Creating Confidence with Heather Monahan - Confidence Classic: Why Your Mindset Is The KEY To Success! With Sara Blakley & Jesse Itzler

Episode Date: February 4, 2025

In This Episode You Will Learn About:  The power of your mindset   Staying present   Taking risks  Visualizing success  Resources: Sara Blakely Instagram, Facebook, Twitter/X: @sarablakely LinkedIn: @sarablakely27 Jesse Itzler Instagram, TikTok, LinkedIn, Twitter/X: @jesseitzler Facebook: @jesseitzler1 Get 50% off your first box plus free shipping at factormeals.com/confidence50off with code confidence50off. Get 10% off your first Mitopure order at timeline.com/CONFIDENCE. Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/MONAHAN Head to AirDoctorPro.com and use promo code CONFIDENCE to get UP TO $300 off today Sign up for a one-dollar-per-month trial period at shopify.com/monahan Cancel unwanted subscriptions and reach your financial goals faster at RocketMoney.com/CONFIDENCE. Call my digital clone at 201-897-2553!  Visit heathermonahan.com Reach out to me on Instagram & LinkedIn Sign up for my mailing list: heathermonahan.com/mailing-list/  Overcome Your Villains is Available NOW! Order here: https://overcomeyourvillains.com  If you haven't yet, get my first book, Confidence Creator Show Notes:  I’m cutting right to it - the interview of a LIFETIME! I sat down with Sara Blakley, the founder of SPANX, and her husband, Jesse Itzler, a serial entrepreneur, to share the power of your mindset. Sarah and Jesse share the risks they took that changed EVERYTHING and why you should NEVER underestimate your mind! If you can stay positive and focused on the work before you, there’s NOTHING you can’t accomplish. Start spending your time and energy on pursuing your ideas, NOT defending them!

Life has a weird way of giving you these experiences because when I started Spanx, the combination of the amount of rejection I had had was perfect to start a company because I was told no every day for two years. The idea is no good, no thank you, we don't want to help you, we think this is stupid, whatever. And it didn't really faze me. And then the writing comedy for two years while I was doing that helped me do all the writing for Spanx and the marketing. And Spanx didn't advertise for 16 years while I was doing that, helped me do all the writing for Spanx and the marketing.

And Spanx didn't advertise for 16 years. We became a household name and a household brand around the world without ever advertising. Come on this journey with me. Each week when you join me, we are going to chase down our goals, overcome adversity and set you up for a better tomorrow. That's a no-see.

I'm ready for my closeup. Tell me, have you been enjoying these new bonus confidence classics episodes we've been dropping on you every week? We've literally hundreds of episodes for you to listen to. So these bonuses are a great way to help you find the ones you may have already missed. I hope you love this one as much as I do. Meet a different guest each week. Money, welcome back to Creating Confidence.

I'm so excited you're back here with me. Thank you for making it this week and you are going to flip about this episode. I am so grateful to everyone at Hypergrowth for giving me the opportunity to share this interview with you. It is the interview of a lifetime and I'm so excited for you to hear it. Can't wait to hear what you think. So this week is a really big week for me. Saturday, I am giving my first TED Talk. And it's interesting because

I'm learning so much about TED Talks because all I do now is obsess over watching every TED Talk in the world and reading about TED Talks to really immerse myself and figure out if there's any tips or tricks, you know, on how to make it better, to connect with the audience and to get this thing to go viral. So I'm really, I'm really all in on this Ted talk. And the challenge is you only get 10 minutes. And I always thought Ted talks were 18 minutes, but apparently you get whatever you are given by the Ted board that you're working with.

And for the Ted talks that we're doing in Boca Raton, TEDx, it is 10 minutes. So it's tough to tell a story, share an idea, and be concise enough in 10 minutes. It's a lot to accomplish. So I'm hoping that I was able to do just that, and I am going big or going home as always. So I'm really trying to focus just on the TED Talk right now, which is crazy because

this week is there's a lot going on. I'm actually giving a speech on Wednesday at a media company. On Thursday, I'm flying to New York to support the book launch of a good friend of mine, Standing O Encore. I actually wrote the forward for the book launch of a good friend of mine, Standing O Encore. I actually wrote the forward for the book. So I'm flying to New York for that. And then I'm heading Friday to the Boca Raton, TEDx VIP sponsor party,

which all the speakers have to attend. And we do some media as well as be there to support the actual event. Then I'll drive home and come back the next morning to actually do my talk after we have our walkthrough. So it's a, it's kind of a crazy week. And my son is heading to a Marine biology trip for three days. So we've got to get him packed up with all of his gear, sleeping bag, water

bottles, you know, all this crazy stuff. So it's just, I'm trying to just focus primarily on the Ted Talk and make sure that I've got things in motion for the other elements that I have going on. But you know, really my Ted Talk is the big focus. So the following week, it's funny, I'm actually going back to New York and I haven't even booked the flights.

I haven't booked the hotel. Well, I actually haven't booked my hotel for this week either because that's how laser focused I am on the Ted Talk. So, you know, again, just trying to prioritize and let other things go knowing that they will get worked out in the end. But I'm so excited for you to hear this interview. This again, literally is an interview of a lifetime and I'm going to cut right to it because you're gonna be blown away by Sarah Blakely, the founder of Spanx and her husband Jesse Itzler, a serial entrepreneur and unbelievable guy and I'm so grateful I got the opportunity to

interview both of them. If you did not catch Hypergrowth in Boston, you've got to catch Hypergrowth in San Francisco. It's an amazing event where you get to meet thought leaders and I got the opportunity to interview Sarah and Jesse live on stage and now you get the chance to hear it. Can't wait to hear what you think. So hang tight with me. Sarah and Jesse and as was just mentioned you guys have had a lot going on in the last week. Yes that's definitely true. Not much sleep. Not a

lot of sleep. In case some of the people here don't follow you on Instagram, can you kind of break down what Last Man Standing was all about? Yeah, so I just that's the reason why I'm wearing flip-flops. I just got back from a race called the Last Man Standing. You guys hear me okay? Cool. Okay. It's like an operator. And the format of the race is you run a 4.2 mile loop, you have an hour to do it, and if you finish earlier you can rest. Finish in 15 minutes, you have a 10 minute rest, and then they line you up again at the top of the hour, and you do it again,

and you keep going until one person is left. So my wife, it was in Maine, and when I, when I, yeah, well, when I Googled it, it said that there was moderate elevation. Yeah, if you live in Maine. It was crazy terrain. So I ended up, I just got back. I did 20 hours, 80 miles, and I came in fifth. I think that deserves a round of applause. And my wife was the last wife standing.

