The business services industry is a massive portion of the commercial world. Companies rely on these service providers for marketing, production, safety and cost purposes, among other things. But what exactly are these services? And what are some examples of them? We’ve put together a list of 30 different types of Business services to help you understand what this industry is all about.
Unlike manufacturing businesses, which produce tangible products, service businesses offer a variety of intangible goods and services to both consumers and other companies. Known as the tertiary sector of an economy, it is the third largest economic group in the U.S. and includes consulting, advice, and experience-based services. Many of these services are used for company-wide strategic goals, but there is also a large market for consumer-focused experiences as well.
Most companies rely on business services for their operations and growth. Large companies, in particular, rely on these services for their marketing, production, and other work demands. These services include transportation, waste handling, staffing, and security. They can be provided by a third party or in-house.
Many of these services are critical to the success and longevity of a company. For example, many companies use janitorial services to keep their offices clean and organized. In addition, some companies use animal control and pest extermination services to help with occasional infestations.
Another type of business service is insurance services, which help cover the costs of accidents or damage to a company’s equipment and property. Companies may also use financial services to receive business loans or lines of credit to fund expansion or new equipment purchases.
Other important types of business services include marketing and consultation, which can help a company expand its customer base or reach new markets. Additionally, human resources services can help companies hire and retain qualified employees.
In addition, a company may also require utilities services to maintain and operate their facilities. These services can include water, electricity and gas, which are essential for keeping workplaces productive.
A company may need translation or interpreting services to communicate with customers or other business partners who speak different languages. These services are available in person or over the phone and can help increase productivity for companies with international connections.
Some companies prefer retailing or renting their workspace instead of owning it, which is where real estate services come into play. These companies can provide a variety of services, from helping a company find a new space to negotiating rental agreements.
Other kinds of business services that a company may use include technical support, which can help troubleshoot issues with computer networks and other technology. Some companies also use personal services, like in-office day cares, to help employees maintain a work-life balance and save time. In addition, software services can improve the functionality of a company’s technology by adding features or enhancing security.