6 factors to determine your chances of 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.
As cost pressures rise and more owners face challenges with their business in 2017, it's important that a business owner suffering from a financial blip doesnt perceive them as a precursor for failure. more»