I'm the Co-Founder of a recruitment start-up (www.ferrisslater.com) based near Preston, PR5 6AW. I'm motivated to take the business from just the 2 employees to 10+ over 2-3 years.
In what circumstances should the development of a Board of Advisors be implemented, and in what circumstances is it not needed?
Is it better to collate a BoA further into a companies development or ASAP?
Check how many co-founders you may get first (if you need any).
I would deliver BoA in the big company, not start-up, but it depends on what you and your business need today
Write your business plan. Where you have weaknesses either fill them with solid co-founders or a board of advisors.
Advisors play an important role whether a formal assembly of specific skills, or simply colleagues and contacts that are willing to act as a sounding board. Considering that every business requires six skills and no one person ever masters more than two, you will always rely on others either as employees or partners or advisors to help fill those gaps.
It's not about the stage of your business, it's about the self-awareness of your business. Don't short change your growth and survival by failing to build a support structure (employees or advisors) that are the resources you will need to master the required business skills.