Business Investment or Relevant Experience: What Truly Matters?

When it comes to starting a business or making an investment, one of the most debated questions is: “What’s more important—business investment or relevant experience?” As a seasoned entrepreneur in the real estate industry, I, Nasir Gondal, firmly believe that while investment plays a vital role, having at least two years of relevant business experience is even more critical to ensuring success.

Why Experience Matters More Than Investment

Investing in a business without proper experience is like driving a car without knowing the rules of the road—you may get started, but chances are you’ll soon encounter problems that could have been avoided with preparation. Experience provides a deep understanding of how a business operates, from managing clients to handling suppliers and controlling costs.

Starting a business is not just about having the capital to invest. It’s about knowing the ins and outs of the industry, understanding market dynamics, and mastering the processes that ensure profitability. Without this foundation, even the largest investments can lead to failure.

A Personal Story: Learning Before Investing

Let me share a personal anecdote from my life. When I visited my village, my younger brother often approached me with a request to provide investment for setting up a tile and marble factory. He was enthusiastic and had a strong desire to succeed, but I told him the same thing I would tell anyone else: “If you can gain at least two years of relevant experience in this field, learn how the supply chain works, understand client needs, and master cost-saving techniques, I will gladly provide the investment. But starting a business blindly, without understanding its intricacies, is not something I can recommend.”

Experience gives you the ability to anticipate challenges, make informed decisions, and build sustainable business operations. It also helps you develop the skills needed to manage risks effectively—an essential factor in any business venture.

My Journey: From an Office Boy to a Business Owner

I am often asked how I started my own real estate and marketing company, Gondal Group of Marketing. My journey wasn’t easy, but it was built on years of learning and hands-on experience. I began my career humbly, working as an office boy in a real estate company. At that time, I had no significant investment or resources, but I had the willingness to learn.

Over time, I gained experience by observing, assisting, and gradually taking on more responsibilities. I learned about real estate markets, client relationships, property management, and marketing strategies. As my knowledge grew, I started offering real estate services on my own.

Eventually, after years of learning and refining my expertise, I was ready to take the next step: establishing my own company. Today, Gondal Group of Marketing stands as a testament to the fact that experience, combined with perseverance, is the true key to success.

Why Blind Investment Can Be Risky

Blindly investing in a business, no matter how lucrative it may seem, is a gamble. Without understanding the industry:

  • Client Relationships: You may struggle to attract and retain customers.
  • Supply Chain Management: You may face issues with timely delivery, quality control, or cost efficiency.
  • Market Dynamics: You may not know how to adapt to changing trends, leading to lost opportunities.

These factors underline the importance of gaining relevant experience before making an investment.

Advice for Aspiring Entrepreneurs

For anyone considering starting a business, my advice is simple:

  1. Learn First: Spend time working in the industry you want to invest in. Learn its processes, challenges, and opportunities.
  2. Understand the Market: Research your target audience, competitors, and market trends.
  3. Build a Network: Connect with professionals who can mentor you and provide guidance.
  4. Develop a Business Plan: Use your experience to create a practical and informed business strategy.

Experience First, Investment Second

In the debate between business investment and relevant experience, the latter holds more weight. While capital is important, experience equips you with the tools to make informed decisions, navigate challenges, and achieve long-term success.

As my own journey demonstrates, starting small, gaining experience, and gradually scaling up is a proven formula for success. So, before you invest, take the time to learn, grow, and prepare—you’ll thank yourself later.