Looking after your own wellbeing and resilience in business

Written by
MBS Advisors
Published on
March 10, 2022
When you’re busy running a business, it can be easy to overlook your own wellbeing and mental health.
Stress can have a serious effect on your ability to function and you can’t make consistently good decisions and lead your team if you’re under a weight of pressure or struggling with poor mental or physical health.
So let’s take a look at being resilient in the face of challenges and effective ways to support your own wellbeing.

Dealing with pressure

There are 2 key steps to handling a tough situation:

  1. Recognise – take a step back to work out what’s causing the issue, whether the situation is exceptional or something that regularly causes problems.
  2. Respond – try to respond when you are calm, can triage the situation, and decide if you can handle things with extra effort or assistance, or if you need more help to navigate a solution. Sometimes, If a situation is toxic or unsustainable, walking away may be the best option.

Developing resilience

Research shows there are a lot of things you can do to build resilience, both physical and mental. Getting regular exercise, ensuring you eat and sleep well, and making sure your work practices are safe will help minimise stress and your ability to deal with it. Mental resilience involves learning behaviors, thoughts, and actions that enable you to change the narrative, face fears, and seek help when you need it.

Try doing 1 thing differently

Building positive habits is the key to effective, sustainable change, but rather than making an impossibly long list of changes, try just changing one thing in your regular routine every month, such as getting more exercise, eating more fruit or vegetables, meditating, practicing gratitude, or volunteering at a cause you care about.

Share this post
Blog

Explore our latest articles

Enjoy our latest news and blog posts

5 min read

GST Special Alert – What do I have to do before 1 April 2023?

New rules on GST invoicing apply from 1 April 2023. Make sure your business is ready to cope with the changes. Even though the new GST invoicing rules still allow ‘tax invoices’ to be issued after 1 April 2023, make sure you think about: Your accounts payable processes. Do...
5 min read

Keeping up with Fringe Benefit Tax (FBT)

As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits. So, when are you liable for FBT? Any time you provide non-cash benefits to your staff. The list is potentially...
5 min read

What is ACC CoverPlus Extra?

If you are self-employed or a contractor you have two options for your Accident Compensation Cover - Standard CoverPlus (CP) CoverPlus Extra (CPX) You’ll automatically be placed on CoverPlus (CP) and Inland Revenue provides ACC with a summary of your earnings from your income tax return (IR3). This information, combined...

Stay updated and sign up to our newsletter

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.