Business services are activities that benefit companies without resulting in a physical product. They include transportation, cleaning, traveling and hospitality. Some businesses also provide software and other technological equipment. Others offer support, maintenance and consulting. These tasks help a company save time, improve efficiency and increase profitability. They may be outsourced or conducted by employees of a company.
Some business services are provided for a profit, while others are given out to promote equality or help people. The latter type of service is typically called a social enterprise.
The qualifications needed to start a career in business services vary depending on the industry. For example, a shipping and logistics professional needs a high school diploma, computer skills and a good work ethic. A janitorial or cleaning services provider usually requires a similar background. Software engineers, IT technicians and accountants need bachelor’s degrees. Other careers in this field include athletic trainers, who need previous work experience and a degree to perform duties like consulting with clients, providing fitness resources and overseeing a client’s progress.
Financial services are a crucial aspect of any economy. B2B financial services include lending money, investing and insurance. These services are offered by banks and credit unions, as well as private companies that specialize in loans or risk management. They can be used to fund an expansion or cover operating expenses. The most common forms of these services are small-business loans and lines of credit. Other forms of financial services include accounting, actuarial consulting, and mergers and acquisitions.