Billionaire Spanx founder Sara Blakely shares her best business advice

Sara Blakely

Craig Barritt/Getty Images

Spanx founder Sara Blakely.

Sara Blakely, the billionaire founder of shapewear company Spanx, has made a lot of mistakes along the way, but she’s learned even more. 

Last week at the Forbes Women’s Summit in New York, Blakely shared her best advice for entrepreneurs.

“As soon as you can afford to, hire your weaknesses,” she said. “What you’re not good at is usually what you don’t like.”

Blakely hired a CEO to run the business when Spanx was just two years old, she said. It allowed her to focus on the things she was particularly good at, such as marketing, selling on QVC, and inventing new products.

“Hiring a CEO was very critical for me to stay on my strengths,” she said.

This echoes the advice of other successful entrepreneurs, like media CEO Gary Vaynerchuk, who advises forgetting about your weaknesses and betting on your strengths, and “The 4-Hour Workweek” author Tim Ferriss, who says 80% of results come from 20% of your efforts.

No matter what your personality or skills may be, understanding how you can add the most value is the surest path to success.

NOW WATCH: 6 scientifically proven features men find attractive in women

Please enable Javascript to watch this video


  • daniel

    I always wondered how I could boost my credit score after constantly getting ripped off due to my poor credit history.So I got referred to a close friend about this amazing hacker called DARK WEB who helped me to remove the negatives on my report and increase my credit score in a discreet manner.i was surprise when helped me to increased my credit score within 48 hours.i now have a good home and business.get hold of him today because have made him my permanent hacker.(darkwebcyberservice@gmail.com)

  • casemace066@gmail.com

    I found a way to recover invested funds on BOT platforms . I invested $80,000 3months ago and since i have had issues withdrawing my funds . I realized that most of these BOT platforms are scams. I took few simple steps that helped me recover 90% of my invested funds in just 5days. Reach out to the address above for the guides that helped me. There is really no point wasting funds on unregulated brokers.

  • fire trap

    you need someone for any form of hacking exploits the best person to under take such task is gontarbradford at gmail dot com he is very good at what he does.

    • vina

      thank you to this amazing soul for his help, by his help i was able to know who my boyfriend has been secretly texting, if you need any form of hacking exploits of any such you can reach out to gontarbradford.