Business services are the intangible services a company provides that do not result in a physical product. The services include information technology (IT), accounting, marketing and business consulting. These services help businesses reduce costs, streamline operations, increase employee productivity and improve customer satisfaction. They are also essential to the economy in many countries.
A typical example of a business service is a company that offers digital marketing services to businesses. These companies help them create and optimize their digital campaigns, increase their return on ad spend (ROAS) and enhance their brand image. They also provide creative services such as graphic design, content writing and translations.
Another type of business service is IT support. This is when a company outsources its IT infrastructure services to an external vendor. It is usually more cost-effective to outsource the work to an IT service provider rather than hiring an in-house IT team.
Other types of business services are payroll and accounting, travel and logistics and shipping. The industry is extremely important to the economy as it is a significant contributor to the GDP of many countries. It is even more significant in lower-income economies.
A career in business services is challenging and fast-paced. It’s also a great fit for people with good interpersonal and communication skills. If you’re not comfortable with a pressure-filled environment, it’s best to steer clear of this field of work. However, if you’re interested in a career in business services and have the right skill set, there are plenty of opportunities to land a job in this field.