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The challenges and benefits of running multi-generation family-owned businesses

We get a peek into a local family-owned business that’s now in its third generation. Sunshine Ace Hardware was founded in Naples by Don Wynn in the late 1950s. His grandson, Michael Wynn has been the company's President since 2005. He's also co-founder of the Resnick-Wynn Family Business Conference, which takes place on Thursday, Feb. 29 at Florida Gulf Coast University from 9am to 2pm. It will focus on how family businesses can successfully navigate the challenges they face in our modern economy, and transition from generation to generation if that’s their goal.

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Resnick-Wynn Family Business Conference taking place at FGCU

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Steve Forbes at the 2022 event. COURTESY PHOTOS Sometimes family business owners just need to know they’re not alone. That the struggles they face from startup and survival to success and significance are common denominators, the same challenges even gigantic multigenerational family-owned corporations like Hasbro and Forbes experienced once upon a time ago.

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