Goodwill 123When I first studied accounting I was astonished that “goodwill” is something you can quantify and express with a financial value. I’d always thought of it as kind thoughts towards my fellow humans. Those are valuable, for sure, but not exactly something you can put a dollar sign on.

Along come generally accepted accounting principles (GAAP) to tell us that goodwill isn’t just about benevolent feelings towards others. It’s also the amount one company pays to buy another that’s over and above the tangible value of the assets being acquired. How could a company be worth more than its tangible assets? A strong brand, customer relationships, intellectual property and existing contracts might qualify as goodwill. It sits on the balance sheet as an intangible asset.

It’s interesting to ponder the value of goodwill during this season of “Gloria. Peace on Earth to men of goodwill.”

Goodwill, the kind thoughts variety, makes us worth much more than our tangible assets. It connects us to others, something we need to keep us human. There’s ample evidence of a link between the mind and the body that suggests positive thoughts and acts of generosity lead to more than just good feelings – they promote physical health. The explanation is that reciprocal benevolence kept our ancestors alive back in the days of “kill or be killed.” So we’re wired to be kind to each other.

You might argue that we don’t have to look far to find people whose learning or circumstances and choices override that basic human inclination towards goodwill. We see the impact of extremism and zealotry on the nightly news.

As I write that, I’m reminded of a quote from Anne Frank, who wrote, as she was hiding from the Nazis, “Despite everything, I believe that people are really good at heart.”

We can choose goodwill. Each of us can do our own bit to look for the best in others. As coaches, it’s our job to not only see their best but also to help them see it – and do something with it. Anne Frank said it best, “Everyone has inside of him a piece of good news. The good news is that you don’t know how great you can be! How much you can love! What you can accomplish! And what your potential is!”

This is a series inspired by House of Friendship Kitchener’s 12 Days for Good project. There’s a theme for each of the 12 days – no pipers piping required. Learn more at http://12daysforgood.com