Global fintech and funding innovation ecosystem

This is why you always struggle to get your message across

FastCompany | By Anett Grant | Feb 24, 2019

getting your point across - This is why you always struggle to get your message acrossThis speaking coach shares her tips for how you can identify a connection and get your point across.

How many times has your boss told you to get to the point when you’re trying to explain something–whether it’s giving a speech, or outlining the reason why you chose a particular approach over another? No matter how hard you try, you still can’t seem to do it.

So why is that the case? Here are four significant roadblocks that might be getting in your way.

1) You believe in an education model, and not an influence model

You think that by explaining context, background–all the details, you’re helping your audience understand. You feel like once they see why something is a certain way, they’ll agree with you.

See:  A Focus on the Future: How to Run a Forward-Thinking, Profitable Business

This might be the case in science and academia, but in my experience, the business world doesn’t see things that way. They want you to tell them the meaning and relevance of your conclusion.

When I was training engineers to report to the army about specifications for tank performance, I kept challenging the engineers to go beyond the following statements when they’re giving recommendations to the commander in the field.: “Under this condition the tread does A,” “Under this condition, the tread does B,” “Under this condition the tread does C.” They needed to illustrate how options A, B, and C impacted maintenance. People want to hear the meaning and possible consequences of a decision. They want to connect with what you’re trying to say.

You educate by describing, but you influence by making a connection.

2) You feel the pressure to jump in immediately

Some people choose to think as they speak, hoping that they’ll get to the point eventually. However, the problem with this approach is that as you’re getting lost in your thoughts, your audience is also wandering, wondering, and then disengaging. To get to the point, you have to learn how to jump to a conclusion. Just as a diver needs a springboard to launch into a dive, you need a structure to get to the point.

Having observed thousands and thousands of businesspeople talking, I noticed that the speaker who got to the point used an oral bullet point structure. They bounced off the question and then jumped to their answer. For example, someone asked them, “Why was there a spike in likes on a particular social media effort?” They began, “One of the reasons we saw a spike in likes in that particular social media effort was the timing of the release…”

See:  Fielding high-performing innovation teams

Humans think at an average rate of 750 words per minute and speak at a rate of 150 to 200 word per minute. By beginning with a connection to the question, not only did they gain time, but they also got into a pattern that allowed their thoughts to flow–like cruising down a one-way street.

Next time you feel that pressure to jump into the conversation, begin by rephrasing what you’re trying to connect your message to, and you’ll discover how quickly you can get to your point with power and precision.

3) You don’t want to risk exposing your idea

You might also be worried that if you just come right out and deliver your message, you’ll experience immediate rejection. So you bury your key concept and hope that your listeners will pick up on it. It’s like serving a smorgasbord–everything you can imagine. But this approach will probably backfire. Even if your audience understands your idea, they might not get the impact and significance that you want to convey. There is also the risk that they won’t identify the message that you’re trying to make.

To get to the point, you need to focus on strategy–why does the audience care?

You need to focus on calculating your best shot, not covering it up. By shifting from fear to focus, you’ll be able to get to the point and increase your odds of making a difference through your message.

Continue to the full article --> here


NCFA Jan 2018 resize - This is why you always struggle to get your message across The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - This is why you always struggle to get your message acrossFF Logo 400 v3 - This is why you always struggle to get your message acrosscommunity social impact - This is why you always struggle to get your message across

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - This is why you always struggle to get your message across




