If you have read any of my past columns you’ve recognized that I’m quite committed to keeping the spotlight on intangible assets, which invariably govern the true value of your company. They are Customer Capital, Human Capital, Structural Capital, and of course the owner’s personal well-being, Wellness Capital.
The human impact of COVID-19 beyond the financial impact, is undoubtedly wreaking long lasting emotional havoc, which of course impacts the financial numbers.
My dated copy of the Harvard Brief Dictionary of Music includes no mention of a perfect triad, only perfect intervals, fourth, fifth and octave. As art mirrors life, physical health, emotional health (aka spiritual health) and financial health, I’ll call the health triad, can never be perfect.
For example, if diagnosed with stage four lung cancer, the person will rely on their emotional and financial health to help explore the best medical and or alternative remedies to bring the body back to balance. It’s long been recognized that emotional well-being plays an important impact on the healing of the body.
During COVID-19 Pandemic, employers are being forced to make very tough business decisions as it relates to employees. Terminating employees has never been easy for business owners. The emotional impact is real for both parties. It is through money that we understand how much people and things are worth to us, and how much we are worth to them. While the triad is interrelated and dependent on each other, the triad can never be perfect, adjusting, prioritizing, and changing will be an ongoing process as long as we have breath.
Musicians are trained to listen deeply to sound and silence. Currently there’s an imbalance where excess noise is creating a crescendo in negative emotions.Silence is healing. Silence keeps us sane in what can be an insane world. Well respected musicians like Paul McCartney, Carlos Santana, and Herbie Hancock have all been reported to practice meditative discipline to deepen their creative output.
Musicians already have the skill for a meditative experience. Richard “Wolfie” Wolf, author of “In Tune. Music as the Bridge to Mindfulness has explored “the twelve bridges between music and mindfulness.” (refer to March 27, 2020. post In Tune: Music as the Bridge to Mindfulness)
In Wolf’s book he cites a quote by Philip Glass who said “The mental concentration and physical stamina that result from these [Tibetan meditative] disciplines is virtually identical to that needed in music making and performing. To this point, I can’t even say which comes first.”
That’s why I’m so grateful that MMR has agreed to present a Facebook live on May 7th at 4:00 EST. On behalf of MMR, I will be hosting a conversation with Mr. Wolf where we will be exploring the relationship between music and mindfulness.
Intangibles are your most important assets. It starts with taking care of yourself which can be distilled down the mighty, but never perfect triad.
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\Jaimie Blackman – a former music educator & retailer– is a financial advisor, succession planner, and certified business advisor. Blackman is a frequent speaker at NAMM’s Idea Center. Visit bhwealth.com to subscribe to his newsletter and webcasts. Registered representative, First Allied Securities, Inc. Member FINRA/SIPC.
