elevator pitch – Segal Coaching LLC

Preparing to Pitch Yourself for Corporate Board Roles: Corporate Board Series, Part 3

Bright meeting room interior with city view

At some point in your career, if you have achieved a certain of success as an executive, you may be considering a corporate board role as a possible and logical next step. Yet the process of creating a “board pitch” can take you out of your comfort zone, as it requires you to view your career through an entirely new lens.

Boards want candidates who are poised to lead an organization and leave the day-to-day administration to someone else (i.e., management). They are focused on high-level, high-impact decision-making, so as you brand yourself and prepare your “why me?” pitch, these are the qualities that should come into greatest focus.

Here are some key points to consider:

Your Audience

The audience for your board pitch should be a carefully selected group of individuals that includes networking contacts, board recruiters, board-marketplace groups and the actual target boards of directors:

(1) Networking Contacts. Your networking contacts often serve as the most fertile ground for your board pitch, as the majority of board roles come from board members’ current networks and word-of-mouth communications. (The percentage of public board roles filled from these sources is nearly 70%, according to a recent survey by the National Association of Corporate Directors.)

If your current network does not include CEOs, sitting board members and others with access to boards, I suggest that – before you consider yourself ready for a board role – you take steps to expand your network in that direction. (My next post in this series will explore how to make connections to land a corporate board seat.)

If your current network does include the right mix of networking contacts, you will need to muster up the courage, gravitas and good sense to leverage those connections and create mutual benefit for you and the individuals who will be referring you. In other words, the benefit to you is the chance to make your pitch to the right audience, and the benefit to your networking contact is to have successfully delivered a viable, poised and compelling board candidate.

(2) Board Recruiters. There are a number of recruiters who routinely conduct and complete board searches, and many of them are focused on expanding the talent pool beyond the “usual suspects” of traditional board candidates. (I have posted links to some of the top recruiters here.)

The best corporate board recruiters will have an in-depth understanding of the companies with which they are placing candidates, including corporate strategy, board dynamics and culture fit. Getting in front of these recruiters can often be as difficult as getting in front of the boards themselves, so you may need to rely on your network for introductions here as well.

In any case, take care not to get ahead of yourself. In today’s world, don’t expect many recruiters to have the bandwidth to help you assess whether you are ready for a board role, especially a recruiter you do not know well. Recruiters are hit with too many candidates vying for their time – for board search as well as job search – to be able to provide that level of hands-on, personalized attention to all but a handful of candidates. Instead, prepare yourself as a board-ready candidate with a convincing elevator pitch first, then approach the recruiter, so you do not lose that ephemeral chance to make a solid first impression.

(3) Board-Readiness, Education and Marketplace Groups. There is a range of organizations that can help you prepare yourself for a board role and/or broadcast your candidacy to a wider audience, with differing barriers to entry and effectiveness. In addition, many graduate schools of business offer executive education in corporate governance for board members. Links to some of these organizations and aggregator sites with further links are here. For many of them, you will need to submit an application, which may include some of the documents I list below.

(4) Actual Board Targets. Lastly, don’t forget that the ultimate and most important audience to whom you will be pitching is the specific board itself, namely the Nominating & Governance Committee in most cases and thereafter the wider board. Do your diligence on the board and company so that you can speak directly to their needs for a new board member.

Your “Portfolio” of Board-Ready Communications

While the above constituencies are the audiences to whom you should make your desire to join a corporate board of directors known, there is also the question of how you can best communicate your pitch to join a board. I have mentioned above that before you formally start the process of consistently putting yourself out there for a role, you should make sure you are a board-ready candidate. In addition to gaining the right experience to be a compelling candidate, here are the different and related means of verbal and written communication to have at your disposal:

(1) Board Biography. Your central document as a board candidate is the board bio, which is often a short narrative (one to two pages, sometimes with attachments) that presents you in third person and illuminates the value you bring to the board, including leadership, industry and substantive experience and what can be loosely described as “caché.” Unlike a traditional U.S. resume, it also may include a small photo in the top right or left hand corner.

The board bio should be clean, inviting, well-written and distilled. If you have current or former board or committee service, including with non-profit entities, this is often listed near the top. Significant honors or awards, certifications and educational qualifications should also be included, with the aim to produce a document that signals you are of the right quality and caliber for a board role without sounding stuck on yourself.

