Buyer's Frenzy

William Lindstrom

What really kills a deal - before diligence even starts? Buyers’ Frenzy is the podcast for founders, family business leaders, and the advisors who guide them through the emotional, financial, and leadership complexity of selling a business. Each episode unpacks one of the hidden performance risks that silently erode value - from leadership missteps and buyer psychology to outdated metrics and team misalignment. Hosted by Will Lindstrom, this series brings together experts in exit planning, valuation, and performance analytics to reveal what drives enterprise value - and what quietly destroys it. If you're looking to avoid the deal killers most people miss, Buyers’ Frenzy gives you the clarity, confidence, and tools to turn your business into a showcase - not a stress test.

Episodes

  1. JAN 6

    The Deal Was Perfect - Until It Wasn’t

    How does a deal implode when everything looks ready to close? In this episode of Buyers’ Frenzy, host Will Lindstrom sits down with Michael Morris, Principal at Cana Development, to unpack how human behavior — not market conditions or valuation math — can destroy a transaction at the finish line. Michael shares real-world experiences from transactions where momentum, trust, and alignment unraveled late in the process. These weren’t broken companies. They were viable deals that collapsed because of last-minute decisions, emotional reactions, misaligned expectations, or leadership dynamics that surfaced too late in the game to recover. The conversation explores how buyers read signals under pressure, why small moments during diligence can trigger outsized consequences, and how founders often underestimate the relational and psychological stress that emerges once a deal becomes real. Michael also explains why speed alone doesn’t save deals — clarity does. When ownership roles, decision rights, and communication norms aren’t firmly established before negotiations intensify, even minor friction can cascade into deal-ending outcomes. Highlights Covered: Why deals fail late — even when valuation and diligence are on trackHow leadership behavior under pressure reshapes buyer confidenceThe subtle signals buyers watch for once negotiations tightenWhy misalignment between partners or stakeholders becomes lethal near closeHow emotional reactions create risk no spreadsheet can flagWhat founders can do early to prevent last-minute deal sabotage. For founders and CEOs, this episode is a sharp reminder that exits don’t break because of numbers alone — they break because people change when stakes rise.  Preparation isn’t just operational; it’s behavioral. And the deals that survive are led by leaders who understand both. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    13 min

  2. 11/03/2025

    Deal Makers vs Deal Killers - What Buyers See That Founders Miss

    What’s the difference between a deal that collapses and one that commands a premium? In this episode of Buyers’ Frenzy, host Will Lindstrom sits down with Patrick McMillan, leader of the Transaction Advisory Practice at Amplio, to unpack the blind spots that founders often miss when selling their business - and the signals that buyers notice immediately. Patrick shares stories from real transactions where owners either strengthened or destroyed their valuation by how well they understood their numbers, structured their processes, and built trust with their teams. He explains why knowing your margins, contracts, and financials cold is a “deal maker,” while disorganization - or worse, fraud - can slash value and stall transactions. The conversation also explores the role of open-book management in fostering trust, mitigating blind spots, and enhancing performance.  Patrick makes the case that transparency not only prevents fraud but also drives accountability, collaboration, and long-term value creation. Highlights Covered: Why knowing your numbers instantly builds credibility with buyersHow disorganization or fuzzy financials become instant deal killersA cautionary story of fraud that paused a deal and cut valuation in halfWhy monthly book closings and executive reviews are critical for exit readinessHow open-book management builds trust, accountability, and performanceWhy more eyes on the numbers reduces blind spots and raises valuation.Whether you’re preparing to sell or simply want to run a stronger business, this episode reveals how founders can turn potential deal killers into deal makers by tightening their numbers and opening their books. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    13 min

  3. 10/17/2025

    The Founder’s Identity Trap - Why Letting Go Defines Deal Success

    What happens when your business becomes your identity? In this episode of Buyers’ Frenzy, host Will Lindstrom sits down with Patrick McMillan, leader of the Transaction Advisory Practice at Amplio, to explore one of the most overlooked deal killers - the founder’s inability to let go. Patrick shares real-world stories of founders who struggled - and even sabotaged deals - because they couldn’t separate their self-worth from their company.  He contrasts this with owners who thrive post-sale by defining a clear “next chapter” before entering negotiations.  From defensive behavior in diligence calls to the emotional fallout after a transaction, Patrick explains why identity is often the hidden factor that determines whether a deal succeeds or collapses. Highlights Covered: Why founders struggle to separate personal identity from their businessHow defensive or hesitant behavior during diligence raises red flags for buyersA negative case study where the seller’s lack of clarity killed trust in the dealA positive example of an owner who exited with purpose and confidencePractical steps to avoid the identity trap, including asking others “who am I outside of work?”Why experimenting with new roles or passions before selling creates smoother transitionsHow hesitation and delay tied to identity can diminish valuation. Whether you’re planning an exit or just considering the future, this conversation shows why clarity about who you are beyond your company is as critical as clean financials. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    14 min

