The starting point for the journey to change your culture takes real courage and is an application of courage that doesn’t get nearly enough airplay. You see, the easy leadership road that leads to mediocrity is to hire people that look and talk like you and ensure that you remain the smartest person in the room.

The more difficult, but more rewarding path is to find the courage to hire people who have the potential to surpass you, who think differently than you do, and who are willing and able to challenge you.

Financial literacy is a woefully underdeveloped skill in both our homes and businesses. I frequently hear business leaders lament about the lack of financial literacy within their teams. In my first book, Balancing Act, I outline the four most important future-facing skills and financial literacy (and it’s more sophisticated cousin, financial acumen) is one of these four critical skills. So what is to be done to close the financial literacy skills gap? Use your annual budget process as an experiential learning opportunity for managers and key individual contributors in your organization.

Applied in a business context, a team that possesses a strong sense of balance performs well under pressure and is not buffeted nearly as violently by the winds of change and external competitive pressures compared to a team that lacks a keen sense of balance. But what does balance look like in business?

We learn and grow as humans when we look at a challenge through multiple lenses and take onboard information from multiple perspectives. To me, this is true freedom - the ability to learn from our mistakes, test and expand our capabilities through experiences and education, pursue individual happiness and self-actualization, and meaningfully contribute to society with our unique gifts and talents.

The name “quiet quitting” is problematic because the phrase implies that something nefarious is going on—namely that an individual has checked out and is dead weight to a company or team. The phase is unnecessarily sensational and leads many to jump to the conclusion that quiet quitters are detrimental to company performance and team morale. In my opinion, we need to quickly relegate this phrase to the historical annals of corporate and popular vernacular.

If your people truly are your most valuable asset, it becomes a business imperative to ensure that the skill portfolios of your team members are maintained and nurtured in good times and in bad—especially when the seas get rough.