The most common and most likely answer to this crossword clue is the 11 letter word TECHNOCRATS
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Buddy explains!

The straight part
We know that "Business VIPs" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case business vips = technocrats.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does TECHNOCRATS mean?
TECHNOCRATS noun- An advocate of technocracy.
- An expert in some technology, especially one in a managerial or administrative role.
- An individual who makes decisions based solely on technical information and not personal or public opinion.