Business services provide an organization with the resources it needs to improve or maintain its efficiency. The industry includes a wide range of different types of services, from food delivery and transportation to office cleaning, waste management and payroll services. Using external business service providers can help companies improve their productivity by freeing up employees to focus on other important tasks. It can also save money by eliminating the need to pay salaries and benefits for in-house staff.

One of the most common types of business services are consulting firms, which offer advice and expertise on a variety of topics, including company strategy, market research, financial planning, risk management and compliance management. Business consultants can also assist with human resource issues, such as training and development.

Other business services include maintenance and repair services, which are used to keep a company’s property in good working order. For example, a company may hire a pest control service to handle any infestations. Other types of maintenance services include plumbing and electrical repairs. Companies can also use technology service providers to help troubleshoot any problems with a computer network or software.

Another type of business service is financial, which includes everything from banking and investing to insurance. Financial services can be useful for a company looking to expand or purchase new equipment, but they can also be used for everyday operating expenses. Some businesses hire financial service providers to manage their accounts and make payments on their behalf.