Great Clips: Ethical Business Practices Pay Dividends

Despite the recession, hair care franchise company Great Clips is growing at, well, a great clip.

According to Vice President of Franchise Development Rob Goggins:

• Great Clips has posted same-store sales increases for 22 straight quarters.
• Great Clips is on target to recruit more than 100 new franchisees this year.
• Great Clips is track to sign close to 200 leases.

Yet not only are they awarding new franchises at an impressive rate, Great Clips is also receiving awards… the latest being for business ethics.

Great Clips Receives 2010 Minnesota Business Ethics Award (MBEA)

Wednesday, May 19, 2010, Great Clips was presented with the 2010 Minnesota Business Ethics Award (MBEA) for “ethical excellence.”

The MBEA was established in 1999 by the Twin Cities Chapter of the Society of Financial Service Professionals and the Center for Ethical Business Cultures at the University of St. Thomas.  The purpose of the award is to raise the standards for business ethics in Minnesota and to honor companies that exhibit the highest standards of ethical performance.  In 2009 the Minnesota Society of Certified Public Accountants joined as an award sponsor.

MBEA recipients are selected based on company size.  Certes Financial Pros received the small-company award.  Edina-based Great Clips Inc. received the midsize-company award.  Imation Corp. received the large-company award.

Congratulations, Great Clips

In tough times, maintaining a reputation for ethics and honesty is more important than ever.  Obviously, the commitment Great Clips has made in building a reputation for fair-dealing and good business practices is playing a key role in their success.

Congratulations to Great Clips and its franchise owners for the MBEA award and for setting a winning example.

Are you familiar with Great Clips? Share a comment below.

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