Yes, I win last wife standing. I didn't sleep for 35 hours, so I was supporting him and it's really challenging. I said at one point, I had a breakdown, I think at like four in the morning, where I just started crying because I said marriage is hard when you have to really support each other's dreams and especially if you have to watch the person you love suffer. And Jesse had a pep talk with me before and he said, no matter what, tell me I look good, tell me I look strong, don't pull me out of the race, don't tell me that you're worried about me.

So I... But I didn't say to say it like this, ooh, you look good. That's true. That's true. But it was really a wild experience of just human spirit. You know, what we all have inside of us, that grit and determination, and there were 112 of really intensely impressive ultra runners there. And wow, I was just blown away by by mindset really because I asked Jesse after this I mean Jesse's 51 so I said honey even though you didn't get the

last man standing you definitely won the oldest man standing because he was 10 to 20 years older than every other racer in this race. And yeah, so I said to him, I was so curious because I knew mindset, I'm a huge believer in mindset, and I said, what was your mindset and what were you thinking during the race? And he looked at me with laser focus after it and he said, I was saying repeatedly to myself, I push my body and my body responds. And boy did it ever. I mean because his knees, his ankles, I mean the rest of his body really, I mean was shutting down, but his mindset was there. And that pushed him. I would say, I mean at mile 47 I thought you were done. I love you, but I really did. I was like so worried and then like you know you just can't, you can't ever doubt the mindset.

If the mindset of the person is in the right place then they just go way beyond what you expect. What's interesting about this race is you know you can get lost in how long it's going to be or how long, what the distance. And it's like anything you're doing in your entrepreneurial journey or any challenge, any goal, it's really just being laser focused on what's happening right now, what's the most important thing.

And not getting, not patting yourself on your back for all your achievements, like oh, I got to mile 25 or whatever, and not thinking about how far you wanna go. It was literally just saying super present. And I always say, be where your feet are. And right here, I'm in this loop. I'm in this loop right now. Let me get back to the chair, get my little rest,

and go on the next loop. Right now, this is my job to get to the loop. And that was the focus. Wow, that's very, very impressive. And if any of you guys want to be super entertained and inspired, it's on my Instagram page at Sarah Blakely, and it's in one of those, you know, I put it in a permanent circle in the bar below the descriptor of my name, and it's called The Last Man Standing, and it's really,

it is very inspiring. Yeah. You have to check it out. Her insta stories are really funny. So Sarah, you mentioned mindset and the importance and effect that mindset has not only for Jesse, but people look at you and your company today and they think you're enormously successful and it was probably always that way. However, you were a salesperson at one point in time and had a very different life.

Do you attribute the things that have happened in your life to mindset or what do you attribute that success to? Yeah, definitely mindset. I mean, I sold fax machines door-to-door for seven years after graduating from college and I, you know, for 20 years, Spanx is gonna be 20, I started it in the year 2000 and The sound bite in the media has been Sarah cut the feet out of pantyhose and solved an undergarment issue And you know now Spanx is here and and why that is true there was so much more about the Behind the scenes of why this happened and people have asked me can I have 10 minutes 15 minutes of your time? I want to pick your brain on how Spank started.

But the real answer is it started way before I cut the feet out of my panty hose, and it started when I was much younger, and I had a series of kind of tragic events happen to me when I was in high school, and it led me to Wayne Dyer, who is a motivational, inspirational speaker. He passed away about two years ago, but I got exposed to him and I listened to his cassette tapes over and over and over again to the point that I had his one series called How to be a No Limit Person memorized all ten cassette tapes front and back. And try living with that.

back and try living with that. That's funny because in high school no one wanted to get stuck in my car like after a party they're like she's gonna make you listen to the shit. I would take simple things like I'm just gonna do the laundry tomorrow and she'd be like the ramifications of waiting till tomorrow. So, shh. So, but then fast forward, you know, I think it was 10 to 15 years after high school that I ended up on the cover of Forbes, and the texts I got in my phone were so funny. I mean, literally all my friends were like, damn, shoulda listened to that shit.

So, but I'm a big believer in it. I learned early on about manifesting law of attraction, not caring what other people think about you, which is a really big one for an entrepreneur, or, you know, in life, really. And I'm a work in progress on that. There are times where I do care, and I check myself and say, you know,

let's work on this, but it's very freeing to not care what other people think. You'll take more risks to not really focus on the outcome and be so afraid to fail. So all of that is a big part of my journey and Spanx for sure. So I think mindset is... I work on it daily. We all need to. I need to get those cassettes. Jessie, you didn't start out an MTV rapper. You didn't start out owning an NBA team, you were sleeping on couches for quite a while,

which people probably find hard to believe. Do you attribute your success to mindset, or what do you attribute it to? I think, well, I definitely have my own version of mindset. When I have a goal, I like to say that's the end of the movie. I go to the end of the movie first, where I want the outcome to be and that's unwavering. I don't negotiate that.

I don't try not to ever negotiate my goals. The script changes, the plot changes, how you get there. You have all kinds of obstacles but the end of the movie really never changes for me. So that's my form of visualization and how I kind of attack it. Sari, you mentioned that you didn't share your invention with anyone for that first year. Why would you take that approach instead of enlisting others to help you or support you through that?

