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

Entertainment Expenses – Income Tax and GST

The rules and exemptions for entertainment expenses can be complex. If you're not sure, check with us on common types of expenses and their tax treatment. As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Some examples...
5 min read

2020 Bloodstock Yearling Sales

Ellerslie Races The Auckland Racing Club (ARC) meeting on Saturday 25 January 2020 at Ellerslie Racecourse signals the start of a busy week for the Thoroughbred Racing Industry in New Zealand. This is then followed by the week long Karaka Yearling sales. The ARC hosts a 6 race meeting, headlined...
5 min read

Want to Save Money? Look at your Expenses.

Running a business will always mean incurring certain expenses, or ‘spend’. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position. This can make it more difficult to grow and make a profit. So, what can you...

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.