The Simple Path to More Profit: The 3P System: Success Strategies for the Self-Employed and Entrepreneurs. People – Process – Presentation

By Philip Semmelroth

There's more inside than you might think! The true levers for business success

90 percent of companies in Germany never exceed one million euros in annual sales. That means 9 out of 10 entrepreneurs toil away for meager profits. Philip Semmelroth shows that there is another way. With the business strategies he developed, his company broke the million mark. At the same time, he organized the day-to-day business so that it largely ran without him. In this short guide, he reveals how it works: more profit and less stress! If you want to know even more about how to keep your business permanently in the profit zone, also read his book 55 Business-Turbos für KMU.

• Language: English
• Publisher: GABAL Verlag
• Release date: Apr 15, 2021
• ISBN: 9783967400861

Book preview

The Author

Who is Philip Semmelroth?

True entrepreneurs focus on their strategic tasks

The short answer to this opening question is: I am one of you, at least if you run a small or medium-sized business, or if you promote yourself in the marketplace as a solo, self-employed person. I founded an IT company when I was 18, before I graduated from high school. After more than 20 years of successful entrepreneurship, at the age of 40, I sold this company at a sizable profit. Since then, as a sales professional and management consultant, I have focused on making other entrepreneurs (even) more successful through my coachings, trainings, and lectures – always with a direct value. I am a man of experience and an expert in business success. In my 23 years as an entrepreneur, I have learned an enormous amount about leadership, motivation, systematization, sales and marketing. And if I look at my bank account, I would say many of my ideas have worked.

Proven strategies instead of textbook knowledge

And now for the more detailed answer: When I started my business, I had no experience, no concrete role model, no coach and not much more than a few positive experiences with acquaintances of my parents. Since the age of 14, I have been intensely involved with computers and soon learned that I could sell my know-how at respectable prices. At least I was easily speeding past the previous top earners in my class, who were working in the beverage shops or delivering magazines. Private customers were soon joined by smaller companies. Having just turned 18, I skipped school for one day to register my company. Even during my time in the Bundeswehr, during my studies for my undergraduate business degree, and during my MBA studies in the USA, I kept my company going by working evening or night shifts and through establishing cooperative agreements. I was forced to focus on the essentials and to establish efficient routines – otherwise, it wouldn’t have worked. Winning over customers was easy for me. And after successfully completing two degrees (a concession to my worried parents), my business grew steadily, and I hired its first employees. Since then, I have also looked at my company as a laboratory, an experimental field with the goal of building the most efficient and profitable company possible. None of what you will read below, or in my book 55 Business-Turbos für KMU (published by Gabal Verlag in Germany) is textbook knowledge. I have tested everything in practice and improved it continuously. My tips work. Therefore,