| With the Ministry of Education on the education sector governance and the impact of the COVID-19 brought down the economy,many education chain institutions have been closed down because of the break in the financial chain,The capital chain is a circular process of the capital flow of the enterprise,just like the blood of the enterprise,the smooth capital chain can ensure the normal business activities of the enterprise.As a multi-project Y education enterprise with personalized education,liberal education,child discipline and overseas study tours,the rapid expansion of the direct alliance system has attracted much attention.It is of great practical significance to find out the root cause of the breaking of the capital chain,put forward concrete suggestions and avoid the risks better.This paper uses the methods of Literature Research and case analysis,according to the theory of capital circulation and the related theory of enterprise expansion,referring to the relevant literature research,taking Y education enterprise as the analysis object,using PEST and SWOT to analyze the situation of Y educational enterprise’s capital chain break,and find out the common reason of its capital chain break,in order to provide reference for other similar enterprise’s healthy development.Through a detailed and profound analysis of the break-up process of the fund chain of y education enterprises,it is found that the internal cause of the break-up of the fund chain of Y education enterprises is that the expansion of the direct alliance is not well managed,and the online education is not well integrated with the offline education,advance payment system and investment and financing failure,financial risk management is not in place.External cause is influenced by environmental policy.On this basis,the paper puts forward relevant suggestions: enterprises should improve the joining mode internally,strengthen corporate governance,shift strategic focus,strengthen financial management,establish risk early-warning mechanism and strengthen risk control;the government should strengthen capital supervision,multi-agent cooperative governance. |