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The following article was published in our article directory on December 3, 2019.
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Article Category: Business
Author Name: Jason Cohen
These are services that can be outsourced to another company. These kinds of services are usually employed by small companies that do not have enough manpower to do them on their own. Here are a couple of the most common business services availed of by many companies.
Professional services
These are services like legal services, accounting services, and other services provided by professionals. These are services that are only needed occasionally, like when it is time to file tax returns, or when the company ran into some legal problems.
Not all companies can afford their own accounting and/or legal teams, especially if the company's not that large.
Logistics
This service could include warehousing services and/or delivery services. If your company needs to hold inventory on a certain kind of commodity for processing later, but you don't have enough space in your company property, you can lease a substantially-sized warehouse. There are also delivery and logistics services that you can hire to deliver your goods on your behalf.
This is actually more cost-effective for small businesses because they do not have to pay for maintenance and upkeep of delivery vehicles, and the warehouse. This is a very valid option if you don't have that much material to store and you will only need delivery trucks for very large orders, which are few and far in between.
Janitorial Services
This is actually one of the most outsourced business services ever, even the largest companies in the world do not have their own janitorial team, they need to hire another company to do all the cleaning and waste management for their office building.
Not that many large companies have their own custodial services, mainly because they do not want to spend company capital on expensive cleaning equipment and supplies, they would rather just pay one fixed amount every month for the full service.
Real Estate
Not all companies can afford their own office building, many of them in fact lease office spaces from building owners. Only multinational companies worth billions of dollars are usually the only ones that can afford building and operating their own office building.
It is sometimes better to lease office space because they sometimes package in janitorial and waste management services with the contract, which is actually quite nice.
Quality of Life
Some companies outsource services that are related to the employee's quality of life, like medical services, dental services, health and fitness centers, and daycare centers. If your company is growing in number of employees, the stress levels in the office can also get higher, so spending a bit of company capital on these quality of life services to improve employee morale is really worth it.
These are just some of the many different kinds of business services that you can avail of. Your company does not need to take on all of the day-to-day operations, if you need to outsource some of the tasks then do so, let your core base
of employees handle the more important tasks at hand.
Keywords: Small business loans, Business services, Start-up capital, inventory capital, seasonal emploee funding
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