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    Home»Growth»CEO Sees ‘New Opportunity’ for Small Businesses During Pride
    Growth

    CEO Sees ‘New Opportunity’ for Small Businesses During Pride

    spicycreatortips_18q76aBy spicycreatortips_18q76aJune 18, 2025No Comments6 Mins Read
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    CEO Sees 'New Opportunity' for Small Businesses During Pride
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    A number of weeks in the past, Tanner Graham, co-founder and CEO of inventive model company Common Concept, observed a obvious improvement whereas attending a Satisfaction parade in small-town Pennsylvania: Main companies that may usually march, from blue-chip banks to insurance coverage, pharmaceutical corporations and past, have been absent.

    Picture Credit score: Courtesy of Common Concept. Tanner Graham.

     ”It was positively a really totally different tone this 12 months,” Graham tells Entrepreneur. “These Fortune 500 corporations that previously few years have strongly expressed their assist for LGBTQ+ initiatives and confirmed a transparent assist of Satisfaction initiatives have retracted [that support].”

    Associated: Listed here are 4 Confirmed Methods to Champion LGBTQIA+ Past Satisfaction, All 12 months Lengthy

    As an alternative, Graham witnessed small and native companies step in to march and keep the momentum established in years previous.

    “It creates an actual, new alternative this 12 months, and possibly for the following a number of years.”

    Because the 2018 founding of their full-service, luxurious magnificence and fashion-focused company, Graham and Common Concept co-founders Ian Schatzberg and Semjon Doenhoff have all the time centered range, fairness and inclusion. The 5 leaders that make up Common Concept’s C-suite all determine as LGBTQ+.

    Graham sees giant corporations’ lower in assist for Satisfaction and LGBTQ+ initiatives as an opportunity for small companies to extend their very own efforts.

    “There’s an actual alternative to be leaders,” Graham explains, “as a result of as the larger corporations and particularly the publicly traded corporations have needed to flip down the quantity [on their LGBTQ+ initiatives], it creates an actual, new alternative this 12 months, and possibly for the following a number of years to return.”

    Associated: 3 LGBTQ Entrepreneurs Share How Being Out and Proud Fuels Their Enterprise

    Graham calls on small enterprise leaders to concretely and constantly decide to their values.

    Common Concept is a licensed member of the Nationwide LGBT Chamber of Commerce (NGLCC), which incorporates annual membership charges to assist their community of initiatives. The company has additionally made donations to the Transgender Regulation Heart for a number of years and continues to assist LGBTQ+ causes in 2025 via donations to Ali Forney Heart, which offers life-saving providers to LGBTQ+ youths, and SAGE, a nationwide advocacy and providers group that appears out for LGBTQ+ elders.

    Graham says leaders shouldn’t solely talk firm values outwardly but in addition present their groups and organizations why it is so vital to face up for his or her beliefs.

    “Range [brings] the most effective concepts, probably the most forward-thinking concepts.”

    Because the Common Concept co-founders first thought-about easy methods to develop a contemporary advertising and marketing company and supply the most effective service for his or her shoppers, they centered on hiring individuals with skillsets that may complement one another inside the present and shifting advertising and marketing panorama, Graham says.

    “Range [brings] the most effective concepts, probably the most forward-thinking concepts,” Graham explains. “Finally, as entrepreneurs, our purpose is to talk to a various vary of consumers. We did not got down to essentially create an LGBTQ+ C-suite, however on the similar time, it felt like a snowball impact. The those who we received to know and determined to convey into the company and elevate into working their departments occurred to be various in that regard, and it is labored very well for us.”

    Common Concept has partnered with movie star manufacturers like Savage X Fenty, Ariana Grande and Swarovski over time.

    Along with its C-suite, Common Concept has about 50 workers. The corporate prioritizes hiring “distinctive” thinkers and creators who work exhausting and have a robust appreciation for tradition and a capability to faucet into present developments and future alternatives, Graham says.

    Associated: Range Is Not the Similar to Everybody. Here is Why That Issues

    Common Concept hires additionally should have a knack for locating options — as a result of that is on the coronary heart of the enterprise.

     ”Each consumer involves us as a result of they’ve an issue to unravel,” Graham says, “whether or not they should promote extra merchandise or join with new audiences, so for us, at the start, it is about understanding what these issues are and attending to the core of that. And loads of occasions, it is not so clear at first.”

    Graham notes that Common Concept does not invoice itself as an promoting company, although relying on a consumer’s wants, promoting is likely to be a part of a “multi-pronged” resolution.

    Associated: Why Numerous Management Is a Aggressive Benefit — and How Girls Can Lead the Shift

    “Our most rewarding initiatives typically are the initiatives that are available in considering they’re one factor after which find yourself leading to a unique kind of output,” Graham says, “as a result of it signifies that we’re not taking these briefs and issues at face worth, however fairly we’re partnering with our shoppers [and] shepherding them into what we consider will create the very best consequence.”

    “We actually need to create an setting that empowers individuals to really feel secure.”

    In a second when sure corporations are being “quieter round what their values are,” Graham and Common Concept see their dedication to LGBTQ+ points and variety at giant as a path ahead — and one that may put together them and their group to maintain up with a “quickly” evolving advertising and marketing area and “fully totally different world” wrought by AI.

    “We actually need to create an setting that empowers individuals to really feel secure, [to] really feel like they’ll categorical their beliefs and be who they’re,” Graham says. “We need to create alternatives for individuals to thrive inside these senses of safety.”

    A number of weeks in the past, Tanner Graham, co-founder and CEO of inventive model company Common Concept, observed a obvious improvement whereas attending a Satisfaction parade in small-town Pennsylvania: Main companies that may usually march, from blue-chip banks to insurance coverage, pharmaceutical corporations and past, have been absent.

    Picture Credit score: Courtesy of Common Concept. Tanner Graham.

     ”It was positively a really totally different tone this 12 months,” Graham tells Entrepreneur. “These Fortune 500 corporations that previously few years have strongly expressed their assist for LGBTQ+ initiatives and confirmed a transparent assist of Satisfaction initiatives have retracted [that support].”

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