Ted Clark Executive Director of NU Center for Family Business and Executive Professor for Entrepreneurship and Innovation ted.clark@northeastern.edu (617) 373-7031 Expertise COVID-19, entrepreneurship, family business, small business Ted Clark in the Press Article The disproportionate impacts of COVID We talk about the challenges of owning a family business and how common these types of feuds are with Boston Business Journal reporter Grant Welker and Ted Clark, Director of the Northeastern University Center for Family Business. Article Boston Magazine Inside the Fight over a Billion-Dollar South Shore Beer Empire But the buzz it generated was to be expected, explains Ted Clark, executive director of the Northeastern University Center for Family Business. “When family businesses work well, nothing beats them,” he says. “This obviously at one point worked super well. But now with the bickering and fighting, you can’t look away. It’s like a car […] Article The Sun Chronicle It’s all in the family for several local businesses Ted Clark, executive director of the Center for Family Business, said difficulties in transferring a business to a succeeding generation can be many. The greatest is often the lack of money. “One of the huge problems is extracting value from the business and still being able to transfer it from one generation to the next,” […] Article Low-profile Bob Weinstein must now save family film business “It’s right out of Machiavelli’s ‘The Prince,’ ” said Ted Clark, who heads the Center for Family Business at Northeastern University in Boston. ‘‘One of the princes was getting out of control and he had to be dealt with.” Article Inside Sources With no successor for the family business, what should retiring baby boomers do? “In this latest survey, far more businesses told us that, instead, they’ll be seeking buyers outside the family within the next several years — nearly one-third of respondents, compared with 19 percent two years ago,” the survey found. But Ted Clark, director of Northeastern University’s Center for Family Business, said owners without another generation to […] Article Business dynasties try to pass the torch without dropping it “James is going to be under a microscope, and everyone will be comparing him to a legend,” said Ted Clark, executive director of the Center for Family Business at Northeastern University. “It’s going to be really hard to measure up.” Article Family businesses honored at Northeastern University A car cleaning company, a supermarket group serving the Hispanic community and an electrical contractor took top honors Wednesday night in Northeastern University’s annual family business awards. As in many business competitions, judges looked at areas such as innovation and positive community impact. In a departure from the usual criteria, the panel assembled by the […] Article CNBC Signs of optimism among family-owned businesses The survey found family-owned businesses with solid, formal succession plans are scarce. Nearly 75 percent said they do not have a documented succession plan in place for senior roles in the company, PwC said. This maybe because many businesses think succession plans are a long, drawn-out process, said Ted Clark, executive director of the Northeastern […] Article Death of a family farm Almost all American farms are still owned by families and slightly fewer, 87%, rely primarily on family labor. But family firms dominate other sectors too, like construction,manufacturing, and automobiles. “Run well, family businesses can be some of the best,” says Ted Clark of the Northeastern University Center for Family Businesses. “They invest for the long […] Article Inc.com The art and science of choosing a new location Ted Clark, executive professor of entrepreneurship and innovation at Northeastern University, where he also serves as the director of the Center for Family Business, says that though Hibbert’s thriving Orange County locations prove that her business model works, she needs to keep in mind that Fashion Camp is a niche business. Therefore, Clark believes that […] Ted Clark for Northeastern Global News 3Qs: Food fight for the family business 3Qs: Food fight for the family business
Article The disproportionate impacts of COVID We talk about the challenges of owning a family business and how common these types of feuds are with Boston Business Journal reporter Grant Welker and Ted Clark, Director of the Northeastern University Center for Family Business.
Article Boston Magazine Inside the Fight over a Billion-Dollar South Shore Beer Empire But the buzz it generated was to be expected, explains Ted Clark, executive director of the Northeastern University Center for Family Business. “When family businesses work well, nothing beats them,” he says. “This obviously at one point worked super well. But now with the bickering and fighting, you can’t look away. It’s like a car […]
Article The Sun Chronicle It’s all in the family for several local businesses Ted Clark, executive director of the Center for Family Business, said difficulties in transferring a business to a succeeding generation can be many. The greatest is often the lack of money. “One of the huge problems is extracting value from the business and still being able to transfer it from one generation to the next,” […]
Article Low-profile Bob Weinstein must now save family film business “It’s right out of Machiavelli’s ‘The Prince,’ ” said Ted Clark, who heads the Center for Family Business at Northeastern University in Boston. ‘‘One of the princes was getting out of control and he had to be dealt with.”
Article Inside Sources With no successor for the family business, what should retiring baby boomers do? “In this latest survey, far more businesses told us that, instead, they’ll be seeking buyers outside the family within the next several years — nearly one-third of respondents, compared with 19 percent two years ago,” the survey found. But Ted Clark, director of Northeastern University’s Center for Family Business, said owners without another generation to […]
Article Business dynasties try to pass the torch without dropping it “James is going to be under a microscope, and everyone will be comparing him to a legend,” said Ted Clark, executive director of the Center for Family Business at Northeastern University. “It’s going to be really hard to measure up.”
Article Family businesses honored at Northeastern University A car cleaning company, a supermarket group serving the Hispanic community and an electrical contractor took top honors Wednesday night in Northeastern University’s annual family business awards. As in many business competitions, judges looked at areas such as innovation and positive community impact. In a departure from the usual criteria, the panel assembled by the […]
Article CNBC Signs of optimism among family-owned businesses The survey found family-owned businesses with solid, formal succession plans are scarce. Nearly 75 percent said they do not have a documented succession plan in place for senior roles in the company, PwC said. This maybe because many businesses think succession plans are a long, drawn-out process, said Ted Clark, executive director of the Northeastern […]
Article Death of a family farm Almost all American farms are still owned by families and slightly fewer, 87%, rely primarily on family labor. But family firms dominate other sectors too, like construction,manufacturing, and automobiles. “Run well, family businesses can be some of the best,” says Ted Clark of the Northeastern University Center for Family Businesses. “They invest for the long […]
Article Inc.com The art and science of choosing a new location Ted Clark, executive professor of entrepreneurship and innovation at Northeastern University, where he also serves as the director of the Center for Family Business, says that though Hibbert’s thriving Orange County locations prove that her business model works, she needs to keep in mind that Fashion Camp is a niche business. Therefore, Clark believes that […]