General Service Business

Employees of a service business provide services to customers for a fee. Examples include pet grooming, dry cleaning, travel agency, doctor, mechanic, consulting and childcare. Many rely on mainly human labor, such as a masseuse, others rely on a mix of human labor and equipment, such as a doctor with expensive high tech equipment. Most service businesses do not carry inventory for sale.

Service businesses main ongoing costs will usually be the operating costs such as rent, utilities, labor and equipment.