welcome to tomorrow the first day of the rest of your life

WELCOME TO TOMORROW

The First Day of the

Rest Of Your Life

Who is Lawrence J. Udell?Who is Lawrence J. Udell?

• One of the foremost authorities on inventors and entrepreneurs in the U.

S.• Professor of New Ventures & Entrepreneurship• Founder of more than 30 companies• International lecturer on Intellectual Property• Quoted in major publications:

Wall Street Journal, Forbes, Time• Consultant to numerous major corporations• Over 50 articles published• Lecturer for the USPTO for over 25 years

and WIPO (United Nations) overseas• Mentor to thousands of inventors, plus those

who became successful entrepreneurs

Where do I go from here?

• How many choices do I have?Work for a large corporationWork for a small companyGo into my own businessJoin a family members businessTake time off to ???Look at my life from the inside outDo I have a mentor – do I want one?

HOW DO I DECIDE???

Valuing Opportunities

• What do I want 5 – 10 – 20 years from now?

• How do I use my education?• How can I use my innate skills?• What is my experience worth?• Who can I sell myself to?• What am I really worth?

BOTTOM LINE? ? ?

DO YOU HAVE ABOTTOM LINE?????

• What was your dream of the future, when you were a kid?

• How about as a teenager?• Young adult?• What is your dream today?• How bad do you want fame and

fortune?

The World of Reality

• Let’s have a brief quiz:::How much money have you

saved?How much money can you

borrow? and from who?What could you do with it?How would you pay it back?

Successful Inventing

• Have you ever said to yourself,

I wish someone made …..?

Why doesn’t someone make a …..?o Think of something you would want to buy.o Think of something that would make your

life easier.o Think of something that would make your

mother’s life easier.o Keep it simple. . . . .

? ? ? ? ?

“Water is good; it benefits all things and does not compete with them.” – Lao-tzu

15 YEARS AGO

• …water products packaged in small plastic bottles barely appeared on the radar screen

– Beverage Marketing

IN 2006

• …U.S. wholesale bottled water sales were $11 billion, up about 10%.

• Worldwide bottled water market is over $50 billion.

– Beverage Marketing

THE FUTURE

• …is expected to grow 7 - 10% over the next 5 years.

• “The U.S. consumers’ growing interest in health is creating the growth of the bottle water industry.”

– Beverage Marketing

Larry Udell

udell@gate.net