Podcasts > Creating Confidence with Heather Monahan > Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

By Heather Monahan

In this episode of Creating Confidence, Sarah Blakely and Jesse Itzler share their entrepreneurial experiences, focusing on how they built successful businesses through unconventional approaches and mindset strategies. They discuss universal experiences of self-doubt and describe their distinct methods for building momentum, from Blakely's transition from selling fax machines to creating Spanx, to Itzler's emphasis on visualizing end goals while remaining adaptable.

The conversation explores how both entrepreneurs leverage storytelling and authenticity in their business practices. They detail their different approaches to protecting business ideas, building brand identity, and connecting with audiences. Blakely discusses implementing "oops meetings" at Spanx to normalize mistakes, while both entrepreneurs explain how they use vulnerability and humor to create meaningful connections in their business relationships.

Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

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Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

1-Page Summary

Entrepreneurial Journeys and the Importance of Mindset

Sarah Blakely and Jesse Itzler share their experiences and insights on entrepreneurship, highlighting the crucial role of mindset and unconventional approaches in achieving success.

Overcoming Self-Doubt and Building Momentum

Both entrepreneurs emphasize that self-doubt is a universal experience. Itzler describes overcoming it by focusing on small victories to build momentum, while Blakely stresses the importance of creating your own confidence. Blakely shares how she redirected her career from selling fax machines to inventing Spanx, while Itzler advocates for visualizing the "end of the movie" while remaining flexible about the path to get there.

Unique Approaches in Business

The entrepreneurs took different but equally effective approaches to protect their business ideas. Blakely chose to keep her Spanx concept private initially to avoid negativity, sharing it only with professionals who could help with patents and production. Itzler focused on creating compelling stories and building strategic partnerships to gain momentum.

Humor, Vulnerability, and Untraditional Methods

Both entrepreneurs incorporate humor and vulnerability into their business practices. Blakely established "oops meetings" at Spanx where employees share mistakes in a supportive environment, while both use self-deprecating humor to connect with their audiences. Their unorthodox methods, such as Blakely hiring friends to pose as customers at Neiman Marcus and Itzler's creative promotional strategies, have proven highly effective.

Power of Storytelling and Brand Identity

Blakely and Itzler emphasize that successful businesses are built on compelling narratives rather than just product features. Blakely became the face of Spanx, using her personal story to distinguish the brand, while Itzler demonstrates how narrative can be more engaging than financial aspects in business ventures. Both entrepreneurs maintain authentic, vulnerable personas in their branding, sharing personal experiences and challenges to create deeper connections with their audience.

1-Page Summary

Additional Materials

Counterarguments

  • While mindset and unconventional approaches can be important, they are not the only factors in entrepreneurship; market research, financial planning, and operational efficiency are also critical.
  • Self-doubt can sometimes be a rational response to real challenges or lack of preparation, and not always something to overcome.
  • Focusing on small victories might lead to overlooking larger strategic goals or systemic issues that need addressing.
  • Confidence is important, but overconfidence can lead to ignoring valuable feedback or underestimating challenges.
  • Redirecting careers is not always feasible for everyone due to financial constraints, personal responsibilities, or lack of transferable skills.
  • Visualizing success is useful, but without a clear and adaptable plan, it may not lead to actual progress.
  • Keeping business ideas private can protect them, but it can also limit the opportunity for valuable feedback and collaboration.
  • Building strategic partnerships is important, but it can also lead to dependency on external entities and loss of control over the business.
  • Humor and vulnerability can humanize a brand, but they may not resonate with all audiences or may appear unprofessional in certain industries.
  • Supportive environments for sharing mistakes are beneficial, but without accountability, they may lead to repeated errors and a lack of responsibility.
  • Self-deprecating humor can alienate some customers or stakeholders who prefer a more serious approach.
  • Unorthodox methods can differentiate a business, but they may also carry legal or ethical risks and may not be sustainable long-term.
  • While narratives are important, they must be backed by high-quality products and services; a good story cannot compensate for a subpar offering.
  • Personal stories can distinguish a brand, but over-reliance on a founder's story can be problematic if the business needs to transition leadership or scale beyond the founder.
  • Authenticity and vulnerability are valuable, but there is a risk of oversharing or creating a narrative that overshadows the product or service itself.

Actionables

  • You can track your entrepreneurial mindset growth by keeping a "mindset journal" where you note down daily the unconventional approaches you've tried, your feelings about them, and the outcomes. This practice will help you see patterns in what works for you and build a personalized strategy for success.
  • Start a "victory jar" where you write down small wins on pieces of paper and drop them in. Whenever self-doubt creeps in, pull out a few victories to remind yourself of the progress you've made. This tangible collection of successes can serve as a motivational tool to keep pushing forward.
  • Create a "brand storybook" for your business where you write a new page every week, detailing a personal story related to your business, how you've shown vulnerability, or how you've used humor. This exercise will help you refine your brand's narrative and ensure you have a repository of authentic content to share with your audience.

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Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

Entrepreneurial Journeys and the Importance of Mindset

Sarah Blakely and Jesse Itzler reflect on the shared experiences of self-doubt, the importance of mindset, and unique approaches in their entrepreneurial paths.

