Our study aims to enhance the understanding of how minority-owned SMEs can build resilience by exploring organizational, motivational, cognitive and networking capabilities. To this end, we analyze the relationships of the firm’s resilience with its flexibility, represented by its entrepreneurial orientation, its stability, manifested as the extent of its management practices, its generative work environment, and its embeddedness in mainstream and minority networks. Analysis of a sample of Arab-owned SMEs operating in Israel reveals significant positive effects of entrepreneurial orientation and management practices on resilience, with entrepreneurial orientation exerting a fivefold stronger impact. Finally, the embeddedness in mainstream stakeholder groups-- customers and financiers -- increases resilience, while higher embeddedness in minority stakeholder groups decreases it. Our findings integrate multiple realms to inform the SME owners and managers in terms of the balance between their investments in flexibility and in stable operations.