Being a successful business owner means more than knowing ones industry and learning about one or two business concepts, such as leadership or motivation. It means being able to master many areas of business, and knowing how each of these areas relate and build on each other. It also means understanding how each of these areas changes as a business goes through its inevitable life cycle, and how the owner must be prepared to change with them. The Facts of Business Life is the first book designed to provide readers with the means of achieving long-term understanding and success. The book looks at the important moments in the evolution of a business. For example, McBean details the the proper way to exit or sell a business. Selling a successful business, turning it over to a family member, or simply closing it down should be the highlight of the owners career because it represents the attainment of his or her goal. In fact, itsonly owners who walk away on their own terms, at the right time, who are better off than when they started, and have the satisfaction of having built businesses and changed the lives of others, who have had truly successful careers.