The Business services sector provides a wide range of activities that benefit companies without supplying physical products. These services help with marketing, production, safety, cost and convenience. Business service providers are often overlooked and undervalued, but they are vital for keeping a company running smoothly.
The business service industry is a large part of the economy and a key component of tertiary sector economic theory. In this model, businesses provide experiences or consultation instead of tangible products and are classified as business-to-business (B2B) or business-to-consumer (B2C).
A number of different industries make up the business services industry. These include advertising, consulting, transportation and logistics, warehousing, waste handling, staffing, shipping, and administrative services. Nearly every company in operation needs at least one of these types of services.
Examples of business services include delivery services that ship supplies directly to the workplace, enabling companies to save time and money on shipping costs. Similarly, a cleaning or janitorial service can be contracted to clean a building, providing a convenient and valuable experience for employees. Companies also hire maintenance services to repair equipment, reducing the need for costly repairs or replacements.
Another type of business service is a temporary staffing agency, which helps employers hire skilled workers for specific projects. These agencies may offer a wide variety of employment opportunities, including project-based work and full-time jobs. The flexible work arrangements of many business services jobs are a great option for people looking to balance their career and family life, according to Break Free Academy.