Mark Gasan is Chief Executive Officer at Gasan Group Limited.
At 22 years old, he joined the Gasan Group. He began his career in the Group’s Real Estate Division.
Mark worked in all aspects of the Group’s investment and operations over the years.
His primary goals were to consolidate the Group’s operations and ensure continued growth.
Mark Gasan, the Chief Executive Officer of Gasan Group Limited, was elected in 2014.
The Group was able to consolidate its four core pillars under his leadership.
Each pillar’s companies are today considered leaders in their markets.
Mark Gasan is currently an Executive Director on every company on the Group’s board of directors and the management committees.
He oversees all operations and investments for the Gasan Group.
Mark finished his education at the University of Leeds in the United Kingdom, where he studied International Studies and Politics.
From where did the idea of the Gasan Group originate?
Gasan Group was founded by my grandfather, who established the company in 1928 after he signed the Ford concessionaire arrangement with Henry Ford.
Since then, the family has managed the business, expanding beyond the automotive sector and into Real Estate, Building Services Solutions, and Insurance.
We are incredibly grateful to have nearly 700 employees here in Malta today.
How do you make your day more productive?
To have a productive and meaningful day, it is essential to balance work and life.
The casual catch-ups with colleagues on the floor are my favorite part of the day.
This is where I can get a first-hand view of the team’s feelings and how operations are running.
How can you bring your ideas to life?
My work-life balance is managing investments and businesses that have been in operation for almost a century with others that I have taken up to new growth levels while also maintaining a close eye on the Group vision.
Some ideas are easy to implement, like repositioning or restoring an existing property asset to its current context.
Sometimes I am inspired by the everyday experiences of my life at work and home to come up with new ideas.
No idea can be brought to life without a lot of hard work and the support of the best people.
Which trend is your favorite?
It is something that I find very engaging to see the move towards a well-being economy.
Our future economies will be judged by measuring well-being, not only by monetary statistics.
This is what I see in my businesses. Whether it’s our properties that improve the environment, they thrive in or our intense focus on the well-being of our employees and ensuring they have an excellent work-life balance.
Which habit makes you more productive as an entrepreneur than another?
My philosophy is to ‘lead through doing.’ I believe in doing the job right and not worrying about how it looks.
This is who I am. To make things happen, a leader must be approachable and hands-on.
I don’t believe business should be run in formalities.
Business is built of people and should be treated with the same emotional intelligence that all of us thrive on.
To be able to solve problems together, I keep in constant contact with my team.
What advice would your younger self give you?
Listen, learn and listen. Life is a constant loop of learning and listening that leads to continuous improvement.
We can only improve on what we have done and learn from it.
We need to hear something you believe is accurate and that nearly everyone agrees with.
I believe people will agree with what I believe to be true.
What is one thing that you recommend to everyone as a successful entrepreneur?
Learn from a variety of sources and read widely. It is never a waste to learn more.
Which strategy has been most successful in growing your business?
You must be willing to learn and adapt. My view is that it’s essential to set priorities and stay true to them.
It is necessary to keep your promises and make sure everything else works out.
I believe our business must aim to align each pillar’s success because there will always be one that fails.
As the CEO of Gasan Group, this is my strategy.
How did you overcome that failure as an entrepreneur?
Failures in business are not uncommon and should not be shamed.
It is common to associate loss with weakness or shame.
This is not true, in my view. We have had developments and projects in our Group that didn’t go as planned.
These were often due to overrunning costs or negative publicity.
There is no one-size-fits-all solution. You have to manage the process well, be respectful of all stakeholders, and learn from your mistakes.
Although it’s not easy, there is no way to know what lies ahead in business and life.
You need to be able to persevere through the difficult times, as well as the ability to accept criticisms, even if they aren’t entirely constructive or justified.
Which business idea would you be willing to share with our readers?
The future is bright if you invest in services that focus on well-being and not just immediate profits.
One example: sustainable tourism and sustainable mobility seem like sure-fire winners.
Which was the most expensive $100 you spent recently? Which and why?
Valletta is a family tour; seeing our beautiful sites and rich history reminds me of how unique our country and heritage are.
Which piece of software or web service can you use to help you be more productive?
I use many communication tools! Many communication tools, including email, messaging, LinkedIn, and many others.
Although I don’t know how to associate with one, our lives constantly shift from one system to another.
It is how we communicate that matters, and not the device.
Which book would you recommend to our community? Why?
Legacy By James Kerr. This book provides a glimpse into the history of the All Blacks of New Zealand, one of the most successful sports teams in the world.
This book offers valuable insight into the art of effective leadership.
Which quote is your favorite?
“Carpe Diem” (Seize the Day) or “De gustibus non est contestant” (In matters related to taste, there are no disputes).
What could the Key Learnings “Mark Gasan” offer to Enterprenuer readers?
Hard work and enthusiasm are rare to fail.
Like life, business is about the people you share it with.
Positive relationships at work and home are the key to happiness.
The new key metric for measuring success will be society’s well-being.
Humility is the best thing, even when it comes to generosity.
The fascinating history and heritage of Malta are captivating.