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HerMoney with Jean Chatzky

Bonus Mailbag #38: Entrepreneurship 101

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Business, Investing

4.71.5K Ratings

🗓️ 19 August 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

We’re diving into your questions about starting and growing your business—and who better to answer those questions than Amy Errett, founder of Madison Reed and a four-time entrepreneur. Tune in to hear Jean and Amy answer questions about determining how much your business is worth, and saving for retirement while you’re investing in your company. We also talk about the best ways to invest in a friend’s business, and how to hire your first employee. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an AirWave Media Podcast.

0:06.0

You probably have a solid plan for retirement, but you still might be wondering,

0:11.0

did I miss something? Is there something more I can do right now to secure my future?

0:16.0

Well, it's time to find out.

0:19.0

Visit planefe.com slash her money to schedule a free appointment with an advisor today.

0:25.0

Hey everybody, I'm Jean Chatsky. Thanks so much for joining us today on her money.

0:30.0

Today's special bonus episode is just for you. Specifically, it's for all you entrepreneurs out there.

0:38.0

We see you, we love you, and we have heard from you in record numbers these past few months.

0:44.0

So many of you wrote to us after listening to our entrepreneurial focused episode last year.

0:51.0

That was number two 90 building your business during tough times.

0:56.0

And that show featured the incredible and talented Amy Arrett, founder of Madison Reed.

1:02.0

We're so thankful she agreed to come back with us to tackle some of your personal questions.

1:08.0

And Amy is a four time entrepreneur and venture capitalist who led her team through 130% growth

1:18.0

and a 12 times increase in customer demand during the pandemic without one single layoff.

1:26.0

Just since we last spoke to her, Madison Reed has grown to have 60 hair color bars across the country,

1:33.0

and will end 2022 with 80 locations and higher more than 800 colorists.

1:41.0

Amy is also a venture partner at true ventures focusing on investments in consumer and e-commerce startups.

1:49.0

And she was featured on fast companies, queer 50 list of LGBTQ women and non-binary innovators in business.

1:58.0

Today she is with us from her home in San Francisco that she shares with her wife Claire and their daughter,

2:05.0

whose name of course is Madison Reed. Amy nice to have you back.

2:09.0

Thank you very much for having me. That was a mouthful, gee, but thank you appreciate it. Nice to be with you.

2:15.0

The word entrepreneur, I don't know if you've found this, it is not my favorite word.

...

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