Business services are a category of business activities that benefit companies without providing tangible goods. These activities may include delivering products, renting office space and offering insurance.
They can also involve managing an employee’s physical and mental health, such as providing medical care or daycare services. Some businesses even offer utility services such as electricity, water and gas.
The industry offers a wide range of career opportunities and is flexible, allowing you to pursue your interests or try new things. It is a growing sector, as technology advances and digitalization continues to transform the way businesses operate.
Many people who choose a career in business services do so because they are interested in helping other businesses. These professionals often help their clients save time and money. They can also be a great resource for businesses who are looking to improve their services and expand their customer base.
Some business service careers can be stressful, but that’s not always the case. They can also be rewarding and challenging, says Drewbie Wilson, vice president of Break Free Academy, which offers training programs for sales professionals, entrepreneurs and executives.
Those who work in business services can enjoy competitive salaries and an excellent work-life balance, Wilson says. They can find work in a variety of industries and settings, including hospitals, universities, manufacturing firms and corporate offices.
According to the United States Bureau of Labor Statistics, job growth is projected to be faster than average for this industry in the decade through 2024. This growth is primarily driven by the need for increased efficiency in the business process.
These businesses provide a variety of support services to customers, such as computer software, accounting and human resources. They can also help companies manage their finances, track expenses and maintain inventory.
They can also assist companies with legal issues and employee relations. Some can help with marketing, advertising and promotions.
The services sector is a major component of European economic growth, with business services accounting for 11% of the EU’s GDP. The EU has a number of policies that seek to boost the sector’s development, including a revised Services Directive which encourages the creation of new services and removes some barriers to trade in business services across national borders.
In addition, the EU has introduced a new EU framework for the business services sector, the Internal Market Services Regulation, which will enhance their access to the internal market by removing regulatory barriers and facilitating their access to foreign markets.
These companies offer a wide range of support services to their customers, from accounting and human resources to marketing and advertising. They can also assist companies with legal issues and customer relations.
Some of these services are free, while others charge a fee. The service industry is growing quickly and is expected to continue its rapid growth for the next several years, with many startups developing innovative new technologies and solutions.
There are many different types of business services, each with its own unique benefits and challenges. However, they all have one thing in common — they help businesses succeed.