The short answer is yes.
The long answer is yes- it gave me a direction, hope, and a flashlight; but I still have a ways to go.
The book was shorter than I expected (see picture) but very succinct. Tips and tidbits are prioritized, organized, and distilled into 75 pages that takes just an hour to read. I think a lot of the information is gold and I intend to put it in action. My favorite parts were about building passion and the importance of producing a large amount of work. The section on finding your own style would have been even better if it were emphasized more. Personally, I was also looking for some more hard instruction and numbers on how to deal with the business side of an artist- managing clients, setting prices, etc. Bobby does cover these topics, but if you are looking for specific advice or price suggestions-it's not here. This little book's forte is inpirational advice on intangible issues (morale, success, attracting clients, drive and determination, etc). It is a great little pick-me-up for artists trying so hard to make it but it is not the bible in-and-of-itself of being an artist. It's a little peptalk artist-to-artist.
It has inspired me, however, to bounce up after reading it, draw a million mermaids,and then take a trip to my nearby bookshop and buy a few supplementary books so I can keep researching!
my top tip I took away from The Perfect Bait: stop feeling sorry for yourself- get up and make a lot of art!
If you are interested this book is available at theperfectbait.com
Here is Bobby Chiu's website: http://www.imaginismstudios.com/