The Business Monk-ing

A Business Monk recognizes the distinction of “busyness” and business.

Ironically and etymologically, the word business is derived in the same way as ” Bisignis” in early English meaning “anxiety,” and in middle English changed to “busyness,” meaning occupied.

A business monk is aware that as time passes not only the word itself, but also the meaning behind “business” has also changed.

Nowadays the business world is no longer seeking ways to earn more and more about establishing initiatives that create prosperous societies. Also, it is less about the amount you will earn and more about the difference it can bring about.

A True Story

There was a young businessman who was determined to contribute to the improvement of the colonial era of India. His entrepreneurial journey started at a time that was not the best for a native young man to establish a business within the Indian subcontinent.

It was the year 1868. the man was 29 years old, had knowledge of working in a smaller company. He then started an investment company that had an investment of Rs. 20,000 (about $350). Then , he was awarded the chance to England which is where he discovered a lucrative business opportunity: textile.

The young man was convinced of the immense potential of textiles, as well as the unique opportunity to make an end to the British trade in textiles. He took the initiative by purchasing a decrepit oil mill within the heart of the City of Bombay (now Mumbai, India), and transformed the business into a cotton-producing plant.

After operating the business during two consecutive years, the owner took the mill off the market for an enormous profit, and then took his next plunge. He traveled to England for the second time and conducted an extensive study of the Lancashire cotton industry. The young man was aware that it was an uphill task to reach the quality of machinery, men and the output that mills produce in England however, he was determined.

This young man believed sure that he could recreate everything in India. Contrary to the norm of creating companies in Bombay this young businessman decided to relocate his business to Nagpur. The reason for his decision was three important factors:

  • Close proximity to cotton-growing regions
  • Improved access to trains
  • An endless fuel and water supply

A city called Nagpur located in Central India was a perfect match for these requirements. Success followed success as the high school student was in a position cotton production to the highest level.

At the height of his popularity He pioneered welfare for workers initiatives, something that was unusual during the reign of the empire.

He was never stopping. It was the busiest period in his entire life. It was, in hindsight, the most meaningful time in his life. This is because apart of running a successful mill and a successful business, the man, aged 77, was taken by three brilliant ideas that would change the direction of India’s economic and industrial destiny:

  • Establishing an iron-and-steel business on the subcontinent
  • Generating hydroelectric power and,
  • A world-class education system to teach Indians in science.

Even though the man was not alive for long enough to see these ideas grow into reality, the seeds he sown and the work he performed and the determination and determination he demonstrated ensured his ideas were carried on to succeeding generations.

It is Jamshedji Nusserwanji Tata, the creator of the Tata Group in India which has a current market value of more than 7.5 trillion Indian rupees . While for the rest of the entire world he was the very first chairman for one of the most sacred international organizations for me, he was more than a visionary business executive, Jamshedji Tata was a monk who devoted his life to bring about an oceanic transformation to the daily lives of Indians.

However, you’ll want to ask whether the idea of a monk old-fashioned and, if so, why would anyone still be interested in achieving this?

The answer is in the statistics. Business experts claim that more than 50% of companies fail within the five-year milestone in United States, and that about forty percent the startup failures are caused by the wrong match, closely followed by 38% because of a the lack of time or involvement.

(Source: https://neilpatel.com/blog/7-signs-not-cut-entrepreneur/)

It’s a race in the world of business, and having run four businesses over the course of 30 years, I am able to affirm with 100 100% certainty I believe the best way I was able to succeed was to believe that I was creating companies that will benefit society by creating positive change.

Making an Impact

Have you ever considered what it could be like if you were all part of of making an impact?

The first step I take when evaluating an possibility is to ask myself the following question What if someone else was looking at my company and the fundamental values were aligned with the business, and they decided to sign to the idea, how would that interaction affect their life?

It’s the force which has driven me to establish numerous businesses and to decide on which projects I would like to drop.

I’ve had the chance to collaborate with some remarkable people who were doing great things, but I realized they were not going to be able that we could agree on our values because they were making money while creating harm for others.

Accepting these initiatives would cause an ongoing rift that would have caused me to be unhappy and created a unhappy company. As a business coach , I often tell clients that a company isn’t built by money or by clients, it’s built by its employees who are happy, content people , people who be willing to contribute to the development of the company.

There are many people in the same boat as I am, and are seeking advice. One of the first things I advise people is to remember that this isn’t simple. It takes a lot of effort. It’s not enough to read one book and then be done with it.

It’s a cycle of improvement, in which each of us has a role to take on.

We live our lives doing something we don’t like in order to find reasons that will bring us happiness. But, the truth is, happiness doesn’t come like this.

Happiness is all about taking your time and doing what is meaningful to you. This to me is business monk-ing.

The fact that I have followed my heart in all of my choices has made me recognize that, in the end we’re all part of an interdependent community which requires us to be aware of the needs of others and needs, and that’s the best way to achieve success.

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