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Great speeches communicate great ideas.
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There should be a shapliness to your speech (beginning, middle and end).
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Good speechwriters use an outline to ensure shapliness.
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Use a handshake (icebreaker) to warm the room and relax the audience.
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A speech should be made for a good reason and have a purpose.
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Use rhetorical antithesis ("Ask not what your country can do for you, ask what you can do for your country.") to provide a speech with quotable phrases and rhetorical nuggets.
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Use enthymede (a syllogism/rhetorical device) to make a point without saying it.
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Use anaphora (repeated beginning, repeated ending) to avoid monotony and also to reinforce key themes in a way that draws the audience into participating.
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A speech must fit the occasion and not be separated from purpose (i.e., State of the Union speech versus a eulogy or Congressional floor speech.
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Use imagery to freshen and animate a speech.
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A great speech is a function of timing; build the speech, like a wave cresting.
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Length is important. Chose each word as a precision tool. Most good speeches do not exceed 20 minutes.
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The forum is the place of speechifying and relevant to the content, writing and delivery of a speech.
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Know your audience (who you're trying to influence).
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Use similes, alliteration, and metaphors for rhetorical phrasemaking and turn an ordinary speech into a beautiful one.
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Use triplets (rhythmic triads/grouping words into patterns of three) to cause a memorable effect (i.e., "Veni, vidi, vici," "the kingdom and the power and the glory").
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Use quotations to bring in references and history and use the language of others with whom you share values and ideas.
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There is only one speechwriter. Many people can contribute to its development but only one person can write the speech--unless you're willing to sacrifice thematic and structural coherence.
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Use an elevated tone and avoid slang, tired cliches and trite language.
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Remember the speechgiver. Use words they are comfortable worth and try to write in their voice.
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Delivery is the final step in eloquence. Spend time and play with the rhythm and cadence, always remembering that television is a cool medium and hot rhetoric is best left off-camera.
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Peroration (the end of the speech) is what is most likely to be remembered so be sure to make it memorable.