The BASIC Ph Model – An approach for building business resilience for entrepreneurs and small -medium business owners

The BASIC Ph model (Lahad, 1992) has been used among various populations. Usually the model has been implemented to help build personal and organizational resilience. Up to now, the model has been applied mainly in the behavioral sciences, in the psychosocial world. Social workers, psychologists, educators and other caregivers have been trained to teach it and practice it. The world of small and medium enterprises (SME) has generally ignored the psychosocial aspects and has had little if any interest in it. However, it is natural and logical to integrate SME methods and those focusing on self-empowerment and enhancement of the human mind in order to bring a breath of fresh air into the field and to move resilience forward in SMEs.