The business world has become fiercely competitive in recent years. Globalization, outsourcing, and the internet among other economic factors, have made it increasingly difficult for businesses to survive, anywhere. This change is amplified in the Haredi community due to its unique characteristics:
1. Large family size=increased need for income=more small businesses
In 2009, the average fertility rate for Haredi women was 6.2 children. In such large families there is a growing need to find another source of income. With a very small percentage of Haredim professionally educated and trained many open small businesses as an additional source of income. This phenomenon has multiplied the number of business competing for the same customers.
2. Lack of higher education= lack of basic business knowledge.
Some 10% of Haredim have higher education: 6% of Haredi men and 14% of Haredi women.
3. Lack of support = no community resources to provide professional guidance
The tragic results of bankruptcy to the business owner, extended family and to the community, amplifies the vital need for Mesila’s business services.
Mesila’s Business Division is at the battlefield front, fighting to allow existing and potential businesses to succeed.
Thanks to Mesila’s Business Division:
· 1400 business have received help
· 400 business owners have received professional training (frontal & training kit)
· Rate of Satisfaction for Business Division services: 85 out of 100
How do we do it?
Mesila’s highly professional team of MBAs, motivated by a passion to help Am Yisrael, empower business owners to be financial independent through three services:
1. One time business consulting session
Business owners – present and future – can receive free, one-time consultations. A panel of Mesila’s professional business consultants evaluates existing and potential businesses objectively and offers their owners professional, workable, written recommendations in the areas of finance, achieving /increasing profitability, marketing and infrastructure.
2. Business Counseling
The objectives of ongoing counseling are to help solve strategic business problems and to “professionalize” owners to enable them to achieve financial independence.
The program ranges from 3 to 6 months and includes building a strategic business plan, implementation, on site visits and employee training.
3. Business Management Training
· Business Management Kit
Based on years of extensive experience counseling businesses, Mesila produces a professional Independent study kit called tachlis l’asakim. This guide covers the major principles of correct business management, equipping business owners with the skills and knowledge necessary to run a profitable business, including the areas of marketing, financing and employee management.
Each kit contains 2 CD’s with lectures, a guide book and the Mesila Guide to Budgeting.
· Business Management Course
A comprehensive business management course geared for potential and existing business owners. This course is taught using materials developed from our extensive counseling experience.