Sara Blakely, Spanx: The World’s Youngest Self-Made Billionaire

by Rene Siegel on March 19th, 2012

blakelyBack in May last year, I was fretting — big time — about signing a 7 year lease in a “real” office building and I was thinking about the founder of Spanx, Sara Blakey, to give me a bit more courage.

Back then, she was only wildly famous. As of the March 26 cover of Forbes, Sara is a world wide, first class, beyond a shadow of a doubt, “A” team famous. Forbes has inducted Sara into the billionaires club making her, at 41 (gasp), the world’s youngest self-made female billionaire. (Someday we’ll get past the whole business about separating the boys from the girls…)

You ought to read the article because it might teach you why she’s so gutsy. Start your first company the day after graduating high school? Check. Sell office supplies door-to-door on commission? Check. Spend your life savings, $5,000, launching your company? Check. Write your own patent applications? Check.

Sara didn’t have an uninterrupted run of success. There were plenty of hiccups along the way (like failing the LSAT, twice) but she always learned a lesson, applied it and moved further faster.

And that’s the type of advice that can make all of us rich, if not in dollars, in spirit.

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