That really came from a gut feeling. I really honor my gut and intuition a lot and still do through the journey that I'm on. But when I cut the feet out of my pantyhose and started Spanx, I had actually asked for the idea two years prior. So I was selling fax machines. I had one really bad day. I'd been kicked out of an office again. I mean, I got usually business cards ripped up in my face about once or twice a week. I got escorted out of buildings all the time, and this day was just hard. I mean, I'm seven years into 100% cold-calling to sell people a fax machine, and I pulled over and I said, I'm in the wrong movie. How did this happen? Call the

director, call the producer. This is not my life. Like I'm redirecting my life. And I went home and I wrote down a list of what I'm good at in the positive column and strengths and I saw sales and I thought okay well what is it about sales that I'm good at and it led me to the fact that I like to offer people things that they may not know they need and then really makes a difference for them. And I wrote down in my journal that night, I'm going to invent a product that I can sell to millions of people that will make them feel good. And then I looked up in the air in my apartment and I said, I'm ready for the idea, if you give it to me I won't squander it. And two years later I cut

the feet out of control top pantyhose one night to wear white pants to a party and not have a panty line or anything show, because guys, you're out there in the audience, I don't know how many of you struggle with what to wear under white pants. But it's a legit problem that we have. And so I cut the feet out of my pantyhose one time and I thought this could be the idea because I had already set the intention for the idea to show up. So, but as soon as I started on the path of it I thought, okay I don't want to tell anybody my idea because I feel that

ideas are the most vulnerable in the moment that you have them. And it is our human nature that the minute we have an idea, we tell our friend, our coworker, our wife, our husband, boyfriend, girlfriend. And in those moments out of love and care and all the right intentions half the time, the person might say something that completely squashes it or makes you not pursue it. So I didn't wanna tell my family and friends,

and I have very supportive family and friends, but I didn't want ego to have to get involved too early on in the process. I wanted to spend my time pursuing it and not defending it. So at night and on the weekends for two years I would sell fax machines during the day and then at night I would stay up and I was working on the patent and I was you know doing all my research and driving, taking vacation days to drive to North Carolina where the manufacturing plants were and begging them to help make the first prototype but that is really why and I have to say I mean everybody in their life has a

million dollar even a billion dollar idea I mean we we do they they kind of haven't had mine yet well you do and I feel like recognizing it is a big one. And then also, you know, holding it sacred for me. And I'm glad I did because I sat my family down a year later, and all they knew was Sarah's working on some crazy idea. And a year later I sat them down and I said, Okay guys, are you ready? It's footless pantyhose and I mean they were like so sweetie if it's such a good idea why hasn't anybody else created it and then someone else in my family was like

well honey you know and even if this is a good idea the big guys are just gonna knock you off in the first six months and you will have spent your savings on this and if I had heard those things in the moment that I had it, I probably would still be selling fax machines or something like it. So I really, I really believe that. I believe that you got to, you got to really protect it. Now it didn't mean I didn't tell people that would help me pursue it. I was telling lawyers, having them help me try to write the patent, I was cold-calling manufacturers and talking to them. I just didn't seek out people simply for validation until I knew I

had put enough of my own sweat equity into this idea that no matter what the validation came back as, I wouldn't waver. That was a tweetable moment for me. I'm gonna spend my time and energy pursuing it, not defending it. I think that's really powerful. Do you see ideas the same way that they need to be nurtured and protected or were you more, I mean, because you created a lot of different companies and concepts over your career and life, did you bring people in earlier on or did you take that same approach? Well, I have to agree with everything we're married. So of course I agree. No, I think

one of the most important things as an entrepreneur I found is figuring out how to get from point A to point B the fastest. And if that is telling someone or if that, in my case, maybe it was getting a key investor, getting a celebrity as part of Zico or one of our brands, whether it was a key partnership, I think that's a critical, that's been a critical part of my journey because when I started out, I did sleep on 18 different couches. The one thing I needed that we all need is we need a story. We need momentum. People buy into stories and momentum more than they buy into products. Like we're the business plan. And when I started out, I started out in the music business.

I had a record out on a label called Delicious Vinyl. And right when my album came out, I did Club MTV, which is a big show on MTV at the time. I was 21 years old, and I thought like, wow, man, mom, I made it, I'm on MTV, this is unbelievable. And I did my first show in Pittsburgh, and I got off the airplane in Pittsburgh, and when I got off the airplane, there was a huge newsstandstand and on the cover of this big magazine called Rap Pages at the

time was my picture. And I'm like, holy shit, I'm on the cover of Rap Pages. And I'm like, this is unbelievable. That was like being on Forbes, Spicera. I'm on Rap Pages. And I go and I get the magazine and the cover of the magazine with my picture on it was, are white rappers ruining hip hop? I have not heard this story. Why would I tell you, with the married me? So I needed a story. So for me, at that age, it wasn't about when I had an idea of telling people. It was about getting momentum. And I went to the

New York Knicks with an idea to do a theme song for the Knicks. I was 22 years old. And I said, you know, sports is changing. People sit in seats for three hours in an arena, but the game is only 48 minutes. So you have to entertain them for over two hours. Let's do a song and a video, and we'll get all the celebrities in New York. The song was called Go New York Go, and the Knicks paid me $4,000 for the song. And by the time I paid the studio, the engineer, the singer, the producer, the drummer,

it cost me $4,800 to do the song. So is that a good business model? No. Right, they paid me $4,000, they paid me $4,000, it cost me $4,800. Do you guys think that's a good business model? No. Right, they paid me 4,000, they paid me 4,000, it cost me $4,800. You guys think that's a good business model? Wrong. That's an amazing business model.