Overcoming Self-Doubt and Building Momentum Key to Success

Jesse Itzler and Sarah Blakely both highlight the universal nature of self-doubt, emphasizing that overcoming it is critical for building momentum and success. Itzler discusses how he overcame self-doubt by focusing on small victories, which proved to be a powerful tool for building momentum. Similarly, Blakely attributes her success to mindset and believes in creating your own hype. During Itzler’s participation in the Last Man Standing race, Blakely supported him, and despite a breakdown, they both acknowledged the difficulty and importance of supporting each other's dreams.

Sarah Blakely and Jesse Itzler On Overcoming Self-Doubt With Small Victories and Resilience

Blakely recalls her early experience selling fax machines and how she redirected her life toward inventing a product that would make a significant difference. Itzler visualizes the "end of the movie" as his final outcome, not negotiating his goals but allowing the path to change as necessary. Itzler advises focusing on small wins when overwhelmed and shares that even during a race, attaining small goals helped him build momentum and overcome self-doubt.

Unique Approaches Can Give Entrepreneurs an Edge

Blakely and Itzler both utilized creative strategies to protect and promote their business ideas. Blakely chose to protect her Spanx idea by not sharing it with friends and family in the early stages to avoid negativity, while Itzler found that creating a compelling story and gaining momentum through strategic partnerships was vital.

Spanx Idea Protected by Sarah Blakely; Creative Strategies Utilized by Jesse Itzler

Blakely kept her Spanx concept a secret from people who might dissuade her and only disclosed it to professionals who could assist her in getting patents and production. Heather Monahan asked why she chose not to share her invention, to which she emphasizes the importance of shielding it from premature criticism. Itzler shares lessons about differentiation, guiding his ventures to make his products stand out. He encourages innovative thinking unconstrained by traditional methods and has made becoming an exper ...

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Entrepreneurial Journeys and the Importance of Mindset

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Counterarguments

  • While focusing on small victories can be helpful, it's also important to recognize that some entrepreneurs may require a focus on long-term goals and strategies to navigate complex business environments.
  • Creating your own hype and a positive mindset can be powerful, but it's also crucial to balance optimism with realism to avoid becoming blind to potential risks and challenges.
  • Mutual support in relationships is valuable, but it's also essential to maintain individual autonomy and ensure that personal dreams do not overshadow or negatively impact the other partner's goals or well-being.
  • Keeping business ideas secret to avoid negativity can be strategic, but it can also deprive entrepreneurs of valuable feedback that could refine or improve their concepts.
  • Creative strategies and partnerships are important, but they must be complemented by solid business fundamentals, such as financial acumen and operational efficiency, to ensure long-term success.
  • A background in sales and comedy may have been benefi ...

Actionables

  • Start a "victory log" to jot down daily accomplishments, no matter how small, to visually track progress and boost confidence. By writing down even the most minor successes each day, you create a tangible record of your achievements that can serve as a reminder of your capabilities when self-doubt creeps in. For example, if you successfully negotiated a small discount on a purchase, note it down; these small wins add up to a powerful narrative of self-efficacy.
  • Develop a personal hype routine by choosing a set of affirmations or a motivational speech that resonates with you and recite it during your morning routine. This could be as simple as standing in front of the mirror and repeating positive and empowering statements about your goals and abilities. Over time, this practice can help cement a success-oriented mindset.
  • Create ...

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Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

Humor, Vulnerability, and Untraditional Approaches in Business

Humor, vulnerability, and untraditional methods in business are increasingly being embraced as powerful tools to foster authentic connections, empower others, and outperform traditional business approaches. Sarah Blakely and Jesse Itzler are notable figures who consistently demonstrate these qualities in their entrepreneurial ventures.

Embracing Humor Fosters Connection and Authenticity

Sarah and Jesse Use Humor and Self-Deprecating Stories/Videos to Engage Their Audience and Showcase Their Personalities

Sarah and Jesse built their personal brands on a foundation of humor and authenticity. They incorporate humor into their interactions, like when Sarah jokes about the absurdity of a reality TV show contract or her father's incredulity towards it. Jesse humorously describes Sarah's outrageous stunts during the show, showcasing their ability to laugh at themselves and engage their audience.

Their playful banter, shared during car rides or over motivational tapes, is steeped in self-deprecating humor that resonates with audiences. Jesse highlights that not taking themselves too seriously and infusing humor is integral to their entrepreneurial journey, fostering a fun culture in their household and companies.

Spanx hosts "oops meetings," where employees share mistakes in a supportive environment, reinforcing the value of humor and humility in the workplace. These approaches not only engage people but also build a human connection, especially with customers.

Vulnerability and Transparency Empower Others

Sarah and Jesse Share Fears, Doubts, and Struggles, Modeling Willingness to Be Authentic

Sarah and Jesse don't shy away from sharing their fears and vulnerabilities. Sarah's confession about her terror of doing stand-up comedy or facing fears of heights on a reality TV show reveals her willingness to be transparent with her audience. She candidly talks about her personal fears and working on overcoming them, asserting the importance of vulnerability in growth and resilience as an entrepreneur.

