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

The ‘No frills’ 2023 budget – What does it mean for you?

What’s in this Budget for the Kiwi business owner? From trust taxes to apprenticeships, to avoiding a recession, we look at the items most likely to impact you. How will the latest Budget affect your business and your household? Here are some of the changes most likely to have an...
5 min read

Minimum Wage – Issues for farming businesses in New Zealand

All New Zealand employers should understand their obligations under the Minimum Wage Act. Farming businesses can face questions that may not arise for other employers. From 1 April 2022 the minimum wage rates increase. The rates for adult workers are: Hourly: $21.20 ($16.96 for Starting-out workers/Trainees) Daily (based on an...
5 min read

Claiming Expenses for Non-Breeding Bloodstock

Taxpayers that breed horses as part of their business can claim expenses for non-breeding bloodstock that may be used for racing. If, as part of your breeding business you have bred a colt that is subsequently gelded for racing, you will need to apply to Inland Revenue to claim further...

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.