The property development industry offers boundless opportunities for those who are prepared to take the time to acquire the knowledge that most buyers and sellers of established real estate do not have. It is not a business that will reward those who act quickly or spontaneously or who operate purely on gut feeling. Only a few who depend for success on luck alone will profit by it. It is a risky business, in which the stakes are often high when compared with other ventures. But with high risks come potentially higher returns. The successful developers I know work on strategies to reduce the risks associated with their projects as well as their personal financial exposure.