The purpose of this bachelor thesis is to explain the process of establishing a consulting company and study the possibilities of achieving profitable business activity. The result of this bachelor thesis is a functioningsole proprietorship called Tmi Helpperi. The focus of Tmi Helpperi’s services is aimed at providing support for startup businesses during the early stage of their business activity. In this bachelor thesis will also be discussed the common pitfalls of new companies and how Tmi Helpperi could provide support to avoid those pitfalls. An interview with banker Jouni Salonen from Valkeakoski’s Aito Säästöpankki Oy gave the author an understanding of the most common reasons new companies fail. Banker Salonen was able to point out weak points in the planning process done by entrepreneurs, which has resulted as not getting finance. The author will focus on those common mistakes done by new companies and approaches them from Tmi Helpperi’s point of view. Discussing how Tmi Helpperi will avoid those common mistakes gives the basic knowledge used to assistthose planning to start new business.

The business plan of Tmi Helpperi introduces the main issues that a proper business plan requires. Tmi Helpperi’s business plan will focus on important matters required to take into account when establishing a new business in service sector. Especial importance will be put on analyzing the competitors operating in the same region. After constructing the business plan and planning the potential services, the profitableness of the idea to establish a business consulting firm will be discussed.