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.
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Thinking in minutes vs. months
Most companies inherit their execution speed from their meeting calendar.
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The boring math behind 1,750x
Half of all acquisitions destroy value. Here’s the underwriting that never did.
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Problems hide in averages
The counterweight to all that autonomy is sunlight.
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Treat them like owners
Autonomy without ownership is abandonment. Ownership without autonomy is a slogan.
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Run your payroll like a salary cap
A blank-sheet exercise that shows where the roster drifted.
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Price, cost, new business
You can’t fix the market. You can work the levers.
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Is your leadership team actually a committee?
The difference shows up the moment things get hard.
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The resignation test
Your gut already knows who your A players are. Here’s how to ask it.