If you have a great business plan at hand but lack the funding required for the initial investment, then it is a great idea to approach a private business angel for help. Business angels will take care of the initial investment, in exchange for the ownership of a percentage of your business.
You must be wondering who these people are. Well, business angels are successful business owners who are running a number of successful businesses of their own. They invest in new businesses being started by aspiring entrepreneurs in exchange for the ownership of anything between 5% and 25% of the business. They claim whatever profits are made form their share of the business. You can find them through an investors network online.