Amy Errett founded Madison Reed with over 30 years of business and operating expertise as a four-time entrepreneur, venture capitalist and social-mission visionary. In this episode, Amy discusses why she decided to found Madison Reed, how she managed to double the amount of business done during the pandemic, how to address gender inequality in entrepreneurship, and actionable tips for founders just getting started.
“You’re a badass, and your hair is a manifestation of that,” says Amy Errett, founder of Madison Reed hair care brand. Believing that women deserve more, not just in their hair color but in their lives, Amy founded Madison Reed in 2013, naming it after her daughter. Since then, Madison Reed has shaken up the hair color industry by making prestige salon quality hair color accessible and affordable. Their color match technology and low chemical ingredients profile make for an easy do-it-yourself product that people can use to color their hair at home. For those who would prefer not to color their hair themselves, Madison Reed has 85 hair color bars, their version of a salon, all across the country where people can have their hair colored for an average price of $80.
Listen to, or watch, the full podcast interview by Lindsay Pinchuk with Amy Errett on your preferred podcast channel.
In this podcast, the host covers:
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What Madison Reed is and why Amy decided to found her business
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Why consumer brands are no longer in vogue
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How Madison Reed was able to capitalize on the pandemic
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Why it is important as a business owner to always be ready for an emergency
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What three risks are to consider when starting out as an entrepreneur
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What some common gender inequality issues are within entrepreneurship
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Why it is so important to develop a quality team
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What the most important values are that Amy hopes to instill in her daughter
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How to raise great men
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What three actionable tips are for someone who is just starting their business
Podcast Quotes:
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“Every team goes through a maturation process. What makes a great team is pattern recognition–seeing the things that you've seen that you've learned through them that you're not going to let happen again. And the most important thing is it's finding a trust with teammates.” (15:14-15:38 | Amy)
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“The amount of gratitude you have equals the amount of happiness you derive.” (35:58-36:36:03 | Amy)
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“As long as you, in your heart, know that it's right, it's right…Don't be swayed.” (49:26-49:43 | Amy)
About the Podcast Guest:
To learn more about Amy Errett visit her website (Madison Reed).
About the Podcast Host:
To learn more about Lindsay Pinchuk visit her website (Lindsay Pinchuk).
About Dear FoundHer…:
Dear FoundHer... is a weekly letter to female entrepreneurs to inspire, motivate and provide actionable tips for success through thought-provoking conversations with some of the most successful founders and entrepreneurs who have paved the way. Hosted by award-winning entrepreneur, Lindsay Pinchuk, each week she picks the brains of some of her closest contacts, offering them the chance to share their teachable moments as well as business, marketing, content, social media tips and more! Your journey as a founder is the ride of a lifetime, some come on in and join us!
Listen to, or watch, the full podcast interview by Lindsay Pinchuk with Amy Errett on your preferred podcast channel.
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Published by: Dax Hamman