The Bodnar Letter

Articles & Insights

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

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Management matters (a lot)

Not the model. Not the market. Not the cost cuts.
September 10, 2026

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Thinking in minutes vs. months

Most companies inherit their execution speed from their meeting calendar.
September 3, 2026

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The boring math behind 1,750x

Half of all acquisitions destroy value. Here’s the underwriting that never did.
August 27, 2026

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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