The book, The Monk and the Riddle' by Randy Komisar draws insights about entrepreneurs from the writer's experience. Komisar presents advice and certain must dos' for anyone wishing to develop a successful business venture. His story is developed with interesting characters who must find truths about themselves. He poses a few questions from his personal experience to entrepreneurs, which they must answer truthfully before and during the business development process in order to be efficacious.
Normally people become entrepreneurs in different fields mainly for profit. Passion is a driving force towards entrepreneurship.
As it is the theory in business, being an entrepreneur encompasses identifying business opportunities from various sources like interests, passion, brain storming ideas and print media. The key driving force to establishing an own business is primarily to make profit in that fields where one feels that the existing market has not fully covered. Komisar states that there should be a stronger driving force towards entrepreneurship but not money. According to him, a business should not be established as a means to an end rather, it should be built for the rationale of building it and making a constructive impact not just for the victory and reward.
[...] According to Komisar, passion should be the key driving force for setting up any venture. One of the characters used by Komisar in the development of his story is Lenny. Just as presented by Randy, Lenny is a typical pushy-salesman-suit who sells caskets cheaply online. Lenny depicts the person who is in business, not for the passion but for the sole purpose of making money. He is more of an opportunist who sees an open profitable opportunity. Komisar is not impressed by Lenny's pitch of setting up Funeral.com. [...]
[...] Failure does not really matter provided one is determined to work towards their passion. Purpose is a greater purpose to work towards since it motivates an individual especially in case of failure. He also learns that living a meaningful life encompasses working hard, working passionately and applying the most precious tool, which is instant to what, seems more meaningful. In his interaction about venture capitalists, VCs, Lenny learns that venture capitalists have a role in the startup process of businesses. [...]
[...] Randy thinks he could help Lenny in the initial stages of establishing his business before letting him run the business from his personal experience. What mostly matters to Randy is to help prospectus entrepreneurs identify their areas of passion (Komisar, 2000). The deferred life plan is a concept that the writer uses to challenge some of the societal norms. The deferred life plan identifies two key steps towards life. Step one: Do what you encompass to do and step two: do what you want to do. [...]
[...] Monk and the Riddle' by Randy Komisar Monk and the Riddle' by Randy Komisar The book, Monk and the Riddle' by Randy Komisar draws insights about entrepreneurs from the writer's experience. Komisar presents advice and certain must dos' for anyone wishing to develop a successful business venture. His story is developed with interesting characters who must find truths about themselves. He poses a few questions from his personal experience to entrepreneurs, which they must answer truthfully before and during the business development process in order to be efficacious. [...]
[...] From the analysis of the riddle posed by Randy, entrepreneurs can identify viable ideas from their passion and work towards them instead of living according to the deferred life plan. One does not need to work for what does not interest them in the crucial part of their life, only to retire and start working towards their passion. Hence, forth, one should apply the art of creating life while making a living (Komisar, 2000). Bibliography Komisar, R. (2000). The Monk and The Riddle. Boston, Mass.: Harvard Business School Press. [...]
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