|The snow was falling at TCG Accounting's open house in January. The firm's team includes many UMD alumni and current students (from left): alumna Kristi Prevost-Vork, alumnus Andrew Orn, UMD student Alec Kloss, alumnus Andy Grengs, alumnus Dan Noel, and UMD senior Connor Paulsen.|
|UMD Alumnus Andy Grengs|
Grengs advises undergraduates to network at Chamber events and Duluth community events and get involved with co-curricular activities. "People want to know you are involved with the school, as well as getting good grades.”
“Andy has a drive that you do not see in many people and that is why I am confident that whatever goal he sets for his company, he will be sure to meet,” said Conner Paulsen, UMD student and part-time employee of TCG Accounting.
UMD alumnus Andy Grengs always knew he wanted to be an entrepreneur. He started out doing taxes for his friends and family. Now he is the owner of TCG Accounting in Duluth.
After getting involved with the UMD Entrepreneur Club his sophomore year of college, Grengs zeroed in on his talent for business. He connected with many professors in the Labovitz School of Business and Economics and was president of the UMD Entrepreneur Club for two years. In 2010, he graduated with a major in electrical and computer engineering.
“After college, I found out that there was a need for bookkeeping in the Duluth area,” said Grengs. “I also began doing taxes for business owners. The final business combines both of these components.”
TCG Accounting started in October 2011 with taxes being done out of Grengs' apartment. In May 2013, he hired three part-time employees to help meet the needs of the Duluth area. In January 2014, the TCG Accounting office opened its door to the public. In the months leading up to this year's tax season, he hired six more employees. Many of his employees are either UMD alumni or current UMD students.
Grengs is highly involved with the Duluth community. He volunteers at the St. Louis County Jail preparing income taxes. He is an ambassador for the Duluth and Hermantown Chambers of Commerce and is active with the Twin Ports Connex Young Entrepreneurs Group. In addition, he is the current chapter president for the Business Network International Zenith City Business Builders.
Grengs advises students looking for jobs or internships that they should not only look for job openings, but reach out to the business community to see if there are openings. “Contacting the business and asking them about jobs shows you are driven and really want a job,” said Grengs. “They might have a job, but decided not to put up a job posting or they may not even have the time to put one up as is the case for many small businesses looking to hire. Even if they don’t have a job, it doesn’t hurt to call and ask. Students should also network by going to Chamber events and Duluth community events. Lastly, enhance your resume with co-curricular activities. People want to know you are involved with the school, as well as getting good grades.”
Grengs is in pursuit of becoming a serial entrepreneur. He is a partner of the venture capital firm Grengs & Associates Venture Capital, LP, and they have invested in two global firms. In July, he will be opening an online learning institute for businesses.
He was recently nominated for the Emerging Entrepreneur Award through the 2014 Joel Labovitz Entrepreneurial Success Awards. “It feels wonderful to be nominated for this award and to be seen as successful in business,” Grengs said.
Written by Katarina Menze, April 2014.