A group of individuals who've been selected to help advise a business owner regarding any number of business issues, including marketing, sales, financing, expansion and so on; a body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters .
An advisory board is an group of local business professionals who can help you run your business better. And because advisory boards are unofficial (i.e., it's not the same as a corporate board of directors), you have a great deal of latitude in how you set it up. Advisory boards can be structured both to help with the direct operation of your company and to keep you informed on various business, legal and financial trends that may affect you and your business.
Generally, you'll want a legal advisor, an accountant, a marketing expert, a human resources expert and perhaps a financial advisor. You may also want successful entrepreneurs from other industries who understand the basics of business and will view your operation with a fresh eye. At best, you'll partake of the knowledge your community's successful business leaders have.People who are guiding the company through decisions.