Review of Komisar, R. (2000, 2001). The monk and the riddle: The art of creating life while making a living.

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The Monk and the Riddle

        Randy Komisar has put together a thought provoking narrative that asks the question, “What would you be willing to do for the rest of your life?” He has given us a rather in-depth glimpse into the world of venture capitalism and entrepreneurship, part fictional and part reflection, on his successes and failures in business throughout the years.  Konisar gives us a definition of what he terms as the “Deferred Life Plan,” which is to:

                

                Step one:  “Do what you must do.

                Then, eventually-

                Step two: “Do what you want to do.”

Konisar gives us a view of the Deferred Life Plan as it pertains to today’s young up-and-coming entrepreneurs in search of the next big “get rich quick” scheme, usually in the form of an internet service or enterprise. Konisar introduces us to “Lenny,” a young aspiring entrepreneur with another empty idea for selling caskets on the internet. What started as an idea for a service that would help people who were grieving the loss of a loved one wade through a painful process as painlessly as possible, had deteriorated into nothing but a way to get past the first step of the Deferred Life Plan and on to what Lenny truly wanted to do with his life. Lenny is only one of many people, Konisar included, who have fallen into the trap of doing what is necessary to bring in a pay check.

        Along the way, Konisar gives us some valuable insights into the world of entrepreneurship and start-ups from the inside. He takes us on a fascinating journey through his own life as a “Virtual CEO” and mentor to a number of people looking for guidance and direction as they embark on a new venture. He uses his own experiences as a way to impart knowledge when necessary and admits that he himself has made more than a few wrong turns and fallen into some of the traps that he describes. He explains how difficult it is for some aspiring entrepreneurs to differentiate between “Brave New World” startups – in which there is “no existing market or competitors, and no precedents to guide them,” and those that fall into the category of “Better-Faster-Cheaper,” that simply strive to enhance or improve upon an existing business, service, or idea. He also defines the three types of CEO: One who raises the money, leads the core team, and provides clear vision. The second is responsible for finding the market and building the operating team. And, finally, the third CEO leads the team as it and the responsibilities grow. All three CEO’s are of equal importance to the company.

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        When I began reading The Monk and the Riddle, I thought it would simply be a “how to” book on entrepreneurship. Instead I was treated to an almost philosophical study on how to live your passion through your work. To say I was intrigued is an understatement. I must admit to some surprise when I read about the Deferred Life Plan because I had attributed that way of thinking to, well, people like my father who worked for the same company until he retired and wondered why my generation kept changing jobs, not taking into consideration that some of those ...

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