Because I would have paid the Nick, right. I would have paid the Nick's $5,000 to do the song for them, to help me get to Point B faster. Because now I had a story. And I could call up the Bulls and be like, I did the Knicks song and every team that came into Madison Square Garden was like, why don't we have a song like that? And that was what really jumpstarted my career. So for me, it's like, how do you get from A to B the fastest? Ready to optimize your nutrition this year?

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So it actually was a good business model losing $5,000. Yeah. Well, I mean, we figured out the business model after that. It wasn't sustainable, but it got me in the door and it got me momentum. And I always tell people that ask me if they're stuck, if they're overwhelmed, small wins. Just even in this race I just ran, we all go through this period in any part of our journey where we're overwhelmed with self-doubt. Anybody, no matter what you're doing, as a parent, as an entrepreneur, as a marketer, someone's

bad, I'm not good enough. I don't have what it takes. Whatever. We go through this period of self-doubt. I had it in my race. I started off, I was like, I could run four miles. And once you get momentum and you start to believe and you can have something that you can build on, that's super powerful.

And that's- Yeah. I mean, you've got to create your own hype, for sure. That's reminding me. I mean, for the first four years of Spanx, I wore a black t-shirt with SPANX ironed onto it that I went to one of those t-shirt shops and took a white letter and ironed on Spanx and cream pants. But I was the advertisement. So I wore that everywhere I went.

And then when I got a chance to sell it in Neiman Marcus, I would bring my friends to the store to act like excited customers. And they would stand around my display table and go, oh, every time, we'd like cue it. We'd be like, customer coming. And this like really fancy lady, you know, perfectly dressed, would be walking up

and my friends would all go, tell me more, what is this? I can't believe I'm just finding out about this. And it would always cause the customer to go, what's happening? And then I'd be like, yes, I get an opportunity to explain it to her. I love that you brought that story up. Would you mind sharing that story of how you sold it into Neiman Marcus? Because that is such a great face-to-face, and it just pulls on that past track record that you had with the cold calling and how it paid off for you. Yeah so when I first landed Neiman Marcus was my first account and two things about that that are just something that I reflect back

on. One is everybody in the industry after I landed Neiman's came up to me and said how in the world did you land Neiman Marcus? And I would look at them and I'd say, I called them. What do you do? And they'd say, oh my god we go to trade shows and we set up a booth and we've been doing it for seven years and everybody says around year six or seven that you get a chance with Neiman's. I didn't even know there were trade shows. So I often say what you don't know can be your greatest asset if you let it. If you're not intimidated by the self talk of I have no idea what I'm doing and that shuts you down. So if you can power through the I have no idea what I'm doing and actually see it as a

positive and go that means I'm gonna do it different and that's where you break real ground. It takes a lot of courage and a lot of willingness to look stupid and potentially fall on your face, but that's where the magic is. So anyway, I got a chance to go and cold call Neiman Marcus. I flew on a plane from Atlanta where I lived to Dallas and I met with the buyer and she was impeccably dressed. I'm in the intimidating Neiman's headquarters. I had my lucky red backpack from college. I had the prototype in a Ziploc bag from my kitchen and a color copy of the packaging that I had created on my friend's computer.

And halfway through my pitch, I was telling her what it is and I could tell I was losing her. You know, after seven years of cold calling and trying to sell things to people, you get really good at reading nonverbals. And I always say nonverbals tell you way more than the verbal. You know, when people sit there and shake their head and say, I love it, and I'll call you tomorrow, you're like, oh my God, mayday. You know, that's when you pull the chute and say, I've got to like try everything. And so she was kind of doing that. She was like, okay, thanks. And I just stopped and said, you know what,

Diane, will you come to the bathroom with me? And she literally was like, excuse me? I'm like, I know it's a little weird, but can you just follow me to the bathroom and I'm gonna actually show you what my product can do? I'm gonna go in the stall. And she was like, oh okay. And she walked down the hall and I went in the stall and I put it on under my white pants and I came out. So I showed her before and then I showed her with the product on and she just sat there and she goes I get it It's brilliant, and I'm gonna try it in seven stores And I was like that deserves a round of applause

So you guys talk a lot about humor and embarrassing yourself poking fun at yourselves In business and in life and have a lot of fun with that. And we mentioned specifically on Instagram, can you talk a little bit about what that looks like? I just think we both, you know, don't take ourselves super seriously and humor works. Humor's fun. I think one thing we've both had in our entrepreneurial journey is we've had fun.

And I think a lot of people forget how fun it can be. And we work on making it fun. We try to do fun things, incorporate fun things into our household with our kids, with our cultures and our companies. And it's an important part of the process. I mean, I would say to add to that, I recognize that the two biggest fears

that we all have as human beings are basically the fear of public speaking and the fear of being embarrassed. And so I want that to lose its power over me. So I will intentionally embarrass myself or I will intentionally find scenarios where I'm not good at something, and then I go through it. And it usually ends up making me laugh, or if something ridiculous happens to me, I am

I immediately want to share it with people, because then I start to find that it loses its power over me. And then you also find that when these things happen, if you can make somebody else laugh or smile, then it wasn't all in vain. And that's where real human vulnerability and connection happens, especially even with your customers. So I learned that from selling fax machines. I mean, anytime I tried to act perfect or put on the perfect pitch, I got kicked out time and time again. You know, if I walked in and was like, look, I'm, you know, I'm nervous. It's hard for me to walk through your door. I'm sorry. I know there's no soliciting sign. I mean, I would get farther with that, but just calling out the humanness and the real of what we're

all dealing with and not being afraid of it. So we do that at Spanx, too. We have OOPS meetings at Spanx too. We have oops meetings at Spanx where we have the whole company get together and we stand up and we share what we've failed at or an oops or a mistake that we made and everybody claps and it's just like diffuses it. That's such a great culture. I believe we actually may have a video or two that we can share. I happen to be a huge fan of this one bird video. If we could queue this video up, the Instagram stories. Lovely.