HBR | Nicolas Sauvage, Claudia Zeisberger, and Monisha Varadan | Jul 28, 2022 In the first half of 2021 alone, Corporate Venture Capital funds (CVCs) around the world inked more than 2,000 deals worth more than $70 billion. It’s an increasingly prevalent alternative to traditional funding options such as VCs and angel investors — but how can entrepreneurs determine whether a CVC is the right fit for their startup? Between 2010 and 2020, the number of CVCs grew more than six times to over 4,000, and these CVCs inked more than 2,000 deals worth $79 billion in the first half of 2021, surpassing all previous annual tallies. See:  Post-Covid U.S. Tech Economy: Top 20 Cities Venture Capital 2021 These corporate investors offer not only funding, but also access to resources such as subsidiaries that can serve as market validators and customers, marketing and development support, and a credible existing brand. However, alongside this added value, CVCs can also come with some risk.  We found that of the 4,062 CVCs that invested between January 2020 and June 2021, more than half were doing so for the very first time, with just 48% having been in operation for at least two years ...
Read More
Corporate venture capital - This is why you always struggle to get your message across
Coindesk | Eli Tan | Aug 6, 2022 A decentralized autonomous organization (DAO) called MoonDAO sent someone to space on Thursday, one of the biggest successes yet for such a crypto-crowdfunded project. The DAO didn’t send just anyone up – Coby Cotton, a member of the viral YouTube trick-shot group Dude Perfect, was chosen in a Discord vote by the DAO’s more than 5,000 members to be its astronaut representative. The DAO’s future ambition includes hosting parties on the Moon. Crowdfunding DAOs, which are groups of crypto enthusiasts that come together and purchase a currency or non-fungible token (NFT) to raise funds towards a common goal, have been more prone to failure than success. The genre was popularized in November 2021 by a group called ConstitutionDAO, which came together to raise $40 million to purchase an original copy of the U.S. Constitution. See:  Blockchain-based replacement for traditional crowdfunding: DAOs Dude Perfect’s Cotton made the trip with five other first-time astronauts as part of the Jeff Bezos-backed space tourism program Blue Origin, which has thus far completed six of these missions, each time sending regular people into space for around 12 minutes. MoonDAO was able to purchase Cotton’s ticket with funds ...
Read More
MoonDAO - This is why you always struggle to get your message across
The Globe and Mail | Kelsey Rolfe | Aug 6, 2022 When Colin Deacon started his career as an investment adviser 40 years ago, he made a point of working with some of the smallest customers – those who’d typically be passed over by the financial services industry.  His clients got financial and tax planning advice, help with their small business concerns and investing assistance – support that, he said, was and still is typically unavailable to the majority of Canadians. We still have a situation where most Canadians are not given really good, basic advice … and if you’re somebody from a marginalized community your access to that is 10 times worse. Mr. Deacon said he sees the development of an open banking system in Canada as a solution to that problem. Open banking, or consumer-directed finance, would allow individuals and businesses to have control over their own financial data, and to securely share it with third-party financial service providers or authorize them to take action on their behalf. See:  Open Banking is Coming to Canada…Are you Ready for Change? Currently, Canadians don’t own or have the right to share their financial data, and their ability to access services ...
Read More
The benefits and challeges of Open banking - This is why you always struggle to get your message across
Forkast | Lachlan Keller | Aug 3, 2022 The U.S. bill to bring cryptocurrencies under the oversight of the Commodities Futures and Trading Commission is likely to hasten legislation of such digital assets around the world. U.S. regulators have unveiled a new bill that would define Bitcoin and Ether as digital commodities, placing them squarely under the jurisdiction of the Commodities and Futures Trading Commission (CFTC) alongside other commodities such as corn and aluminum. See:  Will the Supreme Court’s EPA Decision Move Crypto Regulations off their Tracks? Senate Agriculture Committee Chairwoman Debbie Stabenow and the committee’s top-ranking Republican John Boozman released the plan on Wednesday as lawmakers around the world race to regulate crypto in the fallout from the collapse of Terra-LUNA. If implemented in the current form, the bill would cement the CFTC’s oversight of the industry and put to rest any jostling by US regulatory agencies, including the Securities and Exchange Commission (SEC) to police the emerging industry. This is the second major piece of U.S. legislation to be proposed in recent months. A bipartisan bill about stablecoins was announced in June and due to undergo a vote in July, but the vote has been delayed by several ...
Read More
Crypto regs - This is why you always struggle to get your message across
Aug 6, 2022 Surge protection is an inexpensive technique to safeguard your gadgets from sporadic power surges that could result in irreparable electrical damage. It is more than just an additional power strip with usable outlets. Here's how surge protectors and surge suppressors shield your appliances from power surges while ensuring there are no fire breakouts. To understand surge protection, it is important to get a proper understanding of power surges. Simply put, a power surge is an increase in voltage that surpasses the typical voltage level of 120 volts and is flowing through electrical equipment. Surges can be caused due to several things such as bad wiring, incorrect lighting, high-powered devices, or an issue with a utility company's equipment. How Does Surge Protection Function? Surge protection shields against the harm that unexpected power surges may bring about. The surge protector functions by drawing current from one outlet and directing it to the connected devices. A metal oxide varistor, or MOV, found in surge protectors directs any excess voltage to guarantee that electronics receive a constant level of power. The MOV operates like a pressure-sensitive valve, it reduces resistance when it notices high voltage levels. Resistance rises when voltage levels ...
Read More
Surge protection - This is why you always struggle to get your message across
