1. Strategic Planning: Advisors help in formulating and executing effective business strategies. 2. Financial Management: They assist with budgeting, financial forecasting, and managing investments. 3. Market Research: Advisors conduct thorough market analysis to identify trends and opportunities. 4. Operational Efficiency: They provide guidance on improving processes and increasing productivity. 5. Mentorship: Advisors often serve as mentors, offering support and encouragement to entrepreneurs.