I love the author's ebullient enthusiasm and clear intent to motivate and inspire his readers. However, this third edition was updated in 2006 and even in 6 years this book has become outdated and is lacking INTEGRAL information. I am an actress who recently finished my degree at USC and my school has tried to prepare me for the realities of the show business industry in a way that many theater schools do not. I have been fortunate to meet many casting directors, agents, producers, writers, and young working actors through my school's many resources and I can say that based on my firsthand knowledge, I found the information in this book to be staggeringly limited.
This book does not cover self-submissions or casting websites (it only mentions a site called "[...]" which does not exist/is a website that has nothing to do with breakdowns), it does not cover personal branding and self-promotion, and doesn't go in depth enough regarding means of finding representation, the pros, cons, and differences about agents and managers, is not detailed enough about how to find "money jobs," or which areas/neighborhoods are good/bad to live in. It gives a basic overview about casting workshops and showcases, but as important as those are to actors just starting out, I think more coverage of those topics (which lead into finding representation, which is your #1 goal starting out and can make or break your experience) is necessary.
The BEST parts of this book are the last chapters--"Creating a Positive Experience" and the later interviews with people in the industry. That said, many of the industry interviews in this book are with people who have good advice but aren't YOUNG, or up-and-coming. I think that is a relevant perspective that is starkly absent from this book.
This book is a fine jumping off point if you're right off the turnip truck/know virtually NOTHING about the industry or LA. If you have even a basic understanding of the city and the business then this book is a little bit.... rudimentary.
A better book is "Hit the Ground Running" by Carolyne Barry: Hit The Ground Running The Smart Actor's Guide
While I disagree with plenty of her advice and opinions, I think this book is more relevant and up-to-date. I'm certainly not saying to follow this book as a Bible... but at least it's a more current guide.