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 an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.