(2) Value Proposition and Elevator Pitch. Building on the exercise of creating a board bio, you can further distill what you offer a board into a short value proposition that can serve as the basis for an email or cover letter regarding your board candidacy as well as an elevator pitch that you can give (and tailor more specifically to) one of your target audiences.

(3) Board Resume. Sometimes, a board resume is also requested during the board search process, although it is less commonly used than the board bio. The board resume differs from an executive resume principally in its emphasis on those accomplishments and characteristics that would be relevant to board service. I will cover board bios and resumes further in Part 6 of the corporate board series.

(4) LinkedIn. Just as you make your network aware of your availability for and interest in a board role through informal conversations and other interactions, you can take another look at your LinkedIn profile to determine whether it conveys your board-ready expertise and gravitas or could use some more help in that regard. I will give some specific suggestions for LinkedIn profiles as they relate to seeking out a board role in Part 7 of this series.

For additional articles in the Corporate Board Series, click here.

For links to corporate board resources, click here.

Anne Marie Segal is an executive coach, resume writer and author of two well-received books on interviewing and career development. She served as a corporate attorney for 15 years, including roles at White & Case LLP and a prominent hedge and private equity fund manager, before launching her coaching practice.

Based in Connecticut not far from New York City, Anne Marie partners with clients internationally on executive presence, impactful communications, graceful transitions and other aspects of professional and personal development.

To join her mailing list, click here.

Actionable Networking in Five Sessions – Stamford, CT

Welcome to networking sessions at Segal Coaching!

I am excited to add to my offerings a series of networking sessions in April and May 2017, to be held at my office in Stamford, CT. These sessions are open to senior and mid-level professionals in any field, and each includes a warm-up networking exercise followed by an hour of group coaching for up to eight participants.

Please register at Eventbrite.

If you attend all five sessions, you will learn to:

– overcome awkwardness, intimidation or blocks in your networking,

– develop and present a compelling personal value proposition,

– plan and organize your overall strategy in light of your goals,

– build your network organically and purposefully,

– use informational interviewing for career direction and job search,

– create shortcuts and effective communication starters, and

– follow through, when and where needed, for best results.

Please visit my page on Networking Sessions or Eventbrite for more information or to register.

Also if you are interested in my offering of webinars, including the one I publicized here yesterday on NETWORKING (April 6) and an additional webinar on RESUMES (April 21), please click here. More webinars will be added in the coming months, so please join my blog mailing list for the most current information.

Image from Adobe Images.

Young Women & Interpersonal Cues: Missing Them Can Undermine Your Career Advancement

By bowing out, she had taken a backseat, undermining herself. Julie had made a decision, perhaps unconsciously, that she was not an important member of our makeshift meeting. As a result of her stepping away at a critical point in the conversation, Julie gave away her power.

At my office recently, I was approached by someone in the hallway I had never met, a fellow tenant (let’s call him George) with a business complimentary to mine. In a few minutes, it became clear George wanted to sell me on something, an idea more than a product or service. He talked excitedly in a loud voice, as he got himself pumped up on a concept that was close to his heart – a local monthly networking group he leads that he wanted me to join. I mentioned that I knew someone from George’s office, a young woman who worked for him (let’s call her Julie), whom George called out to join us. Julie popped out into the hallway a minute later to say hello, as we continued our conversation.

Suddenly, the floor receptionist (let’s call her Clara) appeared. Clara beckoned Julie to come over and answer a question, oblivious to the fact that three people standing in the hallway deep in conversation could be a “meeting” that was just as momentous as a sit-down affair. It did not appear that Clara wanted to talk about anything important, just a routine matter, and I expected Julie to wave her off with a promise to catch up shortly.

And then a very odd thing happened. Something that I had almost forgotten young women can get wrong and how damaging it can be to their careers.

What happened is this: Julie left the conversation. Like the receptionist Clara, who had no skin in the game, Julie missed the cues. She did not grasp that this spontaneous 15-minute meeting in the hallway was important to George, that it’s the way he does business. George was very obviously giving me his elevator pitch, growing his base of support and relying on Julie to help him carry it to a close. And Julie missed the ball. Completely.

