BANGALORE: Coming up with a new business idea and succeeding as an entrepreneur is not a cakewalk which is being done. The young and fresh minds need proper guidance and awareness about what are they doing and how to make it big in the market. For this the experienced people are the best to seek advice from they have seen it all thus startups and entrepreneurs are setting another trend by recruiting advising panels for their organizations, reports Economic Times.

The advertisers provide with the right knowledge of market and they play a major role in making big discussions in the company. The entrepreneurs are mentally trained by these advisers. Most of the entrepreneurs such as Flipkart, Oyo rooms, Paree are coming up with the idea of having an advisory board which works along with the company’s management board.

Due to the age and experience difference it is likely to have a difference in opinion still the advisory helps the management to resolve the issues with their expert opinions and strategy planning. A startup might be having an impulsive set of people who goes with certain ideas. With the help of the advisory panel they get time to think over the ideas and come up with an even better one.

‘Advisers, therefore, by virtue of their engagement are counselors or life coaches as well, conditioning entrepreneurs with long-term thinking while simultaneously working them back to the present-day situations and challenges. "In a startup everyone gets high on a startup drink. If you have one or two ideas you're in love with, you forget that there could be other options’. The managing director of Empowered Learning Systems, which focuses on consulting, coaching, training and organization processes Jayshankar said.

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