During sales at Spanx, Sarah found that clients were more receptive to authenticity than a perfected sales pitch. This vulnerability also extends to sharing ridiculous personal experiences with others, as Sarah believes it diminishes the issues' power over her and creates relatable moments.

Unorthodox Methods Can Outperform Traditional Ones

Sarah's Tactics For Neiman Marcus Entry and Jesse's Early Momentum Strategies Show the Value Of Thinking Outside ...

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Humor, Vulnerability, and Untraditional Approaches in Business

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Counterarguments

  • While humor and vulnerability can foster connections, they may not always be appropriate in all business contexts, especially in industries or cultures where professionalism is equated with a more serious demeanor.
  • Sharing fears and struggles openly can sometimes be perceived as a lack of confidence or competence, potentially undermining leadership authority or business credibility in certain situations.
  • Untraditional methods, while innovative, may carry higher risks and can lead to unpredictability in outcomes, which might not be suitable for all stakeholders involved.
  • The success of unorthodox methods often depends on the individual's charisma and personal brand, which may not be replicable or scalable for every entrepreneur or business.
  • Relying heavily on personality and personal branding can overshadow the value of the product or service itself, potentially leading to a business that is not sustainable without its founder.
  • The effectiveness of humor and vulnerability in building authentic connections might not translate to tangible b ...

Actionables

  • You can start a "Humor Journal" to capture funny observations or self-deprecating anecdotes from your daily life. By writing down these moments, you create a reservoir of material that can be used to infuse humor into presentations, meetings, or social media posts, making your interactions more relatable and engaging.
  • Develop a "Vulnerability Challenge" where you share a personal story or struggle with a trusted colleague or friend once a week. This practice can help you become more comfortable with being open, which can translate into more authentic connections in your professional network.
  • Exp ...

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Confidence Classic: Unlock an Unstoppable Mindset & Marriage with Sarah Blakely & Jesse Itzler

Power of Storytelling and Unique Brand/Identity

The hosts elaborate on how storytelling and a unique brand identity are pivotal in a company’s success, resonating more deeply than mere product features.

Storytelling Resonates More With Customers Than Features

Sarah and Jesse Emphasize Sharing the "why" Behind Their Ventures, Not Just the "What."

Sarah Blakely advocates for the potency of storytelling, particularly in the context of business ventures. She underscores the importance of narrating the deeper story behind Spanx's founding, focusing on her motivations and experiences that led to her entrepreneurship journey. Meanwhile, Jesse Itzler explains that people are moved not merely by products or business plans, but by stories and momentum. He illustrates this with his experience of creating a theme song for the Knicks, where the narrative aspect proved to be more engaging than the financial components of the project.

Memorable Brand Identity Sets Companies Apart

Sarah as Spanx's Face and Jesse's Quirky Brand Drive Success

Sarah Blakely narrates that Spanx's success is partly due to her becoming the face of the brand. Her backstory and the origins of Spanx are central to the brand's identity, distinguishing it in a crowded market. She shares tales of wearing a t-shirt with "SPANX" ironed onto it everywhere she went, effectively making herself a walking billboard. Moreover, Jesse Itzler champions creativity within the workforce, invoking Sarah Blakely’s practice of prompting her team at Spanx to approach their work as if they were uninitiated, fostering innovation and a distinct identity for the brand.

Authenticity and Vulnerability Craft a Relatable Brand Narrative

Sarah and Jesse's Openness in Branding Forges Deep Audience Connections

Sara ...

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Power of Storytelling and Unique Brand/Identity

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Clarifications

  • The LSAT (Law School Admission Test) is a standardized exam required for admission to law schools in the United States. It assesses reading comprehension, logical reasoning, and analytical reasoning skills. High LSAT scores are important for law school applications.
  • Spanx is a prominent American shapewear brand founded by Sara Blakely in 2000. It offers a variety of innerwear and outerwear products designed to provide comfort and support. The brand gained popularity for its innovative approach to addressing common clothing challenges, such as discomfort from traditional undergarments. Sara Blakely's personal experiences and creative solutions led to the development of Spanx as a successful and widely recognized brand in the fashion industry.
  • The Knicks referred to in the text are the New York Knicks, a professional basketball team based in New York City that competes in the NBA (National Basketball Association). The mention of creating a theme song for the Knicks highlights the importance of storytelling and narrative in engag ...

Counterarguments

  • While storytelling can be powerful, it is not the only factor in a company's success; other elements such as product quality, customer service, and pricing strategy are also critical.
  • Focusing solely on the "why" might not be sufficient if the "what" (the product or service itself) does not meet customer needs or expectations.
  • A memorable brand identity is important, but it must be backed by substance; a strong identity with a subpar product can lead to a negative reputation.
  • Having a founder or CEO as the face of the brand can be a double-edged sword; any personal missteps can directly impact the brand's image.
  • Creativity is valuable, but without proper execution and alignment with business goals, it may not translate into market success.
  • Authenticity and vulnerability can foster connections, but overemphasis on personal narratives might distract from t ...

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