Business services are those that are used by business enterprises in carrying out their trade activities. Such services comprise those related to banking, insurance and communication. From banks, business enterprises want availability of funds; from insurance companies, they want their plant, machinery and goods insured; they need transport companies for the transportation of raw materials and finished products; and they require warehousing and telecom services to remain in touch with their vendors, suppliers and customers.
As such, these services are intangible and cannot be stocked for future use as inventory. They are delivered when they are demanded, and the customer is always involved in service production. This is one of the major differences between services and goods.
Besides the traditional services businesses, there are also business-to-business (B2B) service providers that provide professional services to other businesses. Such services could include accounting, marketing and IT services.
Those looking for a challenging and rewarding career should consider jobs in the business services sector, experts say. The industry offers a wide range of career options and pays well, with some positions requiring only a high school diploma or GED certificate and others requiring a bachelor’s degree or higher. In some cases, people with the right skills can advance quickly in these roles. However, these jobs can be stressful because they often involve a fast-paced environment. If you don’t handle stress well, a job in business services might not be for you.