Buying a Business With Little or No Capital: A Practical Guide With $0-Down Strategies [Paperback]

Rudy LeCorps (Author)

Book Description

Publication Date: June 1, 2002

The material in this book is based on the writers' experience as investment bankers, executives and business owners, and relate very practical, step-by-step proven techniques, successfully used to purchase businesses using either a very small amount or cash, or no money at all. Anyone who reads this book will gain all the knowledge necessary to find, finance and buy a business using the guide's step-by-step $0-down strategies. Because financial independence can only be obtained through the ownership of businesses or income producing assets, those who aspire to become financially independent will benefit greatly from reading this book, which truly teaches how to acquire businesses with very little or no cash.

Editorial Reviews

Review

The book has helped tremendously when I was looking around to buy my first business. I strongly recommend it. -- P. Alexis, G&M Associates, March 21, 2002

This guide has truly been a great help. Worth reading two or three times. -- A. Daniel, Business owner, November 5, 2002

From the Publisher

Here are some of the benefits of buying this book:

a) User id, password and domain name information to access the Publisher's FREE online course
b) Introduction to sellers who prefer to receive larger long-term payouts instead of a down payment and smaller monthly payments
c) Eligibility to receive financing from our investment fund when you purchase your business. This is a private investment fund that invests solely in businesses purchased by those who have read the book and signed-up to review the additional online material
d) Unlimited e-mail consultation about businesses that you are looking to buy
e) Lifetime membership to the web site and all its content Constantly updated information posted online to supplement the book
f) Free online forums and chats with industry experts
g) A wealth of free resources from our online library (Course Documents section), including transaction documents, Due Diligence checklists, Valuation spreadsheets and no-money down strategies (all of which also included in the appendix of the book)

See all Editorial Reviews

Product Details

• Paperback: 192 pages
• Publisher: RGL Learning (June 1, 2002)
• Language: English
• ISBN-10: 097441560X
• ISBN-13: 978-0974415604
• Product Dimensions: 8.2 x 5.1 x 0.5 inches
• Shipping Weight: 7.5 ounces (View shipping rates and policies)
• Average Customer Review: 2.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #518,738 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

23 of 24 people found the following review helpful:

1.0 out of 5 stars Worst Self Help Book I have Ever Purchased, April 8, 2004

By A Customer

This review is from: Buying a Business With Little or No Capital: A Practical Guide With $0-Down Strategies (Paperback)

This is by far the worst self help book I have ever purchased. To put it simply, this book is titled incorrectly. There is only one chapter, 15-20 pages, on financing a business. At no point does the author explain in detail how it is possible to purchase a business for little to no money down. As a matter of fact the author continuously mentions that you need a large cash source to purchase and run a business. If you are looking for an EXTREMELY basic book that outlines the process of buying a business this is for you. If you are looking for a book that will explains how to buy a business with little or no money down, look elsewhere.

3 of 4 people found the following review helpful:

1.0 out of 5 stars Find better information online, May 14, 2006

By 

P. Harper "P-Dowg" (Milwaukee, WI) - See all my reviews
(REAL NAME)   

This review is from: Buying a Business With Little or No Capital: A Practical Guide With $0-Down Strategies (Paperback)

I'm not even going to go into how basic and well... bad this book is. I recommend you go search some free websites on how to buy a business, you will learn everything that's in this book and more.

2 of 4 people found the following review helpful:

1.0 out of 5 stars Shallow Effort, July 29, 2006

By 

Dan Brogan (Minnesota, USA) - See all my reviews
(REAL NAME)   

This review is from: Buying a Business With Little or No Capital: A Practical Guide With $0-Down Strategies (Paperback)

This book is incredibly shallow and I regret that I bought it. I didn't expect it to be the best book ever, but I thought it would at least be decent or that I might get some good ideas from it.

The comments from publisher make the book sound well thought out, insightful, and helpful. I should have paid attention to the reviews from other readers and saved my time and money. Its only saving grace is that it is a quick read.

The book makes claims and assertions without citing any sources or authorities and that in some cases were the opposite of my experience. For example, the book claims that no one would even think of buying a house without a lawyer, so we should get one to buy a business. Securing the services of a lawyer to buy a business may be good advice, but the book's reasoning is faulty. I have bought four houses and sold three in three different states and I never used a lawyer. No realtor I've ever worked with suggested getting a lawyer. I suppose some people do for complicated transactions or maybe it's customary in certain parts of the country, but I've never known anybody to use a lawyer to buy a house. Little things like that detract from the credibility of the book again and again.

I found the book's frequent grammatical flaws and heavy use of the passive voice distracting. The book makes reference to exhibits that never appear or that show up elsewhere. The exhibits that are in the book have poor explanations and are weakly referenced. I could not get the numbers in one exhibit to add up. Also, the book at times contradicts itself. In one section it advises the reader to never go to friends or family to help finance a business. In another section, it says to do just that. It doesn't really give you any practical ideas or ways to implement them. The few ideas the book does give are so basic that it appears that the author is simply trying to capitalize on a few experiences he has had and make a book and a quick buck out of them.

I felt like the book was the equivalent of something an average high school student might have written who had procrastinated a big assignment until the night before it was due and then tried to throw something together at the last minute.