What are some key lessons learned, best practices, and pitfalls to avoid?

Hi SearchFunder community,

I am a first-time searcher hoping to gain insights from more experienced members.

What advice do seasoned searchers and investors have for a first-time searcher like myself as I embark on this journey to acquire and operate a business?

What are some critical lessons learned, best practices, and pitfalls to avoid?

For context, I am based in Ottawa, Ontario, and seeking to acquire an established business with EBITDA ranging from $500,000 to $5,000,000. I am captalized, and so my focus is on finding the business.

Thank you.

Mike