Welcome to a website dedicated to the accomplished career of Ralph Bawtenheimer. With an incredible track record of success in the real estate development industry, Ralph Bawtenheimer is uniquely qualified to provide advice to aspiring entrepreneurs. For more than 30 years, Bawtenheimer was involved in the real estate development industry. During this time, he founded and operated companies like Dorian Development, The Braddock Group Inc, and Wright Meyer Contracting LLC. A large part of his duties involved developing financial partnerships with some of the biggest names in business, which includes Procter and Gamble and Kroger Chase Bank and Fifth Third Bank.
One piece of experience that has become more popular in the modern era is the launching of international business. Launching an overseas business from the United States is something many aspiring entrepreneurs attempt but only a select few accomplish successfully. While this homepage will discuss some helpful guidance from Ralph for those looking to launch an overseas business, future blog posts will touch on a wide range of topics to help those looking to become more successful in their business operations. While real estate development and business launches are Ralph Bawtenheimer’s areas of expertise, these principles of success in business can be leveraged in many different industries.
Ralph Bawtenheimer believes that before launching a business in any part of the world, two things must be confirmed. The first is that the funds are available to conduct a successful launch. And the second being the importance of establishing a customer base ahead of time. Vast amounts of research should be done to confirm that there is a market ready and willing to utilize the service or product. The most successful businesses fill a unique need. Without a great product or service, a business is unlikely to succeed anywhere on the globe.
In the age of COVID-19, most businesses that are expanding overseas will do so without visiting the country or being able to be in the country at the time of launch. This makes it imperative to form good partnerships. Local investors can provide critical assistance in understanding the culture and the local consumer. One thing a lot of businesses do not do ahead of time, but should absolutely spend time on, is researching businesses in a similar space that tried to launch in a particular country and failed. Sometimes, businesses are so focused on emulating successful companies that they are blind to potential pitfalls. By studying unsuccessful launches, potential blind spots can be avoided.
Compliance will be different in a foreign country than the rules and regulations of launching a business in the United States. Bawtenheimer explains that it is imperative to have someone on the payroll who understands the rules and regulations in a given country and is able to handle quality control. Ideally, this person will be an in-house HR Manager but there are plenty of consulting firms who can take on this responsibility via partnership opportunities.
If you like what you have read so far, Mr. Bawtenheimer has a lot more advice to provide. Be sure to come back often for the latest from the Ralph Bawtenheimer blog.