The fact was not lost on George, as he made very clear a moment later. “Julie, where are you going?” he asked, as Julie and Clara stood in the hallway, five feet from us, whispering back and forth in their own private conversation. I expected again for Julie to wave Clara off, reading the cues from George, or at least to try to do so, but again she did not.

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“Clara has a question for me,” Julie said flatly, turning her back on us and continuing the conversation. She did not excuse herself by mentioning anything about the relative importance of Clara’s question, that there was an emergency, that she would be “just 30 seconds” or anything to mitigate her allowing a seemingly unnecessary break in the flow of conversation. George continued to speak with me, although he was visibly annoyed by Julie’s absence, turning to glance at her out of the corner of his eye until she finally returned.

As the observer of this interchange, I wished I could communicate to Julie what I had witnessed from a third-party perspective. By bowing out, she had taken a backseat, undermining herself. Julie had made a decision, perhaps unconsciously, that she was not an important member of our makeshift meeting. She was not part of the sales conversation, she “happened” to be there, and could just as easily have been somewhere else without affecting the outcome. This is an error, in fact, because Julie was the link between George and me, as I had only just met George in the hallway and had known Julie for months. If I were to be persuaded to “buy” what George was offering, she certainly could have tipped the balance.

As a result of her stepping away at a critical point in the conversation, Julie gave away her power, allowing herself to deal with minor administrative tasks while a potentially profitable referral relationship was being made (or lost). Or, if there indeed was a pressing need to speak with Clara at that moment, Julie had not communicated that fact in a clear manner so that George (1) felt confident to rely on Julie’s judgment call to leave the meeting, and (2) had maintained focus on his train of thought and momentum, rather than being distracted from his intent. Julie’s actions subtly communicated the opposite: that she felt George did not need her. The key problem is that if George hears this message too many times at critical points in Julie’s career – he doesn’t need her – then, in fact, he won’t.

Have you witnessed a situation like the one I describe with Julie? As women, we want to be recognized as powerful, strong partners in the business world. There are unseen obstacles to our success, and we are denied opportunities based on our gender. And sometimes, we give the power away ourselves. We need to read, and give, helpful interpersonal cues. When we value our own worth and prioritize the more meaningful contributions we can make, we increase our engagement and opportunities in our careers.

Originally published on LinkedIn Pulse as “How Young Women Can Undermine Themselves in the Business World by Missing Interpersonal Cues.”

Your Elevator Pitch: Who Are Your Clients and How Do You Serve Them?

The essential elements in an elevator pitch are not what features you offer a client, but what clients you serve and the benefits they get from hiring you. People don’t hire you for your experience, or your fancy “tools” that get the job done, but for what you offer them. Focus on your target audience (i.e., niche) and the benefits of hiring you.

If you are like me and many others I know, you have spent way too many hours in front of the computer or a blank piece of paper, working on your elevator pitch. If you had two minutes or less, what would you say about “what you do?”

As I have learned the hard way over the years, if you can’t spell something out on paper, you aren’t there yet. You have the germ of an idea, but no architecture. Hence the need to write first, then speak. Only when you have honed your thoughts through multiple revisions, and then rehearsed it in front of a sympathetic audience, can your words come to life. Very few of us can express what we do in a short phrase – “I fix bicycles” – without attempting a couple of iterations on the theme. Yet we need to distill it, or we lose our audience.

So what happens when I say:

Your elevator pitch. You have two minutes. Or maybe thirty seconds. Go.

Can you make it interesting, fresh and versatile enough to keep people’s interest and deliver those same few lines to contacts the world over and in your own backyard? How do you dress it up for the formality at networking events and down for the banter at kids’ soccer games? How does it look in print?

I recently joined a women’s entrepreneurship group, and six of us presented our elevator pitches today. We all have useful, personalized services to offer. We did not all, however, make a concise or compelling argument about why anyone should buy our services. In fact, a few of us were great in the first fifteen seconds or so, and we should have quit while we were ahead. Others delivered an “information overload” that would send any real prospect right out the door.

Who do you serve?

What value do you bring?

I would love to hear your answers.

Post originally published on LinkedIn Pulse as Your Elevator Pitch.

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