The Bodnar Letter

Articles & Insights

M&A strategy, decision-making, and acquisition insights from 40+ deals and 5M+ podcast downloads.

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Problems hide in averages

The counterweight to all that autonomy is sunlight.
August 20, 2026

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Treat them like owners

Autonomy without ownership is abandonment. Ownership without autonomy is a slogan.
August 13, 2026

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Run your payroll like a salary cap

A blank-sheet exercise that shows where the roster drifted.
August 6, 2026

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Price, cost, new business

You can’t fix the market. You can work the levers.
July 30, 2026

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Is your leadership team actually a committee?

The difference shows up the moment things get hard.
July 23, 2026

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The resignation test

Your gut already knows who your A players are. Here’s how to ask it.
July 16, 2026

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Unlock Hidden Value: The Power of Addbacks and Adjustments

Unlock hidden value in business acquisitions by leveraging addbacks and adjustments. Discover how these tools can enhance valuation and optimize deal outcomes
June 30, 2026

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M&A Psychology: Winning Seller Trust for Better Deal Outcomes

Discover insider tips on winning over business owners in M&A negotiations by understanding their emotional journey and preserving their legacy with strategic empathy.
June 30, 2026

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How to Increase Business Valuations Before You Sell

Discover key strategies to boost your business valuation before selling. Learn how to optimize financials, streamline operations, and enhance market appeal to maximize your sale price.
June 30, 2026