Yeah. Oh great. Okay. I just did Good Morning America with my dress on backwards. I didn't know. I'm so interested. I want to thank everyone for coming to Good Morning America. A big thank you to Tom Kelly for coming to the class today.

How's everyone? Oh my God. I was wondering why I was like, this is so funny. I'm like, I'm so excited. I'm so excited. I'm so excited. I'm on the walk with him. I see him looking at me. My husband has been running every day on this island and says a bird attacks him. So I'm on the walk with him where his jaw cut this because I don't believe him. Well honey, where how bad can it be? Come on. How are you going to get past this walking spot? Nothing's attacking me. spot. Nothing's attacking me. He's fine. I'm so happy that you shared that video.

I had shown it to my son after I'd gone to interview you and I said, you know, Jesse said a great guy and I was showing it to my son after I'd gone to interview you and I said, you know, Jesse said a great guy and I was showing it to my son and he said, Mom, I thought he was a really strong kind of guy until right now. I ran the same route every day and I would come home and Sarah would say, how was the run? I was like, the run was great, but I got attacked by a bird every time. And she's like, it's impossible. I said, no, you got to come with me. And she walked by and the bird didn't care. I walked by, and the bird went bonkers. It was very personal, obviously, for the bird with Jesse.

I don't know. Maybe they thought your hair was a nest, honey. I don't know. Fantastic. How to show up with Coca-Cola Energy. You're tired and you're thinking of canceling on your friends. Don't do it! Every time you cancel on a friend, a unicorn loses its horn and becomes a regular horse. Do you really want that on your conscience?

Instead, grab an ice cold can of Coca-Cola Energy with delicious Coke taste and reinvigorating energy. Keep the unicorns alive. Show up every day with Coca-Cola Energy. Energy you want, taste you love. ["Stand Up Comedy"] So to elaborate on this, and you guys are not going to be shocked now, Sarah, you actually spent some time doing stand-up comedy.

Were you petrified to do that? Because now it seems natural. I feel like you could just grab a mic and walk around and do it. I was so petrified. I did it when I was selling fax machines door to door, and I just, I have this thing where I don't, if something terrifies me or if I think I have this thing where I don't if something terrifies me or if I think I would never do that and the answer is because I'm scared it kind of becomes something I really want to try to do and that was

one of those things and I just did open mic mostly around I did it around the country for two years while I was a trainer for the company that I worked for but it was terrifying I mean I was so nervous and the company that I worked for, but it was terrifying. I mean, I was so nervous and I wasn't that good. So it sounds like the hardest job in the world. It's the hardest. Well, it's I mean, it's taking the number one fear in America, which is public speaking to the next level because you can be in front of an audience and be bombing and not really know, you know, like the whole back section could be asleep or on their phone and you still ramble on. But if you're doing stand-up comedy, I mean, you get validation or you get crickets every

15 seconds. So it's like the most immediate, like you're failing, you're not failing, you're failing, you're not failing. And the only way to test it is in front of an audience. So you have to be so willing to bomb in front of a group of people. So please laugh at our jokes. Yeah, exactly. Or to learn what's funny or not funny. So, I am, yeah, it was, it was, but you know what, I didn't know it at the time. This combination, see, I wanted to be a lawyer, but I'm a terrible test taker. I'm not

good in, like, I have trouble with reading comprehension. So I'm sure I have some sort of undiagnosed learning disability. But anyway, so I did debate all through high school and college, and then I get to the LSAT and I bombed it, not once but twice. So it derailed my whole vision of being a lawyer, and that was really depressing at the time. And then I naturally then went to Disney World and tried out to be goofy. And you have to be, you have to be 5'8 in order to be goofy, and I'm only 5'6, so I'm the height of a chipmunk.

So like, this was rock bottom for me. I mean, my family, everyone's like, what's happening? I said, I'm too short to be goofy, and I don't want to be a chipmunk. And so I just started selling fax machines sort of, because it's really, I mean, you needed a pulse to be hired there and so anyway, but the stand-up comedy I did but

Life has a weird way of giving you these experiences because when I started Spanx the combination of the amount of rejection I had had Was perfect to start a company because I was told no every day for two years the idea is no good No, thank you. We don't want to help you, we think this is stupid, whatever. And it didn't really faze me. And then the writing comedy for two years while I was doing that helped me do all the writing for Spanx and the marketing. And Spanx didn't advertise for 16 years.

We became a household name and a household brand around the world without ever advertising. And I believe we did so much of that through humor and through the connection that we had with our customer and storytelling. Jesse mentioned it. Lead with story. Your customers are so much more interested in why than they will ever be interested in what. What you're selling, why you're selling it, why you're doing it, who are you in the world, what matters, what's your why, that is what people really respond to.

So, and if you can do it and make somebody laugh or smile, it's so much better. I mean, you have a chance of them telling five other people, which is what happened with Spanx. You know, it became a word of mouth brand. Jesse, did you have that same experience that Sarah had getting into stand-up comedy, being afraid of it when you became a rapper?

Was it that same, you know, we were petrified of it? Or did you gravitate towards it? Well, the first, right when I got signed to my record label, Delicious Vinyl, they had two huge acts at the time. One was a guy named Tone Locs, I mean, might not remember Tone Locs, yeah, wild thing, funky, cool, Medina. Yep. The other was a guy named Young MC

who won a Grammy for his song called Bust a Move. And I was one of the next artists signed to the label. So before my album even came out, I got a call from the owner. Wait, Jesse was best known for two songs, Shake It Like a White Girl and College Girls Are Easy. Please Google it, please Google it. Right.

So anyways, did I get a call? Which I had a lot of fun telling my dad, you know, I was like, Dad, dad, I think I met the one. He's like, that's nice, honey. What does he do? He's a rapper. That's known for shaking like a white girl. College girls are easy.

