47 of 49 people found the following review helpful:
4.0 out of 5 stars
Good but missing an important element..., November 10, 2006
This review is from: Billionaire In Training (Instant Success Series) (Paperback)
I have to say that after starting and owning two multi-million dollar businesses that Bradley Sugars knows what he's talking about. His books are the closest you'll get to actually getting the information you need to get started.
However, two things disappointed me about this book:
1) He states that you can't start a business with no money. This isn't true. I've done it TWICE. I started my first publishing company with a few hundred dollars. Within two years it became a $2 million per year empire. My second company was started with a few thousand dollars. Within 4 years it became a $5.4 million dollar empire. In my first fiscal year I grossed $566,000. You don't need money to make money. You just need to know what you're doing.
2) The whole premise of this book is to buy, build, and sell a business. You can't buy a business with no money. Even if you can swing a no money down deal on a business, you need money to build it. Even he admits that you need about $200,000 in your bank account before you consider building a business. So, how do you get the $200,000? You don't get it by working for someone. It's very difficult, if not impossible, to get a business loan from a bank. Venture capitalists will finance people with a history of business success, not a business newbie. Sugars doesn't fill in this gap. He complains that other books don't cover each step to success (business, investing, then true entrepreneurship)...but he left out a critical point: How do you get from NO MONEY to HAVING MONEY FOR A BUSINESS to even start?
This is a good book. It covers some critical information about business that I haven't seen in other books. However, it's missing a huge element (discussed above) that will be an issue for most people reading this book who don't have an extra few hundred grand lying around to start or put into a business.
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16 of 19 people found the following review helpful:
1.0 out of 5 stars
Absolute waste of money..., September 21, 2007
This review is from: Billionaire In Training (Instant Success Series) (Paperback)
This book is nothing but superfluous stuff that you can easily find on your own. No real world specific examples. He uses his books to sell you his "coaching services" and nothing more. This guy is a BS artist....save your money. Do a search on Brad sugars books on Amazon; they all have "5" star ratings....hmmm, what a coincidence! IMO, the ratings are fake, and put there by his own people.
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5 of 5 people found the following review helpful:
4.0 out of 5 stars
Buy, Fix, Sell, January 31, 2007
This review is from: Billionaire In Training (Instant Success Series) (Paperback)
Brad Sugars is a pretty well known name in Australian coaching circles yet this book is clearly written for an American market (while still being useful to Aussies!). Billionaire in Training focuses on building wealth through buying businesses, fixing or "systematizing" them and then selling them. This is NOT a book that will show you how to turn your new business idea into reality. Nor will this book tell you much about other wealth building methods - Brad repeatedly mentions you buy his other books for more info on these areas. What I did enjoy were some of Brad's thoughts on "what makes a good business and what to look for when buying" which were very in line with a lot of e-myth type of philosophies. Would have loved for Brad to say in the book that he himself was a billionaire - that would have been exciting and perhaps a bit more fitting given the title (it says however on the back cover that he's a self made millionaire).
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