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

How much should you pay yourself?

As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends. Being the boss means you get to make all the big decisions about your business – including how much to pay yourself...
5 min read

Where Are Your Hard Earned Savings Ending Up?

Return On Investment (ROI) OCR New Zealand’s official cash rate (OCR) has been at 0.25 since March 2020 and this has reduced the return Kiwis can get on bank deposits. As bank deposit interest rates are currently very low (below 1% return) with no foreseeable increase in the next 1...
5 min read

Government Announcement on Bright Line Test & other Tax Policies

The Government has announced significant changes to the bright line test along with the addition of other tax policies that will have an impact on the tax obligations of residential property owners. These changes apply to properties that are acquired on or after 27 March 2021, however exemptions apply to...

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.