Managed services are the practice of day-to-day management responsibilities and functions as a strategic method for improving operations and cutting expenses.
A managed services provider (MSP) is most often an information technology (IT) services provider that manages and assumes responsibility for providing a defined set of services to its clients either proactively or as the MSP (not the client) determines that services are needed.
Professional services can be provided by sole proprietors, partnerships or corporations. A person providing the service can often be described as a consultant.
A professional services business is only as good as the work it does for clients. Whether they’re short-term projects or retainer-based services that last for years, client projects are the heart of a professional business