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Fortune
Fortune
Sydney Lake

Spanx founder Sara Blakely's $1 billion idea started with just $5,000 in savings and wanting to solve her own problem

(Credit: Paul Morigi/Getty Images for FORTUNE)

New business ideas can come from almost anywhere. Sara Blakely’s bright idea was behind her the whole time—literally. 

In 1998, the founder and former CEO of the women’s shapewear brand was working as a fax machine salesperson when she got the inspiration for Spanx. Her white pants had hung in her closet for eight months without wear because she couldn’t get the “smooth look” she wanted. Blakely, then in her mid-20s, wanted to wear something that wouldn’t show panty lines and came without the bulk of the classic girdle—so she cut the feet off control-top pantyhose. 

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