FOLLOW US
July 1, 2024 | Authored by Aaron Walton
Key Takeaways
- Small businesses create a ripple effect by hiring and utilizing suppliers, small businesses create an ecosystem lifting the whole community.
- Luck favors perseverance. Be relentless in pursuing your dreams. Knock on enough doors and one will open.
- Even family-owned businesses can be inclusive. Be deliberate. Recognize the need. To grow, you need diverse voices.
Whether on our podcast or in blogs, I love talking with inspiring leaders about how to help small businesses thrive. Today, we’re going behind the scenes of the NBCUniversal Open Doors/Abriendo Caminos initiative with two pioneering executives who are personally involved with the program’s development and success — Peter Blacker, EVP Streaming and Data Products, Head of Diversity, Equity & Inclusion, and Craig Robinson, EVP, Chief Diversity Officer at NBCUniversal.
As we explored their respect for small businesses and their commitment to being a growth-oriented partner, three major themes emerged:
- Support for diverse communities
- Role of NBCUniversal’s resources
- Importance of persistence
The Meanings Behind “Open Doors/Abriendo Caminos”
Peter: It actually resonates even more with me in Spanish than in English. Particularly because the expression ‘Abriendo Caminos’ has so many different meanings and it’s in a lot of songs as well.
In either language, it’s about access — access to resources, to people, to communities… What I’ve seen over the last two years has been this incredible post-Covid acceleration of small businesses, particularly small businesses from diverse communities. So, if we can even play a small part in helping those diverse businesses accelerate and ramp up, it’s something that’s very exciting for us to work on. And clearly our advertising partners are lining up behind it as well.
Craig: Open Doors is all about going and supporting small businesses, which make this entire country stronger. We know that small businesses are the lifeblood of our economy.
People think that big companies are, and we certainly need those jobs, of course. Those are millions of jobs. But small businesses in our communities are the engine of this country’s prosperity.
And so many of these businesses are owned by new immigrants, people of color, just hard-working people who are finding a niche that may be unserved in their neighborhood, a gap they’re filling, whether it be a grocery store, restaurant, bookstore, or an insurance office. We know that minority owned small businesses were hit disproportionately hard during the pandemic. We also know that they are such a vital part of small businesses overall. So, with Open Doors, it all just comes together, by being in service to underrepresented communities that are helping as an engine for everyone in the U.S.
Peter “double-clicked” on what Craig said about diverse ownership, quoting a recent Wall Street Journal article citing that 40% of US small businesses are being launched by Latinos, up from 25% just four years ago.
He also underscored “the ripple effect” these small businesses start by employing other people and utilizing suppliers and so on.
[Small businesses] are creating an entire ecosystem that lifts up the whole community — It’s just so powerful.
– Peter Blacker, EVP Streaming and Data Products, Head of Diversity, NBCUniversal
Focusing On Small Business
Because of NBCUniversal’s expertise in storytelling and content creation, I wanted to explore what I view as a mismatch between the image of small business and the importance of small business. This led to Peter sharing big news about NBCUniversal’s ongoing commitment to this community.
Peter: Within our ad sales team, we recently launched an entire division focused on small and medium-sized businesses. So, if you think about something like the Olympics, for example, and who the big advertisers were in the past. The Olympics were basically a place for big brands to be able to strut their stuff, show what their brand values were, and really connect with audiences. But now we have the democratization of these different programs through digital streaming, which makes it possible for people with smaller budgets to advertise. And, for the first time ever, NBCUniversal is actually allowing programmatic advertising in the Olympics. This means small businesses, that purchase advertising in small quantities programmatically, will now be able to appear in the biggest event of the year.
Craig: There was a time, not so long ago, that participation in something like the Olympics was really limited to people who had five, six, or seven-digit budgets. But now, as Peter said, it has been democratized, because we have multiple platforms.
People can associate themselves with programming like the Olympics, which we know attracts the broadest of audiences. All socioeconomic levels, all ethnicities, gender-splits, LGBTQ+, all of us. These types of events are uniting in this regard.
– Craig Robinson, EVP, Chief Diversity Officer, NBCUniversal
Expansion and Innovation
All three of us were excited to talk about expansion and innovation, and what the future could hold for Open Doors/Abriendo Caminos. The NBCUniversal Upfronts had just happened, these are meetings where media executives and advertisers gather at the start of important sales periods.
