Too many new entrepreneurs start off early in their pre-venture planning, by spending an inordinate amount of time and energy creating a formal business plan while being mistakenly convinced that it is the only way to finance the business. In reality, most small startups can get quite far in the startup race without ever involving professional investors. The longer you can wait, the more you will have to offer and the better the eventual deal you can negotiate. In point of fact, you may never require professional investors at all.
There are of course instances in the early life of small businesses where outside investors are absolutely essential. They can make the difference between your business even starting or not. It is an important thing to know when this is a necessity and not just the most convenient direction to go toward.
A first suggestion might be to try the methods of financing that include a variety of solid and smart alternatives. However you must possess a smart business plan that is exclusive for investors. Unless it is obvious, try some of the other methods of financing first.