Blog

Project diary

How I'm building a property development company in southern Sri Lanka — honestly, step by step, mistakes included. Every post is a new challenge.

Challenge 16

Recruit a CEO

Building a team at the start is really hard. I'm not talking about a venture-backed startup with a funding round and an office. I mean starting an ordinary business…

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Challenge 15

Overcome fear

I wanted to start selling rooms right after buying the land, the way I always did before. But I was talked into waiting until there were at least renders😉 But when…

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Challenge 14

Start talking

Right from the start I began thinking about marketing . Sales were still a long way off, but the market is new to me, and I decided: while there's time, I need to figure…

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Challenge 13

Kill the project

I had a finished design project in hand. Nikita delivered it on time, I paid for it — two months of work and several tens of thousands of dollars. The project went in…

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Challenge 12

What numbers to look at

❗️Do you know how much developers make? Everyone says "a 15-25% margin", but nobody understands what that means, because "margin" means something different to everyone…

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Challenge 11

Get the project designed

Borya introduced me to Nikita. The same Borya through whom the deal with the Sri Lankan went - the one that fell apart Nikita was looking for an investor for a project…

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Challenge 10

Trust

I pulled up the chat history for the land deal - 678 messages over 40 days, seven participants . I transferred 75% of the land price to the account of the bank that…

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Challenge 9

Transfer the money

This challenge took about 2 months: two attempts involving in-person visits to Freedom in Almaty and Aktau, attempts to transfer dollars and yuan, talks with Turkey's…

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Challenge 8

Register the company

Get Y – understand why Registering a company in Sri Lanka isn't a complicated process: the services cost $500 and it takes a couple of weeks. But since this is a…

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Challenge 7

Find the land

Location, location, location At the very start, when I was messaging everyone and looking for any way into Sri Lanka, I came across the website lankaplanet.com , wrote…

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Challenge 6

Find partners and investors

The first investor believes in the person; the rest believe in the numbers After spending a lot of time choosing a business model, I decided to build a development…

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Challenge 5

Choose a business model

The story with Borya fell apart. Here's why: Chaminda (the landowner) unexpectedly started leaning towards not selling the hotel… No legal claims, no conflict. As I…

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Challenge 4

Share the risks

Before you scale, test the model (Lean Startup) Testing didn't work out🙈 My first request to Artem was this: I want to bring about a hundred villas within a 10–20 km…

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Challenge 3

Start

In any venture, the main thing is to start — to move from fantasies to action What I started doing : I began studying the websites and Telegram channels of developers…

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Challenge 2

Choose a country

Why I settled on Sri Lanka When I was first choosing a country, I didn't do any special analysis, because the flow of Russian tourists — and therefore investors — isn't…

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Challenge 1

Formulate the idea

How did I realise I wanted to get into income-generating resort real estate? Looking back, I realise this idea didn't just fall on my head one day — it ripened over…

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Introduction

Hi! I'm Yuri Goldberg

More than 20 years in business — and I still manage to dive into new fields with burning eyes and minimal experience. Apparently that's a diagnosis by now. There's been…

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