Business services are the intangible services that are utilised by businesses and are an integral part of numerous industries like IT, banking, insurance and transportation. These include everything that is not tangible, and are aimed at enabling the businesses to function more effectively.
Examples of these services are:
Insurance services such as workers compensation or business travel insurance. Design services such as a graphic design firm that produces logos, signs, packaging, publications or web graphics for business customers. Utility services such as a solar panel installer that charges commercial clients based on power consumption. Services that enhance employee quality of life such as health, entertainment and daycare. Logistics services such as warehousing and transportation.
The business services sector is one of the fastest growing sectors in Europe and contributes 11% to its GDP. This is due to the increasing use of business services in combination with other products to create new and enhanced product offerings or in order to improve operational efficiency. They also enable companies to reduce costs and become more competitive.
Business services professionals often work in a fast-paced environment and need to be able to cope with the pressures that come with such a role. They should also be able to communicate well and collaborate with others, and they should be willing to do some travelling as they might have to visit client premises. Many of these roles can be done remotely, and this is an option that might suit people who are not good commuters or those who need a flexible schedule.