How mindset and mental fitness can bring greater business success

The accommodation industry is fast-paced which can be extremely stressful for business owners. To run an accommodation business successfully, it’s essential to take time out of your busy schedule to focus on your mental and emotional health.

Here are some ways to incorporate mental wellbeing into your weekly activities.

Why mental wellbeing in business is so important

Your mental and emotional wellbeing are essential parts of your overall health. If you neglect them, your business can suffer, particularly in an industry where you are constantly juggling a number of challenging priorities. Managing your mental wellbeing is essential if you want to have the required levels of energy and clarity of thought to make your business a success.

If you fail to look after yourself, the symptoms of stress and anxiety can come on without warning. Suddenly you can feel as if things are overwhelming. You’re not functioning as well as you usually do, and you can start feeling stressed. You might try to overcompensate by working harder when instead you need to find ways to calm yourself down.

How mindfulness can help

With a busy schedule, it can be difficult to find the time for yourself where you can relax, take a breath and refocus. Learning to practise mindfulness can help you deal with the pressures of running or managing your accommodation business.

Mindfulness is a type of meditation that can be done quickly and easily, wherever you are. It’s about focusing on the present moment, making yourself aware of your breathing, your surroundings and what people are saying, so you can stay present and stop your mind wandering onto the things that are causing you anxiety and stress.

The benefits of mindfulness include:

  • Reducing feelings of stress and anxiety
  • Improving your focus and concentration
  • Making you communicate more effectively under pressure, which is particularly important in accommodation businesses

By practising mindfulness several times a day, for just a few minutes at a time, you can teach your mind to stay calmer and more emotionally engaged, equipping you to face the challenges of work more easily.

Other business management tips for reducing stress

1. Get some exercise

It’s important to make time for exercise every day. Some gyms will offer a discount for those who can visit during the standard business day when they tend to be quiet. If you can’t do this, even a quick walk during your lunch break each day can make a big difference to your mental wellbeing.

2. Improve your sleep routine

Improving the quality of your sleep will boost your brain function and equip your body to better deal with stress. You can do this by going to bed at roughly the same time every night, and switching off all electronic devices an hour before you lie down to sleep.

3. Don’t be afraid to delegate

Train your staff to take on some of your responsibilities – that’s what they’re there for. They will become more loyal and productive because you have invested and demonstrated your trust in them, and you can gain more time for yourself by offloading some of your tasks. Everyone wins!

4. Make time for yourself

It’s important to get to know the routine of your business so you can identify which are the busiest times each week. By anticipating these and planning ahead, you can make some time for yourself in the week, creating a better work-life balance. You should also use the offseason periods to have a holiday of your own, as it’s essential to have a break from your working environment.

If you would like to know more about how to run an accommodation business, Accommodation Business Brokers are here to help. Please contact our team for more information.

Chris Rowe & team

With a strong appreciation of what constitutes a successful accommodation business sale, I’m able to recommend a sale price for your business; whether its a hotel, motel, resort, backpackers, caravan park, or management rights , at optimal market value. During my time as a broker, I have sold in excess of 100 properties around New South Wales, Victoria, Queensland and the Northern Territory. On average, I can take a property from ‘Listed’ to ‘Sold’ within 30 days.

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