The business services sector is quick to see profits from economic growth. Companies in this sector generally have a relatively low need for investment as they have modest requirements for office space and equipment. This low barrier to entry can lead to rapid growth in the number of active companies.
Staff shortages and the increasing demand for sustainability are important challenges, and entrepreneurs must keep pace with digitisation and automation in order to stay competitive. Recruitment and accountancy are particularly sensitive to regulatory and legislative changes.
Logistics, distribution, technology, and healthcare businesses remain attractive for a business services takeover after the upheavals of the pandemic, as do companies that derive a high percentage of revenue from the public sector.