Strategies and advice for businesses to stay in control through COVID-19 and get ahead of the pack

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COVID-19 Business Continuity – 14th August

I’m here with the COVID-19 continuity update for Australian businesses on 14th August.

Today, I’m talking about the most important factor of your business – you.

One of the biggest challenges we’re facing with this situation is that it is – to a large extent – unpredictable. This can be very unsettling and can produce a range of emotions including frustration, anxiety, despair, and even grief.

I want to acknowledge that all these emotions are valid and completely normal in these abnormal circumstances.

Often as business owners, our responsibilities are greater than those of other people. We are relied on by employees, clients and suppliers, and we often expect more of ourselves than we would ask of others.

For those reasons, you are the most valuable asset of your business, which is why it’s integral that you look after your mental wellbeing. Now more than ever.

My advice to each and every one of you is to take stock of how you are feeling and look out for yourself. I’d like you to consider this advice:

1. Understand that uncertainty and anxiety have the potential to sap your energy;

This presentation from Mark McKeon (who was the keynote speaker at Tenfold’s client dinner in 2016) gives a great explanation of the chemistry of stress: https://youtu.be/nrAxtNis7do?t=313 – this video will start at timestamp 5:13 and you should watch until around timestamp 22:36

2. Be realistic. This is the first recession in 30 years and will possibly be one of our worst. Don’t expect to hit the targets you set at the start of the year, settle for less now, knowing that on the other side the opportunities for uplift will be significant (we’ll tell you when that time is);

3. It’s ok to take a small step back in these times – allow yourself to not operate at 100% all the time;

4. Consider wellbeing habits like: exercise, meditation, healthy eating (and try to limit your intake of alcohol, caffeine and junk foods), get at least 7 hours sleep (and aim for consistent bedtimes), and practise gratitude;

5. Do the things that bring you happiness; listen to music, go for a walk, enjoy time with your partner and family, read or listen to a book, watch the 2017 Richmond grand final;

6. Live in the moment. Don’t put your hope in a vaccine, stop counting the days until restrictions ease. Look for the simple things you can enjoy during this time.

7. Make a conscious effort to minimise negativity – be selective with how much and what news you listen to, actively look for the good around you;

8. Ask for help;

9. I’ll say it again because it’s important: Ask. For. Help.

Immediate help for business owners

If you feel that you need immediate help, contact these resources:
• Lifeline on 13 11 14
• MensLine Australia on 1300 789 978
• Beyond Blue on 1300 22 46 36

• Headspace on 1800 650 890
• Suicide Call Back Service on 1300 659 467

• HeadsUp – for advice on better mental health in the workplace

 

Ongoing help for business owners

If you feel you would benefit from ongoing support for your mental health, speak with your GP about a mental health plan.

A mental health plan entitles you to 10 sessions with a mental health practitioner of your own choice, and the costs are subsidised by Medicare either partially or fully. You’ll need a referral from your GP, which you can get through a telehealth appointment.

Your private health insurance may also contribute to some of the costs, depending on your level of cover.

Medicare has released a further 10 subsidised sessions for people in restricted areas (including all of Victoria) who have already used the initial 10 sessions of their mental health plan.

For information on getting a mental health plan, visit: https://www.servicesaustralia.gov.au/individuals/subjects/whats-covered-medicare/mental-health-care-and-medicare

As always, speak to your Tenfold coach or drop me an email. We’ve got your back.

Take care.

Ash

Ashley Thomson B.Eng(Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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