What Are Business Services?
Generally, business services are defined as the goods and services provided by a business that are used as a means of meeting a customer’s needs and are recognised as a subset of economic services. These services include Accounting, Information technology, Transportation and Logistics, Social services, and work-related illnesses and injuries.
Information technology
Having information technology in your company’s arsenal is a given, and it isn’t just about the latest and greatest. Information technology has allowed businesses to leverage a wider array of information and provide a more informed customer base. As such, information technology has been a gamechanger in the 21st century business world.
Using the right information technology solution is crucial for any enterprise. There are a myriad of technologies and services to choose from, but some of the most important are the big data, cloud computing, and data center management. Information technology is also used to provide network security and online storage for business data.
Accounting
Keeping accurate books is a vital part of running a business. Accounting helps businesses to understand their finances and make informed decisions. Accountants can help your business make the most of its money and stay on top of tax changes.
Keeping a clean financial record allows you to track expenses and allocate your budget to make the most of your business. Accounting software is also available to help you keep your books in order. Some of the best accounting software products for small businesses are QuickBooks, Sage 50 and FreshBooks.
Transportation and logistics
Getting products and services from one place to another is a major activity for business. Transportation and logistics work in tandem. The transportation part links the business to its supply chain partners, while logistics deals with getting products to their final destinations.
Transportation is important for trade, and it connects the company to its customers. Oftentimes, goods are moved in bulk. However, the movement of information and physical products must be done at a reasonable cost.
Work-related injuries and illnesses
Occupational injuries and illnesses are a significant cost to workers and society. It costs an estimated $200 billion each year to treat illnesses and injuries. OSHA regulations require employers to keep records of work-related injuries and illnesses. They must also prepare a summary report of these incidents at the end of each year. In addition to recording, employers must post the report in an easily accessible location at each worksite.
Work-related injuries and illnesses can be prevented by performing root-cause analyses. These analyses help employers identify the hazards and implement worker protections.
Social services
Often referred to as “welfare” services, social services aim to provide services to the most vulnerable individuals in a community. These services can range from providing social and emotional support to residential care. They are also integrated with clinical care, behavioral health and community development.
These services are provided by public or private entities. These services help people gain control of their lives and access the essential goods they need to survive. In addition, these services can also mitigate the impact of disasters on vulnerable populations.