Is Carl Allen a scam? Should you join his Business Buying Accelerator Course?
The course claims to teach you how to buy a profitable and established company by using other people’s cash, but is that possible?
There are so many scams online, so it’s a good practice to do some research before investing your hard-earned money.
In this review of Carl Allen’s Business Buying Accelerator, I’m going to cover the following to help you make a judgment:
Who is Carl Allen?
Carl Allen is the CEO of Ninja Acquisitions that specialises in Merger and Acquisitions. The company helps small and medium businesses to do capital fundraising.
Carl Allen is so experienced because of his working history in many companies such as Bank of America, Forrester, Gartner and Hewlett-Packard. Over the past 24 years, he has analysed thousands of businesses of different sizes in 17 countries.
So far, Carl Allen’s company has been involved in more than 250 acquisitions and 100 capital fundraising projects.
What is Business Buying Accelerator Course?
Business Buying Accelerator is a training program that aims to teach entrepreneurs how to buy an established, profitable business without using cash.
Carl Allen also claims that this course is also for people who are tired of their 9 to 5 jobs and interested in buying a franchise, or being a business consultant.
There are 9 modules and 3 bonuses for this course. It should take around 30 hours to finish the course:
Module 1: Pre Season Training
In this module, Carl Allen will teach you some basic financial analysis and business buying. You will learn the basic framework of business buying and establish the right deal making mindset.
Module 2: Dream Deal Specification
In this module, Carl Allen will teach you how to find the right business and make others operate the business for you. You will also know how to define your dream business and own strengths.
Module 3: Deal Origination Strategy
In this module, Carl Allen will teach you how to find business buying opportunities and build up your reputation. He will tell you the importance of building trust and credibility.
Module 4: Deal Analysis and Approaches
After finishing this module, you will know how to do the analysis so that you know if the business buying opportunities is consistent with your goal. Carl Allen will tell you how to research your target business.
Module 5: Deal Structuring
In this module, you will learn how to analyse the finance of a business and use a tool to structure the deal. Carl Allen will tell you how to determine your funding and offer level.
Module 6: Deal Financing
In this module , you will learn how to get the money to finish the deal.
Module 7: Deal Negotiation
In this module, it is about negotiation skills. Carl Allen will teach you how to negotiate the deal to your advantage and pay the lowest price.
Module 8: Deal Execution
In this module, you will understand the process such as hiring lawyers and accountants to assist you in closing the deal. Carl Allen will tell you why exclusivity is critical.
Module 9: Deal Closing
In this module, you will learn the closing process. Carl Allen will tell you when you can get your cash out of the business.
Bonus 1: Bolt-on Acquisitions
This is a bonus module. Carl Allen will teach you how to acquire complementary businesses to create the synergy effect so that you can increase the profits.
Bonus 2: Deal Ownership First 100 Days
In this bonus module, Carl Allen will teach you how to run the business well so that you can attract future buyers of your business.
Bonus 3: Be a Dealmaking Consultant
In this final module, Carl Allen will teach you how to make money as a broker for people who want to buy businesses.
Pros and Cons of Business Buying Accelerator
Pros of Business Buying Accelerator
- A unique course that teaches the step-by-step method used by Carl Allen
- Can work through the program at your own pace
- Customer support service is good
Cons of Business Buying Accelerator
- The learning curve is steep
- The business model is only suitable for few people
- Hard to implement in reality
Is Carl Allen a Scam?
Carl Allen is not a scam. He is an expert in business buying. However, that doesn’t mean I recommend his course.
His course seems to show you step-by-step how to do business buying, but in reality it’s difficult to implement.
Doing research of private companies is never easy because you don’t have much information. It’s hard to do due diligence of a private company, which has little public information online. That means it’s hard for you to know if a company is good for acquisition.
After all, the key to success in Carl Allen’s business model is about information cost. It’s like stock trading. The inherent risk of this business model is very high.
Therefore, unless you’re rich, this course is not for you. It’s not what this course claims to help you leave your 9 to 5 job. It’s a game for rich people to grow their wealth only.
If you want to leave your 9 to 5 job and start a business, I would suggest to go with a much easier business model: affiliate marketing.
I’ll tell you more about it in detail in the next section.
Is There A Better Alternative to Carl Allen’s Course?
So if you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.