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External Advisors

The engagement of talented consultants from various professional fields is essential to the success of the company. There are traditional areas, such as economic and legal matters, in which every company customarily hires outside advisors. But there are also professional consultants in other fields who may contribute to the company in its line of business or elsewhere, in order to accelerate the progress of the company and the time-to-market of its products (accelerators). Finally, there are numerous entities who offer companies all consultancy services in one package (incubators).

Financial Advisors and Management Consultants

The functions of economic consultants are very broad and include consultancy and guidance in a variety of areas, such as choosing the optimal channels for raising capital, drafting contacts with investors, and examining different directions of business development. Aside from functioning as independent consultants and strategic consultancy firms, many accounting firms now offer entrepreneurs various economic services. Economic consultants are particularly important for companies whose entrepreneurs have a deep technological background but whose managerial or business experience is lacking, or whose acquaintance with the capital market is sketchy. At times when the number of potential investments with which investors are faced is immeasurably greater than the number of ventures in which they are able to invest, the company's business design is already essential in the early stages of the venture, and the added value of prudent advice in this area to the venture cannot be overrated.


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