In the face of possible inflation, what would the most urgent step in my practice be?

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Spend cautiously. It's a difficult balance trying to run a business in the current economic climate. Possible, but tricky.

Which costs have you found it easiest to cut, as well as most challenging?

The most urgent step in a veterinary practice would be to review pricing and create a plan to adjust prices to account for inflation. This will help ensure the practice's profitability and sustainability. Additionally, it is important to monitor markets and other factors that might influence costs and consider how to best manage those changes.

Reviewing your pricing and fee structure is the most important thing you can do to make sure your veterinary business can remain profitable in the face of potential inflation. It would also be a good idea to examine and revise your practice's budget to make sure it can handle any future inflation-related expenses. It might also be beneficial to look into cost-cutting options that could help to balance any inflation-related expense rises.

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