Heads up!  Those of you who read Presentation Pointers may be interested in buying a paperback or e-book version of:

A Zen monk had sweaty palms: Pointers on the path to better public speaking

You may be interested because:

• You are a serious student of the skill needed to speak effectively to groups.
• You have enjoyed the short nuggets of practical advice that are easy to read.
• You have friends, colleagues, and direct reports who could use some help.

Or, you have friends, colleagues and direct reports who are expecting a really useful and inexpensive Holiday Gift from you, and you are running out of time.

Don’t worry.  You can give Zen Monk as a New Years’ Gift!  It will set the tone for 2012.

E-books are available at Amazon and BN.com.  Paperback books are only available  at www.simswyeth.com/store.

A Zen monk is a compilation of very short aphoristic pointers about what to do and NOT to do when planning, writing, or delivering a speech or presentation.

Here’s what some people have said about it:

“…luminous insights into the rhetorician’s craft.”
- William Malik, Technologist

“Sims Wyeth’s Presentation Pointers are my favorite regular email messages.”
- Patricia Fripp, former Pres., Natl Speakers Assoc.

“Sims Wyeth is a breath of fresh air in a world of ponderous teachers and all-knowing lecturers.”
-  Charles Reilly, In-Person, Inc.

“Sims Wyeth is a master… his book is an object example: clear, insightful, wise–and a delight to read.”
- Charles Green, Trusted Advisor Assoc.

“For years I have been printing out each oratorical bon mot, and now I will have a single source.”
- John Bliss, BlissPR

“This book is the next best thing to having Sims on your left shoulder…”
-  Charles van Horne, Abbott Cap.

 

 

Sims Wyeth & Co. provides public speaking courses, executive speech coaching, presentation skills training, voice and speech training, speech writing, and courses that address stage fright, body language, presentation strategy, and effective use of PowerPoint, all of which contribute to greater executive presence and personal impact.

A few years ago, I was on a panel at the Princeton Club in New York. The subject was “best practices in raising assets.”  At some point in the meeting, I said to a roomful of hedge fund managers that we should all take a consultative approach to selling our strategies, a suggestion that made the audience bristle. To remind you, the consultative approach suggests the best salespeople uncover the customer’s business problem through effective questioning, diagnose causes and consequences, and recommend solutions that will take away the pain.

But, as I was told, in raising assets for alternative investment strategies, this approach may not work, and in fact could be irrelevant. The problem potential investors have is patently obvious: they want to increase return and lower risk. And, I was told, they will almost certainly refuse to tell you anything about their portfolio of investments, thereby cutting off the possibility of you conducting an empathetic discussion about their business needs.

If this is the case, and I understand it usually is, then our best hope is to tell our story well and respond to their questions with candor. How can we do this so that we increase the likelihood that we can raise sufficient assets in the required time frame?

The Investor’s Point of View

One way is to reconsider asset raising from the investor’s point of view. At the core of the decision to hire a manager is the question of risk. While the investor will certainly have rational business concerns about your track record, performance, team turnover, etc., they might also be concerned about personal risk. After all, the decision they make will reflect on their judgment, and they may be rewarded for the performance of the manager they hire. This is especially true for large institutional investors, where lack of trust can cause them to delay their decision or prevent them from responding favorably.

So in a sense, we are back to a consultative approach to asset raising. The investor has a problem – he is full of skepticism, distrust, and fear. When we meet with him, it is our job to overcome these obstacles and persuade him that we are capable of meeting both his rational business needs and his personal emotional needs for security.

Persuasion

There are two ways to persuade people. The first is by using conventional rhetoric, which is what most executives are trained in. It’s an intellectual process – you build your case by giving statistics and facts and quotes from authorities. It’s what we do with our pitch books. But there are two problems with rhetoric. First, the people you’re talking to have their own set of authorities, statistics, and experiences. While you’re trying to persuade them, they are arguing with you in their heads. They’re questioning your selection and arrangement of the numbers. They’re comparing you to the six other firms they’ve been talking to. And second, if you do succeed in persuading them, you’ve done so only on an intellectual basis. That’s not good enough, because people are not inspired by reason alone.

