How to Pitch an Idea (or, How ‘Dragon’s Den’ Relates to ACT)

Dragon’s Den is a show where budding entrepreneurs pitch their ideas to a group of successful business people in the hope of winning some investment.

The show fascinates me. I love spotting academic theories about influence and negotiation being played out in real life. The show also demonstrates how more psychologically flexible entrepreneurs tend to be more successful in their pitches. Professor Frank Bond has done some cool research at the BBC to support this idea.

There seem to be a few key principles if you want to get the approval of the investors.

1. Consider the perspective of the investors (Why would they want to invest? What will they gain?); potential customers (Why would they buy?) and competitors (How easy would it be for them to steal my idea?). Perspective taking is a key aspect of psychological flexibility.

2. Hold ideas like ‘This is a brilliant idea and I am going to be incredibly successsful‘ lightlyFusing with these sorts of thoughts seems to increase the risk of throwing good money after bad and doesn’t seem to convince others.

3. Understand the difference between solid, real world facts and what your mind is telling you. Others find facts much more convincing than your opinion. Smart business people consider the facts (Sales figures, profits, awards won) when they make decisions.

4. Learn to perform well even when you are feeling incredibly anxious. This is a great strength of the ACT approach. ACT teaches people how to perform even when they are feeling strong emotions. Rob and I have a course on this.

5. When you are having an important conversation – really listen to what the other person is saying. Get present with them and give them your full attention. Be open to their feedback and also be willing to give them facts that might change their mind.

6. Know your values and live those values in the interaction. You then come across as vital, authentic and trustworthy (assuming those are your values!)

7. Know how this ‘pitch’ fits with what you want your life to be about. Is this a drive to make money or does it connect to something deeper?

7. Demonstrate willingness. What are you prepared to do to make your idea successful? Live on very little money? Work hard? Face rejection? Acknowledge what you don’t know and ask for help?

Here is someone who nailed it – sadly he completely misses the reason he nailed it.

Jumping Off A Piece Of Paper

Do you have something important that you need to do but even the thought of it makes you feel so uncomfortable that you just avoid it?

It might be risking rejection; doing something boring; risking looking stupid…..

In this great podcast, DJ Moran talks about slicing these challenges up really thinly. Finding the point where you have made it small enough that you will take action. He uses the metaphor of jumping off a piece of paper. Even though the jump is really, really tiny; you are still jumping and that is very different to not jumping at all.

And once you have gotten moving, you might tackle jumping off the phone book next!

We Can’t Get Rid Of Our Mental Junk – So What Do We Do Instead?

The Big Clear Out

People in my neighborhood are throwing out their junk. They are sorting out their stuff and leaving it on the side of the road. In a few days some lovely people from the council will come and take it all away. Wonderful!

Wouldn’t it be great if we could do that with the junk in our minds? If we could choose which of the rules about ourselves and the world that we carry around in our minds, no longer work for us and just get rid of them?

Sadly, behaviorism tells us that this isn’t possible. We can’t unlearn something (unless we are willing to suffer brain damage – which seems a little extreme!). We can only add to our learning.

Let me give you an example. When I was a medical student I learnt that it was a very bad thing to make a mistake. When I practiced medicine, this was usually a very good rule to follow. I think my patients were glad I took that approach!

However, I don’t practice medicine anymore. Although doing an excellent job is still very important to me and my clients, generally it isn’t a disaster if I make a mistake. In fact, trying too hard to avoid mistakes can impair my capacity to do a good job. I can end up being too much of a perfectionist.

I can’t unlearn the rule I learnt as a medical student. It will always be with me. But what I can do is learn some new ways of behaving so I have more options. And I can get better at recognising when an old rule like ‘I mustn’t make any mistakes’ isn’t appropriate and 80% is good enough.

What internal rules do you have that are no longer useful for you?

How White Dog Poo Can Give Us Hope For 2012

Do you remember white dog poo? It seemed to be all over the place when I was growing up, but now I can’t remember the last time I saw any. What’s going on?

The answer is that humans have decided to pick up after their dogs.  In general, we carry around little black bags for the purpose and deposit them in special bins.

As Jerry Seinfeld said, if an alien ever landed they would undoubtedly conclude that it was the dogs who were in charge. But the real point is that our short term behaviour has changed, making the environment more pleasant for others, even though the immediate consequences for ourselves are unpleasant.

Why does this matter?

Because it tells us something important about human nature. Even behaviour which seems deeply ingrained and resistant to change can be changed.

Yet the thing about humans is that we forget this and give ourselves a hard time. As a species we criticise ourselves constantly, even though evidence suggests our behaviour has never been better or more peaceful.  And at an individual level, when we think about behaviour change we often to chide ourselves for not having changed already.  And any behaviourist will tell you that’s not a great reinforcer.

Steve Hayes once said the real question is not why are we so controlled by short term impulses, but rather how do we ever fail to be?

This puts me in mind of one of my favourite quotations of all, by Robert Ardrey but used  here by Ken Robinson.  I think it’s a nice reminder as we start 2012.

Happy New Year, everyone.

“Human beings were born of risen apes, not fallen angels.
And so what shall we wonder at? Our murders and massacres and missiles?
Or our treaties, our symphonies, our peaceful acres, our dreams?
The miracle of humankind is not how far we have sunk but how magnificently we have risen.
We will be known among the stars not by our corpses, but by our poems.”