Iain MaitlandFor the past 10 years, he has been running the Property Alerts news and property-sourcing services at www.ukpropertyalerts.co.uk and www.internationalpropertyalerts.co.uk. He has also helped raise finance for a number of UK and international projects, from £300,000 for a land deal in the US to more than £5m for a new hotel in the UK. Iain regularly puts together business plans for UK and international property syndicates. He also edits other sites including www.londonpropertyalerts.co.uk, www.francepropertyalerts.co.uk, www.investmentpropertyalerts.co.uk, www.spainpropertyalerts.co.uk, www.lifestylepropertyalerts.co.uk, www.americapropertyalerts.co.uk and www.hotelpropertyalerts.co.uk. Iain is married with three children and lives on the Suffolk coast.
Q: What do you wish someone had told you when you were starting out?
A: To have a clear vision of where you want to be and how you are going to get there; plan, check, tweak, re-plan and make sure you act rather than react so that you can stay in control so far as possible
Q: What is the best advice you’ve ever been given?
A: Learn from your mistakes. My first business – a shop selling baby clothes and goods – was an utter disaster that pretty much bankrupted me. But I learned more from that – what not to do – than anything else since
Q: What is your top tip for success?
A: If you are starting up, focus on both profits and cashflow. Just because you have plenty of cash doesn’t mean you’ve a profitable business. Likewise, profits, at least on paper, mean nothing if you don’t have enough cash to keep going