People buy into stories. It's all part of the plan. Anyway, before my album came out, I got a call from the owner of the record company who said that they're having this huge concert in Atlanta, where we live now, at the Georgia Dome, and they were busing in 36,000 inner-city kids from all over the state of Georgia for this concert that they coined the Increase the Peace concert, because they were going to have black artists and white artists come together in this community bonding event. And the day before the concert, Vanilla Ice canceled,

and they needed a white rapper, so they volunteered me to be the white act. So I get to the venue, and as soon as I get there, I recognize immediately the place is unruly. There's fist fights going on, they're putting the house lights on, and police are everywhere, and the kids are booing. Every single act that came on stage, they booed them off stage.

So the first guy up was like LL Cool J and his prime, and they booed LL Cool J off the stage. I'm sitting over here in the green room about to go on next to sing my song called Shake It Like a White Girl. So I called my mother and I said, Mom, I got a really big problem, man. They're booing LL. And she was like, sweetie, just be yourself. They're going to love you. And I get up on stage and the MC is like, you know, all the way from California, give it up for my man, Jesse James, which is my stage name. Do not Google it. And as I'm going on

stage, the record company gave me some t-shirts like promotional t-shirts So I grab them as I come on stage. I'm like I'm Looking at the kids in the front row and they're pissed off that I'm even invited to the venue But I have these t-shirts so I'm like does this section over here want some free t-shirts and the kids go crazy I threw them out. I'm like this section over here to my right you want some t-shirts. They went nuts I threw them out like middle section. You want some t-shirts back there? They went bonkers. I threw them. I said, thank you very much salt and pepper something That's never let him do you never let him boo you like the first rule I got in business

No, I'm not doing stand-up No, I'm not doing stand-up. How animated is this man? Oh my gosh, I can't take it. Okay, so Sarah, after you had made it, you made a very shocking decision, in my opinion, to really put yourself out there and go on Richard Branson's reality TV show. Why did you make that decision? You know, I read his book in college, and I really thought he seemed like such an interesting guy that I would like to know.

And so I, that was the start of it. And when he declared that he was doing his own version of The Apprentice, his own reality show, I just thought this was a great opportunity to meet him and he started Virgin overseas in London. He's just a really colorful, fascinating, adventurous guy. But he, yeah, so Spanx was four years old at the time and my lawyers literally begged me not to do it. They're like, why would you ever do a reality show? You're the face of this brand and you're putting your reputation over to Fox and you have no idea what they're going to, how they're going to edit you or what they're going to

do. And I just, I just had confidence that Richard from what I'd read about him wouldn't, wouldn't be a part of something that would, wouldn't edit me the way that I am. But I got a 27 page contract before I did this and it was the most insane contract. It literally said we can burn you, we can submerge you underwater, we can drop you in political unrest. I mean it was like insane. So my dad is a lawyer and I emailed it to my dad and I said, Dad, I'm thinking about doing this reality show. Can you help me edit the contract? And all he wrote back was, no sane person would sign this, love, dad. And I signed it, and I went, and I...

Which is a great influence on our kids. Yeah, we have not let the kids see the video footage, but it was two months of the most intense stuff. What they didn't tell me, but I should have figured out, and put the two and two together from the contract, was that if you lost the business challenge, each business challenge took place in a different city around the world. So instead of every challenge being in New York City, one was in Hong Kong, one was

in Africa, one was in Tokyo, so it was wild. We were traveling all around the world. But if you didn't win the business challenge, instead of going to a board room and just being fired, you had to do a world record-breaking, death-defying stunt with Richard. And two days into filming, I literally was in Atlanta in the Starbucks line like the day before, and then the next day I'm in England and they woke me up at three in the morning and handed me a helmet. And I said, I'm an entrepreneur, why do I need a helmet? And I had to scale the side of a hot air balloon at 10,000 feet in the air

and have tea on top of the hot air balloon with Richard. And you're afraid of heights. And I'm so afraid of heights. Like I cry on planes, I cry during takeoff. I don't like heights, yeah. So that was crazy, and that was the first day of filming, but Jesse can't even watch it. Jesse's watched like half of the

first episode. The stunts got so ridiculous. It was like, Sarah, climb the scale of the top of the building and jump in this glass of water, you know? And then when you're in the water, we're going to throw you in with the sharks and then you swim around and come up. I was like, what? This is crazy. So you guys weren't married back then? No. He didn't know me then. But yeah, so. Was it worth it now when you look back? Are you glad that you did that? back then. No, he didn't know me then. But yeah, so that was...

Was it worth it now when you look back? Are you glad that you did that? I'm so glad I did it. I mean, I think that I don't think I would have done the challenges if I was a mother at the time, but I wasn't. I was single and... Definitely not. Yeah.

But yes, I'm so happy I did it. I mean, Richard's actually a great friend. I'm actually going to Switzerland this Friday with Richard and about 35 entrepreneurs from around the world, and we're doing a physical challenge through the Swiss Alps to raise money for education. And I'm not like my husband. I'm not this physical, you know, challenge person, but I had had too much tequila when Richard asked me if I wanted to go, and I said yes. And so now I'm going. I'm slightly terrified. But we're going to swim, bike and

hike through Switzerland. And it starts with a glacier lake swim in a full body wetsuit. Bo market, bear market, rates will rise, rates will fall, inflation's up, inflation's down. Can someone please invent a crystal ball? Until then, over 41,000 businesses have future proofed their business with NetSuite by Oracle, the number one cloud ERP bringing accounting, financial management, inventory, HR into one fluid platform. With one unified business management suite, there's one source of truth giving you the visibility and control you need to make quick decisions. With real-time insights and forecasting, you're peering into the future with actual data. When you're closing the books in days, not weeks, you're spending less time looking backwards

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at netsuite.com slash Monaghan. The guide is free to you at netsuite.com slash Monaghan. Netsuite.com slash Monaghan. The guide is free to you at netsuite.com slash Monaghan. Netsuite.com slash Monaghan. Confidence click. I ask you to try to find your passion. Well, just in case you guys haven't, can't picture this or haven't seen this show, we brought you a clip.

