All start up companies require help on their journey to success. Start up business advisors are professionals with relevant industry or business experience that provide advice and mentoring to the founders of a startup. Sometimes these advisors are also early-stage investors which can help to align their aims with those of the founders.
A business advisor acts as a sounding board for the founders and offers strategic and practical advice on all aspects of the business. Founders need to decide how hands-on an advisor should be – some take an active role in daily operations and become involved in making decisions. It is important for founders to decide whether they want their advisor to participate in running the company or whether they are expected to only perform a mentoring and advisory role. Finding the right advisor includes deciding how on best to leverage them in achieving strategic objectives for the start up.