Peter described how these presentations led to several aha moments.
Peter: One of the big things that I came away with after the Upfronts, was just the sheer scale of the footprint of NBCUniversal. The fact that we are touching and talking to more people in the United States than any other media company every single day.
Coming out of these presentations, I was thinking — Wow, look at all the things we have. How do we leverage them even more? How do we pull elements of these different programs and tools into other corners of our company?
One that comes to mind is working more closely with our news division. I know in the past we’ve been able to shine a light on some of the small businesses. But is there a way to have a more frequent presence, particularly using our digital and social platforms? Is there a way for us to expand our relationship with Telemundo even further? Can we lean into our theme parks? Perhaps create an event where we host different communities at different times of the year?
Craig pointed to the strengths of NBCUniversal’s parent company Comcast and their role as an expert resource.
In some cases, businesses aren’t looking for a cash infusion — they’re looking for a knowledge and expertise infusion. Where they may not have a great degree of expertise is in digital marketing. Or in advertising on cable. Or in setting up an online presence so that people don’t have to come to a physical store, for example.
– Craig Robinson, EVP, Chief Diversity Officer, NBCUniversal
Craig: Comcast, which is NBCUniversal’s parent company, is fantastic in terms of technology. Meaning we have the power of a cable company behind us. One that operates in hundreds of markets and has helped businesses grow and thrive in those markets, by showing them ways to do that through local advertising. Sometimes homegrown stores can’t afford network ads. But they can afford ads on the local cable channel.
Perseverance and Planning
The experience of these two media leaders, both pioneers in their areas of expertise, is vast. I asked Peter what advice he had for small businesses who were short on resources, but big on ideas, talent, and vision.
Peter: Aside, from leveraging Open Doors/Abriendo Caminos, I would say my favorite saying is “luck favors perseverance.” If you keep knocking on enough doors and you’re relentless in your pursuit and your dreams – because entrepreneurialism is based on dreaming as well – keep knocking on enough doors and one will open.
And, because of his specialization in DEIB, I posed a question to Craig about how he would guide small businesses to drive diversity. Especially small teams or family-owned businesses? How do they ensure their company cultures are inclusive?
Craig: The short answer is — You have to be deliberate. You have to recognize the need for it. You have to recognize that perhaps you’re too insular and you need more voices. And then you have to put together a plan for who those voices are going to be. Easier said than done, especially with a small family company, where there’s such a tight circle of trust and maybe not the infrastructure. But I just think the acknowledgement that in order to really grow, you have to have other voices in your ears.
Touched By Small Businesses
Peter and Craig’s passion for supporting small businesses shines through in their stories and insights. Their commitment to leveraging NBCUniversal’s vast resources and fostering a diverse, inclusive environment, highlights the transformative power of initiatives like Open Doors/Abriendo Caminos. More can be found in the Comcast NBCUniversal Impact Report which outlines the companies’ diversity, equity, and inclusion, social impact, and sustainability efforts over the past year.
Before we wrapped, I wanted to get a personal perspective on the impact small businesses had on Peter and Craig’s early lives.
Peter: Actually, it’s a very personal question. I started a small business when I was in college, a catering company And I quickly learned that it’s very, very difficult to grow and launch a small business.
Yes, I was doing catering, but along with that there was marketing. There was payroll. There was procurement of goods. All these different things which have nothing to do with actually preparing the meals. That’s what was very eye opening. And, as a result, I’ve always had a very soft spot in my heart for small business.
Then, about 15 years ago, my husband created a small business of his own. So, every day I come home and hear the joys of working and running a small business. And, to me, it looks like it hasn’t gotten any easier.
Craig: Small businesses played a very big role in my worldview. I grew up in Echo Park, near downtown Los Angeles. Before Echo Park was hip. You had lots of little family-owned stores on multiple blocks and that is what I saw because we were not within walking distance of a large grocery store. So, when I needed to go pick up something from my mom for dinner, I would walk to a store. They were generally owned by a Hispanic family, a Korean American family, or some other family… And there was a real recognition of how that store was our lifeline to some degree. That formed a lens I have to this day.