Business services are a broad category of industries that offer intangible, supplemental value to businesses and individuals. Companies use these types of services to reduce costs, improve productivity, or provide other benefits to their clients. These types of services include information technology services such as a cloud computing platform, management services, professional services, and training services.
A company may hire a business service provider to perform tasks that don’t fall within its core competencies or that require highly specialized expertise. This type of outsourcing allows a company to maximize its employees’ skills and focus on its strategic goals. Business services also can help companies save money by allowing them to avoid paying for full-time workers or purchasing expensive equipment and software.
Businesses rely on a variety of business services to run their operations, from storing goods in warehouses to providing childcare for employees. Real estate agents can help companies find office or retail space to rent, and construction teams can renovate or expand facilities. Delivery services can pick up and deliver products to customers, and utility service providers ensure that companies have water, electricity, and gas.
In addition, a company can hire a business service to manage employee wellness and morale, which is important for maintaining a productive workforce. These kinds of business services can include gyms, relaxation spaces, and transportation services. Language services can help firms communicate with clients who speak different languages, and technical support workers can troubleshoot computer and network issues for employees.