Over the course of my career, I have seen a lot of entrepreneurs rise and fall. I have taken a deep gander in the Israeli business ecosystem and have been amazed by how it works. Upon looking at how the Israelis carry out their business, there is a lot to learn from their culture. The elite mentality and overall business structure has played a very vital part of the country being one of the hubs of technological startups in the world. In fact, when you look at the statistics, Israel can be rightly termed as the startup heaven in today’s world. So, in this article, I will highlight 3 basic things that everyone can learn from how the Israelis conduct their business so that they can learn a thing or two from it.
Make the Best Out of the Worst Situation
If Israelis are good at one thing, it is endurance. And when it comes to making a business venture successful, endurance plays a very important part in it. Even after being exiled from their native land and being persecuted for ages, they have still made a name for themselves as a top nation. As it is in their blood to stand resilient, it helps them a lot when it comes to opening a business. It’s in their nature to prepare for the worst, and you can learn a lot if you take a close look at their startups.
It is in the nature of Israelis that they are blunt and to the point. They don’t beat around the bush and decide everything beforehand when committing to a business. Being transparent can help a lot if you are starting a new project. For example, if you are employing a contractor for a business, you can use estimate forms to turn the relationship between you and the contractor a bit more casual. It will help you tackle any problems in the future and avoid any unnecessary troubles. With an estimate form, you will have total transparency when it comes to starting a project, and everything will be predefined so that you know what you are getting into.
Value Your Community
Another thing you can learn from the Israeli business culture is how much they value their community when starting a business. In most countries like the US, the entrepreneurship culture strives more on individuals rather than focusing on the community. When you take a look at the Israeli culture, you can sense a culture that is socially oriented, where everyone feels a prevalent sense of responsibility to help the other person. It can be a very great thing for someone who is just starting out a business. Most of the time, the success of a business highly depends on the connections you have. There a cycle of success amongst the Israelis where the veternes help young entrepreneurs, and they, in turn, help the next generation. Israel is like this one big school where every businessman is a teacher who is ready to lend his hand to the other person.