues to grow at a relatively strong rate compared with the overall economy and profit margins are high. Prospective entrants will face different barriers dependent on the industry... purchase to read more