Sara Blakely, founder of Spanx, speaks with Cheddar's Kristen Scholer at the Goldman Sachs 10,000 Small Businesses Summit. Blakely talks about her success and shares her advice for young entrepreneurs.

Blakely emphasizes the importance of writing your goals down, saying "start small, think big, scale fast." Blakely also talks about her new "arm tights product" that helps women transition their favorite summer dresses and sleeveless shirts into items that can be worn all year round.