Business services are the non-financial services that a company provides to other organizations. They include marketing, advertising, logistics (including travel and facilities services), waste handling, staffing, shipping, administration and security.
The Difference Between Goods and Services
Products are physical goods that customers purchase in exchange for a predetermined price. While services are intangible, they have a high value and require customer involvement.
A person cannot stock services for future use; they have to be delivered when demand exists. This difference between goods and services is important because it affects how a business operates.
Some examples of business services are:
Utility service providers supply water, electricity and gas to businesses to keep workplaces running efficiently. They also offer maintenance service professionals to handle any issues with appliances or other equipment.
Real estate agents help companies find workspaces and arrange rental agreements. This allows them to keep costs low and increase employee productivity.
Tech support professionals can help companies solve computer, network or other technology issues. They often work remotely, which gives them the ability to serve customers from any location that has an internet connection.
Employment and unemployment in business services is predicted to increase by 2.1% from 2020 to 2030, according to Statista.
Depending on the industry and type of job, business services can be a great career choice for those with strong customer service skills. However, some business service careers can be stressful, and if you don’t handle stress well, it might not be the right fit for you.