Calabasas Style Magazine: People to Watch in 2020
Thousands of books and articles have been written about the different traits and characteristics required to succeed in business. We’ve identified some of the top professional and business leaders in our community and discovered one element that they all have in common: From them, we learned that “success is not the key to happiness” but rather that “happiness is the key to success.” Simply put — If you love what you do and are passionate about your purpose, you have the key to achieving true success. We hope these stories inspire you in your field of endeavor in 2020.
Howard Grobstein Co-Founder Grobstein Teeple, LLP
Howard Grobstein started his Woodland Hills public accounting and consulting firm, Grobstein Teeple, LLP, six and a half years ago. As cofounding partner, he oversees staff members that offer litigation and insolvency consulting, fiduciary services, bookkeeping, back-office support, a fractional CFO, valuation, cybersecurity, assurance, and taxation. While smaller in size than many of his competitors, Grobstein Teeple remains lean, nimble, and dependable. They pride themselves on building meaningful relationships with both their clients and community.
At age 29, Grobstein became a partner at his first firm. When one of the country’s 10 largest accounting firms purchased the company, they appointed Grobstein to lead the national forensic accounting department. Preferring to work at a smaller enterprise where his entrepreneurial spirit could shine, he created his own company with seven of his coworkers. Six and a half years later, Grobstein Teeple has expanded into a 50-person firm with approximately $11 million in revenue from four offices in Los Angeles, Orange County, Riverside County, and Washington, D.C.
Grobstein notes, “Our focus is not only on our clients but our staff as well. We encourage watercooler talk, collaboration among our team members, and socializing. We believe creating a positive working environment will lead to an exceptional team and better-served clients. While this is contrary to most accounting firm environments, we think happy individuals produce better work.”
The entire Grobstein Teeple team focuses tirelessly on helping clients. They also choose service providers who take pride in their work and genuinely care about their products and reputations. While many providers focus primarily on the bottom line, Grobstein believes putting team members and client needs first is what leads to success and profitability.
Future plans include expanding various practice areas, including fractional CFO and controller, continuing to build the cybersecurity practice, and growing the business management department for high net-worth and entertainment clients. They will also continue to work with a variety of local nonprofit organizations such as Habitat for Humanity and Heart of Los Angeles Youth (HOLA), which provides athletic, art, and academic programs to underprivileged youth. Offering cybersecurity, risk management, and accounting services to these groups and others gives Grobstein and his company a chance to show their appreciation for their community in concrete ways.
Grobstein takes the motto “go big or go home” to heart as he continues to expand his practice and give back to the community.