On this episode of The Value Factory Podcast, Nick Anderson sits down with John Martinka of Nokomis Advisors to examine how uncertainty in tariffs, government contracts, and economic swings are reshaping the M&A market. John explains why dependencies—on outdated systems, single machines, or key people—can crush enterprise value, and how transparency in financials and sound HR practices protect owners from costly mistakes. Together they highlight the three most common missteps owners make—systems risk, talent retention, and financial mismanagement—and offer practical strategies to avoid them. A sharp, candid conversation about building companies that attract buyers, retain value, and thrive through turbulence.