Oh, you have a clip? Which clip is it? Is it of the balloon? Can you cue the video? The next challenge is that? Which clip is it? Is it of the balloon? The next challenge is that we're going to go up to the top of the balloon. Something I've never done. It's not going to be easy at all. On the top of the balloon, we're going to have a tea party and have a discussion. Being hoisted out on the ladder, suspended at 10,000 feet on the side of a hot air balloon is terrifying.

I am so scared. That is impressive. I'm in a full sweat. I don't like that. Did you just watch it? I'd rather run for 20 hours. That was so intense. There were so many things about that, but it took me 48 minutes to climb. It was a dangling rope ladder, so there was nothing anchoring it.

So I spent the first 25 minutes of the climb just flailing around in the air. And then the last 20 minutes I kept saying, just get to the balloon, get to the balloon. But once I got to the balloon, the balloon was hot. And the rope was very taut against the balloon, so I had nowhere to put my fingers anymore around the rungs of the ladder. So I'd use my fingertips. And then once I did the little tee thing and was like, woo, that was great, I started balling because I realized I had to climb down.

Oh my gosh. I was like, wait, how do we get down? So we had to go back down the ladder. It sounds horrific. Yeah, no, but it was- Thank God you're here. Listen, I'm here, and what an experience. So. So, Jessie, you have an online community, Build Your Life Resume

community, which is really amazing. Check it out if you guys haven't seen it. Alright, we got some peeps here! Awesome. So, some of the feedback, Jesse, that really pops out at me, the things that people like, the takeaway is the brownie, the, you know, what is your unique brownie? Can you share what that means and how you develop that? It's just a reference to a story when I was in college. I took, I was a crossroads my senior year of college. I was either going to the music business, which I loved, or I was going to sell a product called

Aunt Franny's brownies. I had a roommate in college that had an Aunt Franny, and every month she sent us a shipment of brownies, and I don't know what she put in the brownies but they made everybody happy. It's like, I can market these, like this is going to work. So for my advertising class senior year we had to create a fictitious brand from scratch. Soup to nuts like, you know, jingle, which I was good at, billboard, slogan, packaging, everything.

So I said I'll use this advertising class as my R&D department and if they like my Aunt Franny's brownies presentation, I'll just roll it out and I'll sell brownies. So the way that the final exam was set up, there were a hundred kids in the classroom. It was small and everybody had a hand in their campaign but five people were going to get picked at random to present a 30 minute state of the union of the business they were going into, the industry they were going into in front of the class. So like I'm a senior in college, there's a 5% chance that I wanted to get picked. Like nobody prepared for the oral presentation. You didn't want to get picked. And sitting to my right in the classroom was a guy named

Ronnie Cohn. Ronnie Cohn was a professional jackass. No, Ronnie Cohn bullied half of the class for four years of college. So when the professor said, we're going to do this the democratic way, everyone write down your name and I'll take off my hat and I'll pick out the name. When he came to me, I took 25 pieces of paper and I wrote Ronnie Cone's name down and I stuffed him in the hat. And when he picked out the name, this is a true story, sure enough, the first name that came out was Jesse Itzer, the jackass did the same thing. He's

such an asshole. So I went up there and I pitched Aunt Franny's brownies in 30 seconds into my presentation. And by the way, the tuition at American University is $40,000 a year. That's where I went. So for four years of tuition, $160,000 of my parents' money. This is literally the only thing I remember. The professor stopped me. For $160,000, he stopped me. In the middle of my presentation, 30 seconds in, he said, son, I want to know, what is your point of differentiation?

And I was like, what does that even mean? He said, what makes your brownie different than all the other brownies on the market? And I was like, well, they're moist and delicious, they could be gluten free, they're home-baked, blah, blah, blah, blah. And he was like, no, he said, son, there's a thousand brownies that come out every year. And substitute them for marketer, for restaurateur, for advertising, for lawyer, for whatever you do, there's a thousand of you that come out. And if you want to make it, your brownie, whatever it is,

has to be different than all the other brownies. Sit down, and he made me sit down. And I realized at that moment, like it was a real powerful moment for me, because I asked myself at that moment, like, and since then, as an entrepreneur, I've always asked myself, like, how am I different? You know, what makes my product stand out?

How can I treat my customers differently than everybody else? Zara mentioned it early, but like if you rip up the playbook that everybody in the industry is using, and you say like, well, how would I do it if I never was taught how to do it? That's where innovation comes from. So I always ask myself in an authentic way, you know, if you're quirky, be quirky.

If you're this, be this. But what makes you different? I just remember, not to belabor this point, but I remember when we started Marquee Jet, which is a private jet company that I started with my partner. We had no aviation experience, we had no airplanes, we didn't know a lot of rich people, and we started this company that had, and not a great formula for a private, but we ended up building a company that did five billion dollars in sales and we sold it to Warren Buffett's NetJets. And I remember sitting with our sales team and I would go in and I would listen to pitches

and they would pitch the way Kenny and I, my partner and I were pitching and I'd be like, what are you, you can't, what are you doing? Like you're a single mom, tell, be who you are, you know, and be unique for you. And be different for what you are. You can't, you're not the co-found. So it's always been a mantra of mine to just kind of like what makes you uniquely different. And I was the question Sarah asks all the time to her team and to her employees, you know.

She always asks her employees, if no one taught you how to do your job, how would you do it? Yeah, because we're on autopilot as human beings. I mean, think about it. Almost every single thing that we do, someone taught us how to do it, or we observed how it was done.

