Is Carl Allen a scam? Should you join his Business Buying Accelerator Course?
It claims to teach you how to buy an established and profitable business using other people’s cash, but is that really possible?
As an Internet entrepreneur, I’m in a good position to share with you everything I know about the program. Over the years, I’ve reviewed hundreds of digital courses, software and even MLMs.
In this review of Carl Allen’s Business Buying Accelerator, I’m going to cover the following topics:
Who is Carl Allen?
Carl Allen is the CEO at Ninja Acquisitions. This company specializes in helping small and medium businesses with their merger and acquisitions needs, and also assists with capital fundraising.
Carl is a seasoned pro in the game, with a 24-year track record working for big shots like Bank of America, Forrester, Gartner, and Hewlett-Packard.
He’s seen it all, analyzing thousands of businesses across 17 countries. And guess what? His company has already been a part of over 250 acquisitions and 100 capital fundraising projects.
What is Business Buying Accelerator?
Business Buying Accelerator is a highly questionable “training program” that purports to teach entrepreneurs how to buy an established business without using any of their own money. The course is supposedly meant for those who are dissatisfied with their 9 to 5 jobs and are looking to enter the world of franchising or business consulting, however, it’s not entirely clear if these promises are credible.
The program, as described by its creator, Carl Allen, is a one-of-a-kind service that provides a step-by-step implementation guide allegedly demonstrating the methods he has used to acquire multiple businesses in recent years. Whether or not these claims are accurate, and if the methods taught in the program are legitimate, remains to be seen.
Business Buying Accelerator Course Modules
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 your 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 are 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 analyze 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
This module 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 your 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 to 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.
Who is Business Buying Accelerator for?
The Business Buying Accelerator claims to offer an easy solution for those looking to become their own boss, even from home. But is it too good to be true?
Is it really a viable alternative to starting a business from scratch or purchasing a franchise?
Carl suggests that even existing business owners could benefit from the accelerator, by increasing their revenue through complementary enterprises.
However, is this accelerator just a way to entice those fed up with their 9 to 5 job, offering a false sense of control over their future?
I’ll give you a brief overview of the pros and cons.
1. Step-by-Step Techniques
The Business Buyer Accelerator course is designed to show you exactly how experienced professionals in the field operate. You can easily adopt their methods to purchase profitable businesses without having to invest any money.
2. Learn at Your Own Pace
The entire training program is delivered in one go, which means you can work through it at your own pace. No need to worry about falling behind or being held back while waiting for the next installment.
3. Quick Support
If you have any questions, you can reach out for help via quick reply support email. Don’t hesitate to ask away!
4. Legitimate Earnings Potential
This is a legitimate and authentic method for anyone to legally become self-employed and earn real income. You can grow the business, keep it running, or sell it for a profit, then rinse and repeat.
1. Investing a Lot of Money
Starting a business from scratch can be less expensive than buying an already established one, especially if you go for a smaller investment first and gradually grow over time.
On the other hand, buying an existing business can require a significant sum of money, even if it’s considered cheap in its industry or operates solely online. Profitable businesses, in particular, tend to be more expensive, while businesses with a higher risk or those that need an upgrade in technology or equipment may cost less.
2. Inheriting a Bad Reputation
When you purchase an existing business, you also inherit its reputation, good or bad. If the business has a poor image in the community or negative reviews online, it can be challenging for new owners to turn things around. New management will have to work extra hard to exceed customer expectations and may not even be able to raise prices to keep up with competitors.
Before buying an established business, think about the effort it will take to change its negative aspects and take that into consideration in your decision-making process.
3 Things To Consider Before Buying An Existing Business
So, you’re thinking about buying a business? That’s awesome! But before you sign on the dotted line, it’s important to make sure you’re not just buying a pretty facade. Here’s a quick and casual guide to help you evaluate a business and make an informed decision.
1. Check out why the owner is selling
Before you fall in love with the business, find out why the owner is selling. Are they retiring, or do they just want to get out of the daily grind? Knowing the reason for the sale can give you insight into the business’s future. It’s also a good idea to ask about how much time the current owner spends on the business, so you know what you’re getting into.
2. Take a closer look from the Inside
One of the best ways to evaluate a business is to spend some time working there. Shadowing the owner for a few days or weeks will give you a feel for the company culture and the level of training of the employees. It’ll also help you determine if the business is a good fit for your managerial style.
3. Assess the financial health of the business
When you’re thinking about buying a business, it’s crucial to understand its financial situation. Make sure you get an independent financial evaluation, and consider consulting with accountants, tax experts, and legal advisors. Organizations like SCORE can also provide a mentor to help guide you through the process.
Is Carl Allen a Scam?
Carl is definitely not a scam artist. He knows his stuff when it comes to buying businesses. However, just because he’s an expert doesn’t mean I’d recommend his course.
In my opinion, his course promises to teach you the ins and outs of buying businesses, but it’s not as simple as it sounds. Doing research on private companies can be a real headache, since there’s often not much information available. It’s tough to figure out if a company is a good investment.
The whole business model revolves around having access to information, which can be expensive. It’s kind of like stock trading – there’s a lot of risk involved. So, unless you’re loaded, this course might not be for you. It’s not the magic solution to quitting your 9-5 job like the course claims. It’s really just a way for wealthy folks to grow their wealth.
If you’re looking to leave your 9-5 job and start your own business, I’d suggest going with something simpler, like affiliate marketing. I’ll tell you more about that in the next section.
Is there a better way to make money online?
So if you really want to make a stable and secure stream of passive income, I would suggest you start 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 a 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, and access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you register a free account and see it yourself.