By analyzing a sample of 525 Italian companies, the study examines their level of resilience during the first wave of COVID-19. Our main objectives are twofold. On the one hand, we want to determine how the level of business resilience, as measured by specific indicators, can contribute to reducing the time-to-recovery (TTR). This will provide insights into the relationship between the recovery time of business flows and the stability of business performance during a disruption. On the other hand, from the perspective of managerial decision-making, we aim to identify practices that can improve the level of resilience of business operations.