Building your resilience 

Running and managing your own business can be one of the hardest challenges of your life. The ups, the downs, the cash flow challenges, finding the right people – the list is endless. Likewise, though, are the ups in terms of success: winning the next deal, finding the best employees to help you go further and higher. However, one common trait business leaders possess, is their ability to battle through the hard times. By way of resilience – a heroic struggle that is not for all. Resilience is not something we are born with, but instead, it is something we develop during our lifetimes. Below are five essential tips on how to build your own resilience.

1. Keep a positive attitude

This is key to deflecting stress scenarios, to restructuring your pessimistic or negative thoughts. You need to ask yourself whether there is any rational basis to feel negatively about a situation. It is also important to recognise that you are in control, and as to whether the glass is half-empty or half-full. Re framing your thoughts can also help you to be positive, so you can alter the perceived value of the challenging event by accepting it and recovering from it.

2. Develop your moral compass

Altruism is strongly related to resilience – and strengthening your set of core beliefs can help. And you may have noticed that there tends to be a strong correlation between faith and religious or spiritual beliefs and resilience.

3. Find a resilient role model and develop your coping skills

Consider taking a resilient role model, such as a world leader or a successful business or sports star, so you can consider how they would respond to stress. Also consider how spiritual beliefs help towards a deeper management of challenging times. Rather than withdrawing and surrendering to your stress situations, observe the most resilient individuals, and how they use active rather than passive coping skills. You could minimise the self-questioning caused by the stress situation, by creating positive thinking, and in turn facing the fear directly.

4. Build your social network and physical fitness

Rather than going solo, it is important to build a safety net of friends and family to help you cope with stress situations. Regular exercise is one of the keys to cleansing your mind of stress – as it has been linked with improvements in mood, cognition, regulation of emotion, immunity, and overall self-esteem. Try to think of exercise as a welcome reprieve rather than a task, framing your mindset in a positive way.

5. Remember the 8-8-8 rule

On a typical day, many people are over-worked, with lack of sleep and limited social or personal time. Breaking the day into thirds – eight hours for work, eight hours for personal / family time and eight hours for sleep – is recommended as a suitable routine to help you keep on top of the mental daily stresses.

Lotuswise Chartered Accountants and Business Consultants can help you and your business succeed. To find out how, please contact us. To also get even more useful business and finance information and tax advice tips, check out our app on Google or Apple stores.

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