Business development · 4 August 2020

6 factors to determine your chances of COVID business recovery?

Covid business recovery

New research reveals six factors that can determine the success of SMEs recovering post-COVID. These include regular training, an openness to innovation, and a clear vision.

Business bank, Allica Bankhas combined data and insight from over£1, 000uK SMEs with a multiple regression analysis to determine what factorsmost closely aligned with an SMEs? chances of’successand’separated the highest-performing businesses from their peers.These rules for success? have been compiledfrom the research datato’supportbritish businessesas they look tochart a courseto post-Covidrecovery.



Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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