  4. 10/03/2025

    Piggy Bank or Performance Engine? Why Quality of Earnings Defines Valuation

    Is your business a piggy bank or a performance engine? In this episode of Buyers’ Frenzy, host Will Lindstrom sits down with Patrick McMillan, leader of the Transaction Advisory Practice at Amplio, to dig into why quality of earnings (QoE) determines whether your business earns a premium or leaves money on the table. Patrick explains how EBITDA multiples are shaped not just by revenue, but by the strength and credibility of your financials.  From customer concentration and vendor contracts to employee agreements and balance sheet integrity, he shows how real value is created by de-risking operations long before you sell. Drawing on his CFO and advisory experience, Patrick shares how sloppy practices - like treating the company as a personal piggy bank - erode trust and suppress valuation, while clean books and proactive QoE reviews can add multiples to your exit. Highlights Covered Why EBITDA is the “level playing field” for valuation in small and mid-sized companiesHow quality of earnings reveals both risk and opportunity in a businessThe dangers of using your company as a personal expense accountReal-world examples of how clean books improved valuation (and reduced taxes)Why being “exit ready” is just good business, even if you’re not planning to sellHow a proactive QoE report can strengthen operations today and maximize multiples tomorrow. Whether you’re actively preparing for an exit or simply want to run a stronger company, this conversation shows why quality of earnings is the linchpin of valuation success. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    13 min

  5. 08/27/2025

    Time Kills Deals - Why Speed & Organization Define Exit Success

    What really kills M&A deals?  In this episode of Buyers’ Frenzy, Will Lindstrom sits down with Dionisio Roman III, co-founder of Next Phase Partners, to explore why speed and organization are the defining factors in exit success. Dionisio explains why time equals cost for both buyers and sellers, and how messy data, delayed responses, or lack of preparation can derail even the most promising transactions.  He also shares why the period between LOI and closing is more than paperwork - it’s an “interview process” between buyer and seller that often determines whether a deal makes it to closing. They discuss practical ways to prepare, including building organized systems for financials, contracts, and customer data well before going to market, ensuring management depth so operations don’t falter during a deal, and reframing financials from tax strategy to valuation strategy.  The conversation also touches on the personal side of selling: why founders must clarify their post-sale identity, objectives, and lifestyle before entering the process. Highlights Covered: Why time is the biggest cost driver in M&A transactionsHow disorganized data and slow responses derail dealsThe due diligence period is an “interview process” between buyer and sellerWhy organizing contracts, financials, and customer data benefits operations now and exit value laterThe myth that preparing for sale means you have to sellThe identity shift founders face after exiting their companyWhy management depth matters when owners step away to focus on a dealThe importance of starting pre-due diligence at least a year in advanceHow to reframe your P&L from minimizing taxes to maximizing value. Whether you’re months away from an exit or years from even considering one, this episode reveals why preparation isn’t just good business - it’s the difference between a stalled deal and a successful transition. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    15 min

  6. 08/11/2025

    The $0 Business Test - Can Your Company Run Without You?

    What happens when you’re the biggest asset in your business - and the biggest liability to its sale value?  In this episode of Buyers’ Frenzy, host Will Lindstrom sits down with exit planning advisor and business coach Len Breskowitz to unpack one of the most common- and costly - deal killers: owner dependency. Len explains why a business that can’t run without its owner is essentially worth nothing to a buyer, and how his “two-week vacation test” quickly reveals the level of risk.  They discuss practical ways to reduce that dependency, including Len’s “80% rule” for delegation, step-by-step approaches to building owner independence, and the critical importance of defining your “next big adventure” beyond business ownership. The conversation also covers the emotional and strategic sides of letting go, the surprising gap between owner expectations and family succession reality (50% vs. 25%), and why early, open conversations with family - ideally three to five years before a transition - can prevent valuation surprises and conflict.  Len also shares a simple way to explain valuation and risk to family members so everyone understands their role in protecting and increasing enterprise value. Highlights Covered: Why buyers avoid businesses tied too closely to their ownerThe “two-week vacation” litmus test for sale readinessHow the 80% rule helps owners delegate effectively and reduce dependencyThe emotional side of letting go and owner identity after a saleWhy early family conversations (3–5 years in advance) prevent exit surprisesThe gap between owner expectations and reality in family succession (50% vs. 25%)Building an advisory team to guide the exit processExplaining valuation and risk in simple, relatable termsWhether you’re years from selling or actively preparing for an exit, this episode shows why your ability to step away may be the single best indicator of your company’s value. Have insights on “Deal Killers”? If you’re a CEPA, CPWA, CFP, or fiduciary with experience navigating the hidden risks that derail deals, we’d love to hear from you. Connect with us on LinkedIn or at theculturethinktank.com/contact

    16 min
  • 6 Episodes

About

What really kills a deal - before diligence even starts? Buyers’ Frenzy is the podcast for founders, family business leaders, and the advisors who guide them through the emotional, financial, and leadership complexity of selling a business. Each episode unpacks one of the hidden performance risks that silently erode value - from leadership missteps and buyer psychology to outdated metrics and team misalignment. Hosted by Will Lindstrom, this series brings together experts in exit planning, valuation, and performance analytics to reveal what drives enterprise value - and what quietly destroys it. If you're looking to avoid the deal killers most people miss, Buyers’ Frenzy gives you the clarity, confidence, and tools to turn your business into a showcase - not a stress test.

Information

  • Creator
    William Lindstrom
  • Years Active
    2025 - 2026
  • Episodes
    6
  • Rating
    Clean
  • Copyright
    © 2026 Buyer's Frenzy
  • Show Website
    Buyer's Frenzy