Business advisory is the process of analyzing problems, and potential risks businesses are facing and help provide advice. Business advisors provide information, advice, support and guidance to those running and leading organizations. Ultimately, they help their clients meet their strategic and organizational objectives. Advisory management includes various management services, such as portfolio management, corporate debt management, and estate planning. Advisors also consider the tax effect of investment decisions and calculate the effective return on the investments. The advisory package mentions the advantages and disadvantages of a decision. They provide pieces of advice on particular business transactions—for example, the probable results of making a private equity investment in a small-capital or mid-capital company.

Furthermore, the following are advisory services: Trend analysis, Benchmarking, financial forecast, budgeting and valuation. Note that advisory and consulting are different: advisors work with clients on a long-term basis and assume leadership roles within a company, while consultants usually work on a short-term basis and only address a specific problem or an underlying constraint affecting a company. Business advisory services are necessary for managing finances and marketing your product or service better or more widely to improve your operations.