And so I like the space of closing your eyes and saying, if no one showed you how to do this, how would you do it? Like, would you be doing it differently? And oftentimes you will, and the answer or the vision comes to you, and then that's a real nugget for yourself. Yeah, I would just put an asterisk next to that, because I just ran this race, and I'm a big believer

in becoming the expert in the space you're going into. So before I approached this race, I called everyone that I could find, anyone I could find that did this race, and asked them a lot of questions. How many calories do you have to take? How many ounces of fluids do you have to take every hour? How much sodium do you need every hour?

And in a very, very short amount of time, I became what I believe in my own head was an expert. And I would come in every station and say to my pit crew, I'd be like, I had one goo, half a bottle of Roctane, which was the drink that I was drinking, I had 200 calories, 70, you know, I need 350 milligrams of soda,

I was very aware of it. So in certain circumstances, you wanna become the expert and follow the advice, but in others, you wanna stand out for what you are. Please do not get mad at me, but unfortunately, we have to move to the lightning round of questions and we're about ready to wrap up even though no one wants these two to leave. Okay, what's happening in your life right now?

I'm going to Switzerland on Friday, which sounds like a crazy challenge. That sounds very exciting. Okay, how do you feel when you're in a room with Richard Branson Microsoft Giving Pledge? How do I feel when I'm in the Giving Pledge room? Super humbled and you know like kind of like how did I get in this room pinched me kind of feeling. Sarah's agreed to give away half of her wealth to charity. Amazing. Amazing. What would your career be if you didn't start Sphinx? I mean I'm a frustrated beautician. I might have my own salon or I was someone who did

everyone's hair for prom and I always like doing makeovers and things like that. Oh, that sounds fun. Theme song for your life. Your speed round, sweetie. Oh gosh, theme song for my life. No, either one of you can answer. Baby Got Back. Yes! Excellent marketing, excellent marketing. I'm in the butt business, okay?

Wow, that's good. First thing that came to me. That's good. Oh, there's a song called Here I Come. It's a reggae song. That's one of the mantras, like, Here I Come. So it's my own personal thing. Nice.

Okay, favorite party trick. I can make people say no. I have this crazy thing I could do with you after, Heather. Have you ever heard it before? No. I can make people say no. I have this crazy thing I could do with you after Heather. Have you ever heard it before? No. All right, that was good. Weird trait about you. Weird what? A weird trait about either one of you. I mean, this is so weird, but I can vibrate my eyes.

What? What does that even mean? What did you say? I can vibrate my eyes. What? What does that even mean? I can vibrate my eyes. You learn something new all the time. We've met for 10 years. I've never seen you vibrate your eyes. I can vibrate my eyes. And the weird thing is Charlie just looked up at me and vibrated his eyes the other day. Our little boy. So apparently it's genetic. I've only had fruit until 12 o'clock noon for 28, 29 years now unwaveringly. Fruit till noon, brother. And I didn't like that smoothie that you gave me.

It's pretty nasty. Listen. Okay, what's your biggest pet peeve? Pet peeve? Oh, I know what yours is. Oh wait. Oh, this is like the newlyweds game. What do you think mine is?

Well, I mean, you're probably about to answer something different, but running water. Absolutely. Don't get me started on running water. Yeah. Did anyone notice the clock is now going the opposite direction? What? I'm a little confused. Okay.

My pet peeve is when the windshield wipers are going more than they need to. That's a fair one. Believe me, I get the, I mean she'll be driving and Sarah will be like, shut the window, the wipers off. Lower the wipers. It's upsetting me. Based on the wind, raise the wipers, lower the wipers. Okay here's a good one Sarah. Shut the wipers off.

Get rid of the wipers. Who is your celebrity crush? Well growing up my celebrity crush? Well, growing up, my celebrity crush was Gene Wilder. I love who I married! I found my real life Gene. I'm not kidding. I didn't crush you. Well, guess what? My celebrity crush was Wonder Woman.

Guess who I married? I love that! I love that! I love that! Thank you, sweetie. That was awesome. All right, well, we're going to wrap up, and even though we don't want to lose these two right now, but if you thought this day couldn't get any better, Sarah has something that she

wants to share with everyone. Yeah. I'm sorry. What was it? Okay, okay. Yes, so listen, all you have to do, I'm gonna give away some awesome Spanx products, okay? Yes, yes. And for the guys out there that are like, look, you've got a wife, a daughter, a sister, a mother, they're gonna love you for this. And I also happen to make man Spanx, so you can

buy yourself something too. Okay? Jesse, my underwear, well, not my underwear, but the underwear that I make for Spanx is his favorite underwear. He loves the man Spanx underwear, but anyway, I digress. So all you have to do is get out your phones and go to Instagram and follow at Sarah Blakely and that's s-a-r-a without an H at Sarah Blakely and then in the last post which actually was his last man standing post just put hashtag hyper growth and I'm gonna pick 20 of you at random and I'm gonna send you some awesome Spanx leggings and if you're a guy you don't want leggings you want random and I'm going to send you some awesome Spanx leggings. And if you're a guy and you don't want leggings, you want something else, I'm happy to send

that to you. But these, we have a cult following for our faux leather leggings. People love them. You'll love them. Hold on. Can I do a promotion? Yes. If you guys.

You're going to out promote me. I didn't know you were doing a promotion. We just found out. Alright. Go to my Instagram at Jessie at Slur. I didn't know you were doing a promotion. We just found out. All right. Go to my Instagram, at Jesse Etzler. Use the same hashtag, come to a Hawks game with me, courtside, I'll take three people. Oh my gosh, this is amazing!

Hey. That's awesome. You can wear your Spanx. And I'll pick three people. You come to a game, we'll go early, we'll go to shoot around. You can wear your Spanx and I'll pick three people. You come to a game, we'll go early, we'll go to shoot around, and if we win, you get invited back. That's awesome.

All right, guys, please join me in thanking these two amazing human beings. Thank you. Thank you. Thank you guys. Thank you. That was awesome. Thank you so much.