Lean, agile small businesses and consumer confidence are the keys to economic revival, says a prominent entrepreneur.

Consumer confidence and lean, agile small businesses are the keys to economic revival, says a prominent entrepreneur.

Will Davies, co-founder of property management concern aspect.co.uk says that small businesses have to be able to 'adapt to the market and make the most of the opportunities that are out there.'

He adds, 'All markets are affected by confidence. Consumers have to spend money on goods and services if we are going to boost the economy and businesses have to be confident enough to invest in their futures.'

Davies finds that the market for his own company is as strong now as it has been at any time over the last five years, due to the 'opportunities created by a recession'.

'People don’t expect to be able to sell their house; they don’t expect to be able to move, so they are spending money on improvements,' he explains.

'Small businesses and entrepreneurs have to make sure that they are delivering a service that people still want to buy during these tough times.'

See also: Flexibility breeds productivity