Business services are actions/activities that help companies but don’t result in a physical product. Large businesses rely on them to reduce costs and focus on their core competencies. This sector comprises a huge portion of the commercial world and encompasses many different kinds of work.
The term “business services” can be a little confusing because it’s used in many different ways by the industry and the general public. It’s also a broad category that includes everything from marketing and consulting to waste management and shipping.
Companies rely on business services to do the work that their employees aren’t trained or equipped for. For example, a construction company can hire a team of experienced builders to renovate a building rather than paying their own in-house staff to do it. Similarly, a business can hire an outside agency to provide office supplies and furniture.
These kinds of services are known as business-to-business (B2B) services because they’re provided between trade organizations, such as a wholesaler and a manufacturer or a retailer and a distributor. They’re contrasted with business-to-consumer (B2C) services, which are provided between an end consumer and a business.
The demand for jobs in the field of business services has increased significantly during recent years — and will likely continue to do so. That’s partly because technology has transformed how businesses operate, and workers in this sector can do their job from anywhere with an Internet connection. In addition, a growing number of companies are outsourcing their business services work to freelancers and other external providers, reducing their internal costs.