Have you ever considered how your Personal Health shows up on the Balance Sheet of your business?
Solopreneurs and business owners know they are the driving force of their business. Business owners take the lead, fill the gaps in manpower when required, and go the extra mile for clients and customers.
Have you ever thought about whether your personal health is an asset or a liability?
If you are acquainted with your business balance sheet, you’ll know that your company’s assets and liabilities are divided into current and fixed assets and current and fixed liabilities.
It’s really interesting to think about how this translates into Your Personal Health. Let’s have a look at how this may impact on the success of your business.
In financial terms, Current Assets are usually liquid assets (cash) and non-liquid assets (land, buildings, equipment) and Fixed Assets are usually equity and retained earnings.
In Personal Health Terms you may consider your Current Personal Health Assets as being YOUR CURRENT HEALTH STATUS. You may assess this by asking yourself – how am I feeling currently? Am I able do everything my business requires of me? Am I effective and productive?
So when thinking about your Fixed Personal Health Assets you may consider this as being YOUR RESILIENCE AND RESERVE. It’s impossible to consider your health as fixed.
We all know someone who was seemingly fit and healthy one day and not the next. However, if we consider health in terms of resilience and reserve. We know it’s important to hold something in reserve i.e. have something in the tank that we can pull on if required.
Why is Reserve and Resilience important?
Reserve and resilience in in terms of mental and physical health is key to help us deal with the unexpected.
Imagine if a major challenge or a fabulous business opportunity was presented to us. Would we have the energy and health capacity to be able to personally rise to the challenge?
In financial terms, Current Liabilities are usually Payroll, Supplier Invoices, Loans and Tax due. Fixed Liabilities are usually is an obligation resulting from a previous event that is not due within one year of the date of the balance sheet e.g. long-term loans, capital leases, pension liabilities, post-retirement healthcare liabilities etc
In Personal Health terms you may consider your Current Personal Health Liabilities as low self care leading to underperformance. This often happens when you are focussing solely on your business, and not paying attention to having a healthy business lifestyle. You may be missing out on the foundations of a healthy business lifestyle e.g. food, rest, sleep and exercise. You may have a tendency to work around the clock.
When thinking about your Fixed Personal Health Liabilities you may consider this to be current or potential Chronic Health Status. This may affect your future wellbeing and pose a threat to your business success.
How does Chronic Health Status show up?
Are you already experiencing chronic illness e.g. diabetes, high blood pressure, immune conditions, cardiovascular disease, obesity, stress? Or is your business lifestyle potentially putting you at risk of developing chronic ill health in the future? Would this put your business success or future retirement at risk?
The reason I mention this is that these health conditions don’t tend to happen overnight. Chronic ill health develops on a continuum over years. Are you laying down the foundations for poor health with your business lifestyle?
This all sounds very serious, so what can you do?
My suggestion is that you focus on building your health assets (in green) and protect against the liabilities (in red).
FOUNDATIONS for a Healthy Business Lifestyle
- Put Your Parachute on everyday – we’ve all heard the advice on aeroplanes and lifeboats ….. look after yourself first! Well it’s the same in business. As a business owner you are probably THE most important asset to your business so please treat yourself well.
2. Empty Your Stress Bucket everyday – this is really important advice. If you take steps to de-stress on a regular basis you’ll help to build resilience and capacity.
3. Drop 24/7 working – I know this is difficult but important. Dropping 24/7 working will also help you to empty your stress bucket.
4. Eat for Energy and Immune Health – a healthy food plan consisting of regular meals and a balanced plate will fuel energy and support every aspect of wellbeing.
If you’d love to Survive and Thrive in Business and would like expert guidance to help you LIVE your own personal unique healthy business lifestyle please contact Aileen at www.thehealthheroine.com