Kraken Blog | KrakenFX | Aug 5, 2022 The crypto industry faced headwinds in recent months as May’s collapse of the Terra ecosystem took its toll. In June and July, major crypto lending platforms (including Celsius, BlockFi, Voyager and Vauld) took drastic measures in the wake of “extreme market conditions.” June’s leverage-related fallout for crypto lenders continued into July but did not extend to cryptocurrencies, which rallied. ETH led the way, spurred by news that The Merge, Ethereum’s switch from proof-of-work to proof-of-stake, is set to take place at the end of this quarter. On July 15, Ethereum developers announced the long-awaited Merge could occur as soon as September 19, 2022. See:  U.S. Treasury Request for Comments: Crypto Competitiveness – Risks and Opportunities of Digital Assets The macroeconomic environment remained challenging as worldwide inflation continued to rise in June. The U.S. Federal Reserve instituted another 75-basis-point hike while signaling their intention to keep raising rates in the months ahead. The U.S. economy’s two consecutive quarters of negative real GDP growth satisfies one popular definition of a country that has entered a recession. Russian military occupation of Ukraine continued. A rebounding crypto market within a challenging macroeconomic environment could make it ...
Read More
Kraken intelligence report July 2022 - This is why you always struggle to get your message across
Crowdfund Insider | JD Alois | Aug 2, 2022 The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met today to discuss liquidity for certain exempt securities in the form of secondary trading. More specifically, the Committee addressed securities issued under Reg CF (Regulation Crowdfunding) and Regulation A (Reg A+). In opening remarks, SEC Chairman Gary Gensler stated: “I look forward as well to the Committee’s discussion on secondary market liquidity for investors in Regulation A and Regulation Crowdfunding companies, and for smaller public companies. I would be interested to learn about the Committee’s thinking on these matters as it relates to promoting investor protection and facilitating capital formation.” Ryan Feit, CEO and co-founder of SeedInvest: Highlighted multiple successful offerings listed on SeedInvest that generated significant returns to investors, said there were two major outstanding hurdles to the market. First diversification. Given the high rate of failure for younger firms, Feit advocated for the ability to create funds of early-stage firms under the exemptions. Second liquidity - Waiting five to ten years to get a return, even when the firm is performing well, ultimately leads to less capital for these businesses. The lack of liquidity is ...
Read More
Funding and Raising capital for small businesses - This is why you always struggle to get your message across
WEF | Jul 25, 2022 The global pandemic accelerated the digital transformation of work and the work experience. Stranded at home, millions of workers across the globe replaced daily commutes, office desks and watercooler chats with Zoom calls. Cue the next evolution in the virtualization of work, the metaverse; essentially an application of spatial computing that will see us using our avatars to work, meet, learn, socialize, play, trade and transact in fully immersive virtual environments. Media hype notwithstanding, the metaverse is already here. Decentralized autonomous organizations in web3 DAOs exploit smart contract architectures and digital tokens verified on public blockchains, such as Ethereum, in order to give members of a DAO the possibility to directly participate in its governance. Decision making thus becomes collective and based on how many votes – expressed in the number of tokens – a certain proposal in the DAO gets. There are no barriers to entry, and owning tokens in a decentralized autonomous organization is permissionless. Since all rules are coded in smart contracts and all transactions are recorded on a blockchain, a DAO is fully transparent to its members. If the DAO is purposed with developing ideas, or software, then the IP is ...
Read More
Modern digital organizations and DAOs - This is why you always struggle to get your message across
Guest Post | Aug 5, 2022 Emerging technologies touch nearly every aspect of the business world, and that includes the accounting department. Financial technology — or fintech for short — is any technology that supports, automates, or enables a company’s or individual’s use of financial services. In the accounting department, fintech helps accountants do their jobs more efficiently. But fintech can also free up accountants’ time so they can focus on meeting the strategic needs of the business. Rather than simply supporting other departments, accountants can be the changemakers themselves. Financial Technologies for Accountants Before we delve into how fintech can add value, let’s talk about a few specific technologies that have transformed how accountants do their jobs. Automation Automation technology has been around for some time. When you think about the most popular automation programs on the market today (Excel, Quickbooks, TurboTax, etc.), it’s likely that nearly every business across the globe uses some form of automation technology in their accounting department. But there are newer computer programs that take automation one step further. For example, computer technology can now automatically perform month-end close tasks like reconciliations, payroll, and financial reports. Additionally, software like Expensify and Dext use Optical ...
Read More
How fintech will transform will impact accountants - This is why you always struggle to get your message across
Betakit | Meagan Simpson | Aug 4, 2022 Kirk Simpson is just one month removed from stepping down as CEO of Toronto-based Wave, and about to embark on his next venture.  Simpson has teamed up with early Wave investor Peter Carrescia to launch a company focused on decentralized identities, called Qui Identity. Things are moving fast for the pair: Simpson and Carrescia have secured $6.5 million CAD ($5 million USD) from a notable group of Canadian investors for what is essentially an idea. The duo explained that they are still in the early stages, and yet to build a product, but are focused on accelerating the adoption of decentralized identity. The goal is to work with both consumers and businesses to make it easier and give them more control over how they share their digital information. See:  The Evolving Digital Identity Landscape The Qui founders were able to raise the money for their idea so quickly because of their deep history and track record in Canadian tech. Simpson led Wave to its $537 million CAD exit to H&R Block in 2019, while Carresscia is known for being an early Wave investor as a founding member of OMERS Ventures alongside John ...
Read More
Peter C and Kirk S - This is why you always struggle to get your message across

 

Leave a Reply

Your email address will not be published. Required fields are marked *