The other way to persuade people, and ultimately a much more powerful way, is by uniting your strategy with an emotion. The best way to do that is by telling a compelling story – about yourself, your strategy, the founding of your fund, and all the obstacles you’ve overcome, and continue to overcome, as you strive to serve the needs of your investors.

In a story, you not only weave a lot of information into the telling but you also arouse your listener’s emotions and energy. The story you tell about your approach can communicate who you are, where you come from, where you’re going, what you believe, all in a vivid way that will enable your listeners to connect with you.

Persuading with a story is hard. Any intelligent person can sit down and make lists. A standard recitation of the fund’s history, staff, approach and accomplishments may be traditional, but your audience might very well find it repetitive and indistinguishable from hundreds of others they’ve experienced. It takes rationality but little creativity to design an argument using conventional rhetoric.

However, it demands vivid insight and storytelling skill to present an idea that packs enough emotional power to be memorable. If you can harness imagination and the principles of a well-told story, then you get people to truly listen, nod their heads and reach across the table to shake your hand, rather than sitting there slouching toward indifference as you round up the usual facts and figures.

Telling the Story Face-to-Face

The interesting thing is whatever you do in a face-to-face meeting with potential investors, you and your strategy become a story. While they’re listening, they’re telling themselves a story about you. When you leave, they tell others the story of your meeting. You become a story, filed away in their library of experiences.

Cognitive psychologists describe how the human mind, in its attempt to understand and remember, assembles the bits and pieces of experience into a story, beginning with a personal desire, a life objective, and then portraying the struggle against the forces that block that desire. Stories are how we remember; we tend to forget lists and bullet points.

For instance, the traditional pitch follows a predictable pattern, and in fact, most funds will make more or less the same claims about their managers, strategies, processes, and teams. This is a safe approach, but not optimal. Instead, you want to display the struggle between expectation and reality in all its nastiness. Tell the truth, in other words.

Most companies and executives sweep the dirty laundry, the difficulties, the antagonists, the struggle under the carpet. They prefer to present a rosy and boring picture to the world. But as a storyteller, a blood and guts guy who’s out there every day running money for his clients, you want to position the problems in the foreground and then show how you’ve overcome them.

The typical positive, polished pitch doesn’t ring true. They know you’re not spotless. They know everyone slants their statements to make their company look good. Positive boilerplate actually works against you because it foments distrust among the people you’re trying to build trust with. When you tell the story of your struggles against real antagonists, your audience sees you as an exciting, dynamic person.

I was pretty upset with myself when I left the Princeton Club, thinking that I’d demonstrated a lack of understanding of the hedge fund market. But in the end, I think I was right. If you take a consultative approach to raising assets and look at the investor’s business and professional problems, you discover several things: (i) they see a lot of pitches that look and sound the same, (ii) they are skeptics, and rightly so, (iii) the decision to hire a manager represents both a business and personal risk.

In the end, given relative parity between your strategy and others, their decision is about you, the manager. You’re the tire they want to kick. If you dramatize the challenges you face, and tell stories about how you overcome them, you make yourself more real and increase the awareness of your alpha. And that should help you raise assets more efficiently.

 

 

Sims Wyeth & Co. provides public speaking courses, executive speech coaching, presentation skills training, voice and speech training, speech writing, and courses that address stage fright, body language, presentation strategy, and effective use of PowerPoint, all of which contribute to greater executive presence and personal impact.

I came to the career of speech coach and presentation strategist from the world of the theater. I was an actor, director, and writer of plays for 15 years before I joined a consulting firm that served the pharma industry. At this point in 2011 I’ve been counseling business leaders, experts, scientists, researchers, sales people and marketing folk for 21 years.

I have grown.

With my first clients, I was all about the physical stuff, the acting stuff: eye contact, voice and body language. It was all I knew: I had no idea what anyone in business was talking about.

Then I got interested in presentation structure. “Have a grabber,” I’d say, “Something to make them sit up and listen.”

I also found myself urging clients to have a call to action at the end of their talks. I quoted Confucius: “To talk much and arrive nowhere is the same as climbing a tree to catch a fish.”

