How can good health boost your business? :Shuchin Bajaj

Q1. How can good health boost your business?

With COVID-19 still around, health has become one of the top agendas of businesses worldwide. As companies gear up to embrace the 'new normal, they must address the health of their employees. Retaining a focus on health can deliver lasting economic benefits for a company.

Good health can reduce costs for your business and increase revenues and profits, besides enhancing your company's reputation. According to studies, employees who work in a healthy and safe environment spend less time dealing with health reasons. This decreases health-related interruptions while increasing output and employee retention.

According to a 2020 report published in Fortune, the pandemic and its effects were forecast to cost the global economy up to 8% of the actual gross domestic product alone. However, research indicates that poor health costs twice as much each year, around 15% of real global GDP, from premature deaths and lost productive potential.

So, investing in good health can boost the economy and your business while increasing the productive capacity when the world is recovering from a devastating pandemic. By investing in better health, firms and companies would be big beneficiaries as sickness absences would decline, healthier workers would be less distracted, and fewer workers would retire because of health conditions.

Q2. Why is good health more critical for any entrepreneur?

Healthy living can be a key to your business, and the best entrepreneurs never ignore their health. If you want to excel in the industry and improve your quality of life, paying attention to your health makes a lot of sense. Healthy living needs to be one of your top priorities as a business owner.

Good health can increase your productivity and help you maintain a better work-life balance. Several studies indicate that you are more likely to focus on the task when your health is better. Eating right and getting enough sleep also help better decision-making as an entrepreneur. After all, in a competitive market, it is all about making the right choices in business at the right time. Healthy living also helps you focus on essentials and cut the clutter, thereby saving your precious time.

While running a business can be time-consuming and stressful, an entrepreneur cannot afford to ignore their health. For healthy living, entrepreneurs must obtain proper nutrition, get a good night's sleep, exercise regularly, and take some time for relaxation or meditation. In addition to this, research has indicated that Yoga has also helped entrepreneurs beat stress and remain calm and focused in their day-to-day lives.

Dr. Shuchin Bajaj