I'll be doing my utmost to give the residents of my town the best possibility of a fulfilling career that I can, but even I know that I can't do everything so I'll be looking at my fellow neighbouring barons/mayors aswell as the count to cooperate and trade resources.
To me it's important to know one's limitations and work out from that. What are the natural resources, which guilds have settled, who are the people, what are their wishes and so on. Having multiple focuses which you funnel funds into, will hinder the town's progress since the funds themselves are finite and I believe it will be difficult for it to prosper.
I plan on being very flexible right now and will always listen to what the members of the town/barony thinks since their wants and needs are what drives the town itself.
So far I only know it will be centralized, but not exactly how centralized. Come land selection, that's going to be a lot of fun to figure out.