You aren't building for today; you are building for the market as it will exist 3 to 5 years from now. 3. Modern Trends Reshaping the Industry
While I focused on , this could also refer to Business Development (sales/partnerships) or Software Development (tech startups). development business
The final act. The developer either sells the asset for a profit or leases it out to create a long-term income stream . 2. The Essential Skills You aren't building for today; you are building
Development is capital-intensive. Developers typically use a mix of equity (investor cash) and debt (construction loans) to fuel the build. You aren't building for today