This thesis project was carried out as an assignment for Espoon Biljardikerho ry. The main objective of the research was to analyze the association’s financial situation and make suggestions for future development. The research was executed by studying the association’s financial statements and budgets. Investment calculations and a scenario analysis were made for future strategies.

The theoretical part includes basic information about the functions, basic principles, essential legislation and obligations concerning associations. In addition, information about economic planning is presented. The research methods used in this thesis include benchmarking, interview and inquiry.

The benchmarking study showed that Espoon Biljardikerho does not have clear flaws compared to similar organizations in this business area. The interview showed that it is important to grow and maintain the total number of members to stay in business. In order to offer an attractive membership, the key factor is to provide regular competitive activities. According to the inquiry, team spirit and functional premises are the main benefits of Espoon Biljardikerho and the current costs of the membership are reasonable. For the most important future investment the members suggested a new billiards table or supplies.

The research showed that the budgeting should be more related to the previous trends and it could be checked more often for more accurate future predictions. Benchmarking research provided the suggestion of decreasing the visitor costs because that way potential future members could visit the club. The inquiry provided a suggestion about a reward for the member who brings in a new member. Investment calculations were made for buying a new billiards table but the same formula can also be used for planning other investments. Comparison of different premises brings a conclusion that Espoon Biljardikerho should keep their operation in their current premises as long as possible.