Sara Blakely Of Spanx


wealthymatters

Sara Blakely was 27, working for Danka , selling fax machines door-to-door when one day she had her ‘a-ha’ moment. She was going to a party and needed footless pantyhose to go with her outfit, so she cut the ‘feet’ off her pantyhose. And Bam! Problem solved! Somewhere in there, she’d been praying to ‘the universe’ to give her an idea that would help her make millions and touch people’s lives. She’d abandoned the idea, but when she was watching the Oprah show and heard Opera say that she too cut off the feet of her pantyhose, the spark was rekindled, almost as a confirmation that she should go ahead with her idea.

When Sara began to research undergarments for women and how they’d been made for the last 50 years, she was astonished.  From the absurd sizing protocols (only one average waist measure was used on all the products, regardless of the size of the garment), to how products were tested (on manikins not real people), Sara saw that the undergarment industry needed a female perspective – insights from a real woman wearing these items to shape the product development direction so the products were useful, effective, and as comfortable as possible.  She broke the mold, and developed a completely new approach to developing women’s undergarments. Read more of this post

Are You Born To Be A Billionaire ? Self Assessment Tool


wealthymatters.comIf you weren’t born a billionaire and are not banking on marrying a billionaire or thinking of taking to crime or plunder in a big way, your best chance of becoming a billionaire is through business. So do you have it in you to become a self-made billionaire through business?

1. CAN YOU QUIT SWEATING THE SMALL STUFF?

Can you quit spending an inordinate amount of time on perfecting your product or service ? Can you instead focus on building your business and its systems ? Do you need to attend to every little thing that goes on in your business or can you delegate?If you can focus on the big picture,you are one step closer to building a big business.

2.  ARE YOU A VISIONARY ? CAN YOU SEE THINGS BEFORE ANYONE ELSE DOES ?

Self-made billionaires like Dhirubhai Ambani and L.N.Mittal were or are  not just great businessmen. They don’t just dominate industries–they transform them and spawn new ones. This requires great vision. Billionaire entrepreneurs do not just work within the confines of the current market, they anticipate things much further afield. They see things that no one else does.

3.  DO YOU HAVE A FIRM BELIEF IN YOURSELF AND YOUR VISION ?

To crack the $1 billion barrier, you need total, unwavering belief in your vision–and an immutable will to pull it off.

4. CAN YOU HANDLE RISKS ?

Do you have the courage and confidence to check fear and doubt and stay the long course.Can you think clearly in the face of danger?Can you stay cool?Can you find ways of managing risk? Read more of this post