Madison Reed CEO Amy Errett on Why Getting Fired Was the Greatest Gift of Her Life
This content originally appeared on Women in Retail Leadership Circle (WIRLC), sister brand of Total Retail.
The 2019 Women in Retail Leadership Summit kicked off last week with an energetic and powerful keynote presentation from Amy Errett, founder and CEO of Madison Reed, a hair color brand for women. In the opening keynote, titled "One Woman’s Journey to Disrupting a Multibillion Dollar Industry," Errett discussed how she was able — with determination, tenacity, passion and an innovative mind-set — to take on the multibillion dollar hair-dye industry and completely disrupt it.
Among other topics, Errett discussed the inspiration behind the launch of Madison Reed; how her vision to build a brand that empowers women to look and feel their best has taken off; and her philosophy on leading by love rather than fear.
In the clip below, Errett tells the story of when she was fired from the CEO position at a company she had helped triple in size, and the lessons she learned from the experience.
"Lesson No. 1, follow your passion. Lesson No. 2, every single thing that happens in your life, pay attention to. It's the gift of my life that I got fired that morning because it took me to a place in my life where I was never, ever, ever going to do something that I wasn't passionate about and care about."
To hear more about Errett's career journey and the mission behind Madison Reed, how to “find your inner genius,” and more, Women in Retail Leadership Circle members can view Errett's full keynote presentation here.
If you’re not a WIRLC member, click here to apply. WIRLC members receive many benefits, including access to premium content, networking opportunities with executive-level women, discounts to our annual Summit, and more. Join us today!
Related story: Total Retail's 2018 Game Changers List
Kristina Stidham is the digital content director at Women in Retail Leadership Circle and sister brand Total Retail. She is passionate about digital media and handles video, podcast and virtual event production for both brands. You can often find her at WIRLC, TR, or industry events with her camera and podcasting equipment recording interviews with retailers.
Kristina holds a B.A. in Media Studies and Production from the Temple University Klein College of Media and Communication in Philadelphia. Go Owls! When she's not in the office, she loves to go on long walks, sing around the house, hangout with her two pet guinea pigs, and travel to new places.