Articles by Cynthia Wutchiett, CPA - Veterinary Economics
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Articles by Cynthia Wutchiett, CPA

Cynthia Wutchiett, CPA


Cynthia Wutchiett graduated from The Ohio State University in 1974 and founded Wutchiett & Associates in 1980. She speaks regularly at national, regional, and state association meetings, writes articles for national publications and serves as the Financial Editor of Veterinary Economics. She also provides expert testimony about the operation and valuation of veterinary practices. Wutchiett and her husband, Robin, share their home with Larz, a mixed breed dog they adopted from our local Humane Society. In her free time, Wutchiett enjoys bicycling, hiking, and rafting.

Articles
An accountable accountant
October 1, 2006

My partner and I are opening a hospital and we're concerned about our accounting structure. Is a local accountant with a good reputation adequate, or should we find someone who specializes in veterinary medicine? What kind of costs can we expect?

Conflict
April 1, 2006

Conflict closed this practice's doors for good. Don't suffer the same fate.

Is your associate a strong potential partner?
March 14, 2006

Here are the factors owners say they weigh most heavily when deciding about an associate's ownership potential.

Up & out
March 1, 2006

The numbers prove it: Selling a part interest to your associate boosts practice value and increases your net worth?plus, this step gives you a clear succession plan. Associates: You win with a buy-in, too.

Top benefits of owning
March 1, 2006

Of course, greater earning power and financial gain rank as important reasons for ownership. Yet there are more reasons to take this step. Here are some other benefits to owning a practice.

Increasing your client base
January 1, 2006

My practice has a steady client base, but we'd like to increase our new clients. What's the most effective way to grow?

Promised ownership
November 1, 2005

A veterinarian I don't know that well offered me an opportunity to work for a clinic she's purchasing, promising that if we're compatible, she'll allow me to buy in. How do I formalize our agreement?

Steer your practice in the right direction
September 1, 2005

The 2005 Well-Managed Practice Study shows how important strategic planning is to achieving your practice vision—and respondents say their only regrets are not planning sooner.

Get a clear picture of practice value
March 1, 2005

A potential buyer will want to know what it would cost to provide the same services you offer.

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