And of course, I was advocating that they limit the number of points they make in their talks and on their slides.

For ten years or so, these bits of advice kept me off the bread lines. However, there were at least three problems with offering up these helpful tips.

1. My competitors were saying the same things.

2. It felt cosmetic instead of transformative.

3. I was giving everyone the same advice.

As a result, my business suffered, I was frustrated because I wasn’t truly making an impact on people’s lives, and I was bored saying the same thing all the time—which is the curse of the advice giver.

What to do with this mid-life crisis, this search for meaning and integrity? Never mind that I also needed to build my savings for retirement, pay off my child’s mountainous college debt, and maintain my self-image as a card-carrying member of the upper middle class.

I stumbled around for a long time, quite honestly, holding it together with duct tape and chewing gum. But I think I may have stumbled on a few ideas that could restore my sense of self-worth. Let me explain.

It is my belief that presentation skills get greater as they become more meaningful for the audience. This means that a presentation skill that makes the speaker look good is not as great as a presentation skill that benefits the audience.

Many skills that are taught by the likes of me are cosmetic, more packaging for the speaker than meaningful contribution to the audience. This is not to say that packaging is unimportant. It is important for the speaker because it helps to predispose the audience to see the speaker as a trustworthy source of information. An example of packaging you may have heard is the injunction to dress for the job you want, not the job you have.

Cosmetics such as this do nothing to strengthen the actual intellectual , emotional, or ethical appeal of the speaker. In fact, they make it harder for the audience to discern the truth. And when such packaging overpromises and under-delivers, trust is broken, the speaker loses influence, and the audience looks elsewhere for meaningful value.

Should the speaker wear more humble clothing and lose his chance to shine? No, not at all. Looking good is a good presentation skill, but it’s not a great one because it benefits the speaker and not the audience. A great presentation skill provides a meaningful contribution to the audience. The improved image, authority and influence of the speaker is a by-product of that contribution.

So here’s the question. Whether as a leader, sales person, researcher, or influencer of any kind…what are the great presentation skills that one must demonstrate in order to make a meaningful contribution to an audience?

The speaker must:

1. Take apart the thinking of the audience on a given topic and rearrange it so that it’s new, improved, and widely embraced by the audience.

2. Move the audience out of a state of contemplation and into a state of action or preparation for action.

3. Give himself so generously and authentically to the audience, and create such a memorable experience for them, that he forges a personal bond with the majority of his listeners.

Please keep in mind that I do not claim these are ironclad laws of the presentation platform. Rather, they are my attempt to define great presentation skills (as opposed to merely good ones), those skills that would enable a speaker to make a meaningful contribution to an audience.

Ask yourself, can you do any of the above three things sitting, slouching, mumbling or standing with your hands in your pockets? I believe the answer is YES. Can you do any of these with poor eye contact, disheveled clothing, and awkward body language? Yes.

Of course a pleasing personality, a lively voice, and expressive, even colorful body language could help. But strangely, such attributes can harm as well, because polished speakers can become slippery ones, and slippery turns people off.

Let me supply examples. Charlie Green of Trusted Advisor Associates took my thinking about sales and rearranged it. I now think of selling as problem solving, as doing well by doing good, so now it’s a lot easier to pick up the phone and prospect.

Barack Obama got me out of my state of contemplation and into a state of action. For me, he was exciting, new, and a welcome change from the previous administration. I was against him at first because of his lack of experience, but he got me fired up, and out of my seat. I took action.

Beth Frates is a physician at Harvard Medical School. She speaks on the subject of exercise—her theme is exercise is medicine. Not only is that a powerful idea, but she has all the science to back it up, and the stories to make it compelling. Plus, she’s working on changing the role of the physician from expert to coach, or change agent, with the interpersonal skills to help you do what’s right.

Good presentation skills benefit the speaker. Great presentation skills benefit the audience. I urge you to start the journey from good to great.

 

Sims Wyeth & Co. provides public speaking courses, executive speech coaching, presentation skills training, voice and speech training, speech writing, and courses that address stage fright, body language, presentation strategy, and effective use of PowerPoint, all of which contribute to greater executive presence and personal impact.