Step 10 of Building a Better Business

Anna Stubbs • August 2, 2023

Keep your ‘well of happiness’

This should be something you focus on all the time. Just as the flight attendants tell you to put the oxygen mask on yourself before helping others, it’s the same in business - you need to look after yourself at all times.

What are the things that fill your ‘well of happiness’?

These are activities that restore your energy and resilience levels and help you face challenges in your business. It could be dancing, yoga, mountain biking, reading, weightlifting, cooking, or meeting friends for coffee. Most likely, they’re the things you just don’t feel you have enough time for right now.


Of course, you do have the time; you have the same number of hours in your day as Einstein or Helen Keller had. You’re just choosing not to spend your time on these activities.


Make a list of the pastimes that make you happy. These are things you keep putting off doing because you think you don’t have time or feel guilty about taking time out of your business to enjoy.


Now, make a commitment to yourself to spend at least 1 hour per day doing these things. Share that commitment with your business mentor or someone who’ll hold you accountable to spending your time in this way.


Lastly, set aside time in your diary to do these activities until they become an ingrained habit.


Keeping your well of happiness full reduces stress and restores your energy, both crucial to life and business success. So, make it a priority.


“Life is short. Smile while you still have teeth.” - Mallory Hopkins

Review your business expenses – and save

By Anna Stubbs • April 28, 2026
Running a business costs money. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position, making it more difficult to grow and make a profit. So, what can you do to reduce your spend levels? And what impact will this have on your overall margins, profits and ability to fund the next stage in your business journey?

5 benefits of working with a business adviser

By Anna Stubbs • April 28, 2026
You know that an accountant can look after the books and keep your numbers in good order. But have you ever thought about the additional services and advice that an accountant can bring to you as a fully fledged business adviser, coach and mentor? Let’s explore what other business-critical services your adviser could offer:

Understanding Your Balance Sheet

By Anna Stubbs • April 28, 2026
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of Cash-flow, these reports provide a complete understanding of the financial position and business performance. So what’s involved: The balance sheet has three sections: assets, liabilities and equity.