A business service is an activity that assists businesses yet does not deliver a tangible commodity. It includes any work that a company may need such as logistics and shipping, IT support, legal assistance or miscellaneous help a firm may need to succeed in their industry. This category of work is distinguished from the more commonly known Financial Services which includes everything to do with money and assets that a firm needs.

The most common types of Business services include outsourcing, consulting and professional services. Outsourcing is a type of Business service that allows a company to outsource parts or entire business processes to an outside party. Consulting and professional services are both Business services that provide advice or labor for a fee. The professional and business services supersector is one of the largest sectors in terms of employment in the economy.

When economic times are tough, consumers often cut back on spending on services and look at them as extras rather than necessities. This can lead to a decrease in revenue for the companies that provide those services. It is important for these firms to evaluate their service offerings and see how they can make them more valuable to consumers in order to increase their revenue.

With the rapid digitalization of business services, many job opportunities are being created within this sector. If you are looking for a new career path, then consider starting out in one of these fields.