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|The Facts of Business Life: What Every Successful Business Owner Knows That You Don't (book) by Bill McBean|
Bill McBean - (SKU#: NM43876)
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What Every Successful Business Owner Knows That You Don't
Book - Hard Back
by Bill McBean
"Bill McBean has both the experience and the acute insights to give entrepreneurs the must-know basics in an easy-to-grasp way. He does just that with "The Facts of Business Life, "which provides an invaluable 'long view' on what it really means to be an entrepreneur. Businesses, like civilizations, have particular life cycles. This is the first business book I know of that is structured around the customary life cycle of a company and the skills required at each juncture. I especially like the author's thoughts on 'building-in' your exit strategy early on."--Steve Forbes, Chairman and Editor-in-Chief, Forbes Media
Being a successful business owner means more than knowing one's industry and understanding the basic concepts of leadership, management, or operations. It means being able to master many areas of business, and knowing how each of these areas relates to and builds on the others. It also means understanding how those areas change 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 the kind of long-term understanding that is the key to true and lasting success.
Written by a successful businessman with four decades of ownership experience, the book covers the seven facts of business life that every successful business owner knows: "If You Don't Lead, No One Will Follow," "If You Don't Control It, You Don't Own It," "Protecting Your Company's Assets Should Be Your First Priority," "Planning Is About Preparing for the Future, Not Predicting It," "If You Don't Market Your Business, You Won't Have One," "The Marketplace Is a War Zone," and "You Don't Just Have to Know the Business You're In, You Have to Know Business."
Devoting one chapter to each fact, the book explains what it is, what it means, and,
most important, how it can help entrepreneurs achieve success and avoid potentially harmful mistakes. Equally important, each chapter enables readers to not only understand the facts on their own, but also how they impact on a business as it passes through each of the five levels of every successful company's existence: "Ownership and Opportunity," "Creating Your Company's DNA," "From Survival to Success," "Maintaining Success," and "Moving On When It's Time to Go."
BILL McBean spent many of his nearly forty years as a successful business owner in the automobile industry where, among many other achievements, he purchased several underperforming dealerships and turned them into a successful business enterprise with yearly sales of more than $160 million. Since selling the company to the world's largest automotive retailer, AutoNation, McBean has been involved in several new businesses, including McBean Partners, an investment and business mentoring company, and Net Claims Now, which provides administrative services and support to the restoration industry.