Fred wanted to start his own business. He was excited because the business he wanted to own and run faced a little competition. Fred came up with a name, developed a business plan and even selected a mascot. He knew that he needed to obtain financing to bring his dream into fruition. He decided that he would like to self finance his business at least as much as possible. He made a list of all of the equipment he needed.

After shopping around, he found a van for a very reasonable price, though it needed to have some modifications made. He also needed a computer and office supplies. Once he had a list of everything he needed. He calculated the startup budget, he decided that he could raise the money by working a part time job for six months. He got additional funds from the potential employees he scouted making the partial partners in the business. Soon they were up and running.