The first and most important part in making a speech is to be there. Know when you're supposed to make the speech and don't rush off else where when the time for your speech is approaching.
Sometimes during a speech, distractions such as inebriated guests, rowdy children or general mishaps occur. The best way to handle the these distractions is with humor. Have a few general humorous comments ready for these occurrences such as "It's commendable to see the restraint everyone's exercising at the open bar today", or "Here, I thought the children would be bored with the wedding, but they sound like they're having a great time!" Even with all the preparation in the world, there are still things you cannot possibly foresee. Be prepared for the unexpected and do not let it faze you.
Latecomers who enter during your speech might also cause a distraction (door slams,"Excuse me", "Pardon me", etc.). Do not stop in the middle of your speech and wait while the latecomers are finding their seats as this might seem awkward. Nor should you raise your voice and continue speaking as everyone turns around to look at them. Instead, pause, welcome the latecomers and transition back to your speech, e.g. "Oh, hello! Welcome. I think your table is over there where John and Linda are sitting. I was just telling everyone about the time when Kenneth presented me with a lion sculpture made out of paperclips..."
Make sure you have everyone's attention before you start. There is nothing more frustrating than giving a speech that no one is listening to. Stand up and wait for everyone to stop talking. Sometimes, tapping a wine glass with a fork or pen will draw people's attention. Have all your props you need available, including a glass of wine or champagne if you're making a toast. If you have notes that you refer to, make sure that you have them with you. Do not leave them at home!
Afterwards, remember to reward yourself for a job well done. Even if it did not go as smoothly as you would have liked, you did your best and now you'll be more prepared for your next speaking engagement.
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